MFC Options History — May 2024

In May 2024, MFC traded between $23.68 and $26.73. ATM implied volatility averaged 20.3%, placing in the 48.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 0.7% (HV 20d: 21.0%). Max pain ranged from $21.00 to $24.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2024-05-08: Highest Volume — 2,081 contracts
  • 2024-05-09: Largest IV drop — 41.4% change
  • 2024-05-07: Highest IV Rank — 100.0%
  • 2024-05-02: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.56$23.68$26.73$23.74$25.71
Max Pain$22.86$21.00$24.00$24.00$24.00
ATM IV20.3%14.0%32.5%27.2%17.2%
Expected Move5.2%4.0%7.8%7.8%4.9%
HV 20d21.0%17.4%24.3%18.1%24.0%
HV 60d21.5%18.9%26.6%25.1%19.8%
IV Rank48.2%19.4%100.0%82.1%33.2%
IV Percentile45.5%2.8%100.0%97.2%28.6%
Term Structure-0.2%-6.9%4.2%-5.4%0.3%
VWIV18.2%14.1%28.9%26.6%17.2%
Skew 25d1.9%0.3%5.1%3.4%1.2%
Skew 10d6.0%-3.0%29.7%10.3%5.8%
Call IV 25d17.4%12.6%27.2%27.2%18.2%
Put IV 25d19.3%15.3%30.6%30.5%19.3%
Bid-Ask Spread %68.7642.2285.3579.5483.27
Gamma HHI0.280.190.390.390.23
Net GEX620.4K364.8K1.0M364.8K523.9K
Net DEX-15.5M-25.2M-8.1M-8.2M-11.5M
Net VEX-45.0K-52.1K-37.0K-52.1K-47.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.011.590.260.08
Total Volume5911332,081349401
Total OI16,041.54514,10918,85414,10915,775

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$23.74$24.0027.2%7.8%18.1%82.1%26.6%3.4%-5.4%364.8K-8.2M-52.1K0.2679.54N/AN/A278719,1714,938
2024-05-02$23.68$24.0027.2%7.8%17.4%82.2%28.9%5.1%-6.1%394.4K-8.1M-51.9K0.7668.21N/AN/A116889,3954,951
2024-05-03$24.02$24.0026.6%7.6%18.1%79.5%26.6%3.8%-6.9%438.2K-9.7M-50.4K1.5979.96N/AN/A58929,4864,998
2024-05-06$24.43$21.0029.1%6.1%18.9%91.0%21.1%2.7%-0.9%454.0K-11.5M-49.4K0.0142.22N/AN/A64499,5235,150
2024-05-07$24.27$21.0030.3%5.7%19.0%100.0%19.0%1.8%0.1%511.7K-11.2M-49.0K1.0442.29N/AN/A1391449,8995,155
2024-05-08$24.45$21.0032.5%6.3%17.4%100.0%23.1%3.0%-1.1%511.3K-11.9M-49.5K0.7679.62N/AN/A1,1809019,9265,171
2024-05-09$25.71$22.0019.0%4.5%23.9%41.4%16.0%2.0%2.9%815.2K-19.9M-42.1K0.2281.06N/AN/A1,20926910,9895,941
2024-05-10$26.01$22.0018.2%4.6%21.2%37.6%16.0%0.3%2.8%957.3K-22.2M-37.0K0.2285.35N/AN/A46010111,7385,943
2024-05-13$25.71$22.0021.8%4.6%21.3%53.4%16.0%0.7%3.3%986.6K-20.2M-40.4K0.2072.47N/AN/A1,01420011,7755,981
2024-05-14$25.96$22.0023.8%4.6%21.0%62.0%16.6%0.9%3.3%1.0M-22.4M-43.7K0.9870.23N/AN/A929012,6016,100
2024-05-15$26.13$22.0015.3%4.4%20.9%25.2%15.6%0.9%4.2%953.2K-23.7M-40.9K0.2067.09N/AN/A1983912,5696,169
2024-05-16$26.37$22.0014.7%4.2%20.9%22.6%14.6%0.6%-4.6%893.3K-24.4M-39.8K0.1568.04N/AN/A1,59123212,5076,199
2024-05-17$26.73$22.0015.3%4.4%21.0%24.9%15.1%0.5%0.6%749.2K-25.2M-39.3K0.3871.16N/AN/A56821712,4536,401
2024-05-20$26.52$22.0014.0%4.0%21.4%19.4%14.4%2.0%1.3%558.8K-19.2M-44.4K0.1260.25N/AN/A3083710,6546,010
2024-05-21$26.38$24.0014.9%4.3%21.7%23.4%14.1%3.4%1.1%485.8K-13.8M-42.0K0.2470.32N/AN/A229548,5226,036
2024-05-22$26.29$24.0015.8%4.5%21.6%27.3%16.1%2.9%-0.2%497.6K-13.8M-41.4K0.9863.59N/AN/A1141128,5826,068
2024-05-23$26.18$24.0016.6%4.8%21.7%30.8%16.9%1.3%0.2%459.5K-12.9M-45.7K0.7673.15N/AN/A119908,6446,140
2024-05-24$26.51$24.0014.9%4.3%21.8%23.2%14.8%0.5%0.6%484.9K-14.2M-42.9K0.0556.72N/AN/A684348,6116,177
2024-05-28$26.19$24.0016.1%4.6%22.7%28.6%16.1%1.8%1.1%582.6K-13.3M-45.9K0.0265.85N/AN/A13039,2286,203
2024-05-29$25.64$24.0017.7%5.1%24.3%35.5%18.3%1.6%0.0%496.4K-11.2M-47.5K0.1469.34N/AN/A277389,3066,205
2024-05-30$25.66$24.0018.1%5.2%24.1%37.4%18.3%1.4%-0.2%510.1K-11.4M-47.0K0.2563.03N/AN/A298749,4076,217
2024-05-31$25.71$24.0017.2%4.9%24.0%33.2%17.2%1.2%0.3%523.9K-11.5M-47.8K0.0883.27N/AN/A373289,4866,289