MFC Options History — July 2024

In July 2024, MFC traded between $25.69 and $27.24. ATM implied volatility averaged 21.9%, placing in the 53.8% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 2.9% (HV 20d: 19.0%). Max pain ranged from $25.00 to $28.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2024-07-09: Highest Volume — 5,646 contracts
  • 2024-07-10: Largest IV spike — 26.5% change
  • 2024-07-30: Highest IV Rank — 74.8%
  • 2024-07-30: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.49$25.69$27.24$26.34$26.70
Max Pain$27.32$25.00$28.00$25.00$28.00
ATM IV21.9%16.7%26.7%18.1%25.2%
Expected Move6.4%5.2%7.7%5.2%7.2%
HV 20d19.0%14.0%21.8%21.0%15.8%
HV 60d20.0%19.2%21.0%20.9%20.2%
IV Rank53.8%31.2%74.8%37.3%68.0%
IV Percentile68.2%18.3%95.2%39.7%88.5%
Term Structure-1.2%-4.7%3.6%3.6%-4.7%
VWIV22.9%17.5%38.2%18.1%25.6%
Skew 25d2.7%0.6%4.6%2.0%3.6%
Skew 10d5.0%-9.1%16.1%-0.3%-9.1%
Call IV 25d21.3%14.9%26.7%18.1%24.9%
Put IV 25d24.1%18.2%28.5%20.1%28.5%
Bid-Ask Spread %64.9044.9377.1159.4772.67
Gamma HHI0.210.170.230.220.18
Net GEX588.3K472.6K736.8K473.1K736.8K
Net DEX-12.6M-17.9M-6.3M-14.4M-13.5M
Net VEX-61.8K-71.8K-50.1K-58.7K-66.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.012.230.630.07
Total Volume596.9551135,646365400
Total OI21,020.13616,36023,95516,36023,955

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$26.34$25.0018.1%5.2%21.0%37.3%18.1%2.0%3.6%473.1K-14.4M-58.7K0.6359.47N/AN/A22414111,0335,327
2024-07-02$26.46$25.0018.1%5.2%21.0%37.1%17.5%4.3%3.5%472.6K-14.8M-58.7K0.4463.14N/AN/A1727511,0625,389
2024-07-03$26.84$25.0018.0%5.2%21.4%36.9%17.7%0.8%3.2%504.9K-17.1M-54.0K0.0265.22N/AN/A7581511,0875,403
2024-07-05$26.73$26.0017.8%6.1%21.5%36.1%21.1%3.4%-0.3%602.4K-17.0M-54.3K0.0170.52N/AN/A501511,4795,404
2024-07-08$27.05$26.0018.5%6.3%21.8%38.8%20.7%2.8%-0.4%575.8K-17.9M-52.8K0.1066.96N/AN/A1521511,2695,406
2024-07-09$26.95$26.0016.7%6.0%21.8%31.2%19.3%3.2%-0.6%595.1K-17.8M-50.1K0.9271.40N/AN/A2,9452,70111,3635,417
2024-07-10$27.09$28.0021.1%6.1%21.5%50.5%20.2%3.4%-0.0%583.0K-16.6M-66.1K0.2368.79N/AN/A1884313,9848,054
2024-07-11$27.24$28.0021.1%6.1%20.5%50.5%21.0%2.8%-0.7%596.1K-16.4M-71.8K0.0563.35N/AN/A3391814,0828,040
2024-07-12$27.20$28.0020.5%5.9%20.5%47.6%19.9%1.5%-0.1%640.7K-16.3M-70.2K0.0257.89N/AN/A260614,1108,054
2024-07-15$27.04$28.0021.3%6.1%18.7%51.1%21.1%4.0%-1.3%614.2K-15.6M-66.6K0.5262.31N/AN/A995114,2648,054
2024-07-16$26.80$28.0021.9%6.3%18.9%53.6%21.7%2.6%-1.5%605.6K-13.5M-64.6K0.2562.82N/AN/A1994914,2718,063
2024-07-17$26.41$28.0023.5%6.7%19.1%61.0%23.3%1.6%-2.5%538.4K-11.0M-63.7K0.3071.09N/AN/A2246714,3028,106
2024-07-18$26.07$28.0022.9%6.6%19.8%58.1%24.5%2.8%-1.5%528.8K-9.0M-62.6K0.1965.93N/AN/A1713214,4598,085
2024-07-19$25.95$28.0023.4%6.7%19.7%60.3%23.6%2.2%-1.4%487.5K-8.3M-63.2K0.3277.11N/AN/A1233914,5268,203
2024-07-22$26.19$28.0023.4%6.7%19.8%60.2%24.1%3.8%-2.5%597.8K-9.5M-55.3K0.3073.10N/AN/A2306913,9747,715
2024-07-23$26.12$28.0024.1%6.9%18.1%63.3%24.6%3.0%-2.0%604.5K-8.0M-57.6K2.2361.90N/AN/A357814,1387,776
2024-07-24$25.69$28.0024.7%7.1%18.7%66.2%25.0%3.3%-3.4%556.5K-6.3M-57.0K0.0269.40N/AN/A1,6704014,1537,773
2024-07-25$25.86$28.0024.5%7.0%16.5%65.0%24.9%1.7%-2.6%609.8K-7.5M-68.9K0.4265.82N/AN/A24110115,5547,781
2024-07-26$25.98$28.0025.0%7.2%14.1%67.4%25.1%2.1%-3.4%661.0K-9.0M-64.9K1.0265.35N/AN/A828415,7517,871
2024-07-29$25.89$28.0025.5%7.3%14.0%69.4%25.9%4.6%-4.0%665.1K-8.0M-62.5K1.1944.93N/AN/A12815215,8057,949
2024-07-30$26.20$28.0026.7%7.7%14.4%74.8%38.2%0.6%-4.4%692.7K-10.1M-69.8K0.2348.62N/AN/A1723915,8658,087
2024-07-31$26.70$28.0025.2%7.2%15.8%68.0%25.6%3.6%-4.7%736.8K-13.5M-66.5K0.0772.67N/AN/A3742615,8138,142