MFC Options History — March 2025

In March 2025, MFC traded between $28.42 and $31.44. ATM implied volatility averaged 26.1%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 9.7% (HV 20d: 35.8%). Max pain ranged from $29.00 to $31.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.92.

Notable Days

  • 2025-03-04: Highest Volume — 2,892 contracts
  • 2025-03-10: Largest IV spike — 20.8% change
  • 2025-03-10: Highest IV Rank — 75.3%
  • 2025-03-10: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.06$28.42$31.44$30.40$31.21
Max Pain$29.68$29.00$31.00$29.00$31.00
ATM IV26.1%22.3%35.4%26.1%26.7%
Expected Move7.7%4.8%10.1%7.5%7.8%
HV 20d35.8%30.1%42.8%34.8%30.6%
HV 60d27.1%25.0%28.4%25.0%28.1%
IV Rank42.7%29.1%75.3%42.5%44.9%
IV Percentile76.5%55.2%97.6%81.7%84.1%
Term Structure-0.0%-8.3%1.9%-1.9%0.8%
VWIV27.0%23.1%35.7%24.8%29.8%
Skew 25d3.9%2.1%5.4%2.8%4.2%
Skew 10d10.3%0.3%18.3%0.3%15.6%
Call IV 25d23.5%20.0%28.5%24.6%25.1%
Put IV 25d27.4%23.1%32.3%27.4%29.3%
Bid-Ask Spread %70.2339.71120.0979.1039.71
Gamma HHI0.220.170.300.180.24
Net GEX471.5K311.9K692.7K687.7K425.3K
Net DEX-3.7M-8.6M1.9M-8.6M-4.8M
Net VEX-38.2K-42.1K-34.7K-42.1K-39.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.920.0515.550.940.17
Total Volume435.048572,892128274
Total OI13,822.0958,14516,20416,1579,095

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$30.40$29.0026.1%7.5%34.8%42.5%24.8%2.8%-1.9%687.7K-8.6M-42.1K0.9479.10N/AN/A666211,4284,729
2025-03-04$29.39$29.0026.2%7.5%36.1%43.1%25.4%2.1%-1.0%567.6K-3.5M-37.4K0.1476.12N/AN/A2,54834411,4504,754
2025-03-05$29.80$29.0025.4%7.3%36.2%40.0%25.8%4.0%-0.1%572.4K-3.4M-41.0K1.4087.13N/AN/A28339710,5354,865
2025-03-06$29.38$29.0029.4%8.4%36.5%54.2%29.5%3.1%0.0%503.9K-1.8M-40.8K1.1982.73N/AN/A19423110,7154,943
2025-03-07$29.21$29.0029.3%8.4%36.5%53.9%29.3%3.4%0.9%480.3K-946.9K-40.2K15.5583.87N/AN/A2234210,6895,048
2025-03-10$28.49$29.0035.4%10.1%37.3%75.3%35.7%3.8%-0.8%343.1K1.9M-37.2K1.8286.41N/AN/A16930810,6935,227
2025-03-11$28.61$29.0029.1%9.2%37.3%53.3%35.1%4.8%-0.8%402.3K915.2K-38.6K1.0387.59N/AN/A10410710,8155,069
2025-03-12$29.23$29.0027.8%8.9%38.2%48.5%33.7%3.2%0.0%531.0K-1.5M-39.6K0.1585.05N/AN/A751110,8685,052
2025-03-13$28.42$29.0029.7%9.1%39.4%55.3%23.7%4.0%-1.1%407.2K1.4M-36.2K4.2086.10N/AN/A3012610,9065,055
2025-03-14$29.34$29.0026.6%8.3%41.2%44.3%28.8%4.4%-0.3%609.9K-1.9M-39.9K0.9488.69N/AN/A10610010,9124,999
2025-03-17$30.23$30.0024.6%7.4%42.5%37.4%26.2%4.4%1.2%648.7K-6.2M-37.9K2.5943.67N/AN/A9023310,9495,041
2025-03-18$29.98$30.0025.0%7.4%42.4%38.9%23.4%4.9%0.8%692.7K-5.0M-36.7K3.2843.94N/AN/A5819010,9815,042
2025-03-19$30.61$30.0023.1%7.0%42.8%32.1%24.3%5.4%0.9%566.8K-8.1M-37.9K5.0644.09N/AN/A8543011,0005,147
2025-03-20$30.64$0.0023.2%4.8%34.4%32.4%0.0%4.6%-8.3%407.2K-8.3M-36.8K0.37120.09N/AN/A1154211,0195,151
2025-03-21$30.48$0.0024.1%7.3%30.1%35.7%23.8%3.9%1.5%311.9K-7.7M-34.7K0.0561.59N/AN/A5483011,0365,167
2025-03-24$31.30$30.0022.3%6.8%31.4%29.1%23.1%3.4%1.7%333.4K-3.8M-36.3K0.1353.18N/AN/A284365,3882,757
2025-03-25$31.44$30.0022.5%6.9%31.1%30.0%23.7%3.1%1.7%381.2K-4.5M-37.1K0.8758.24N/AN/A1341165,5562,736
2025-03-26$31.13$31.0023.6%7.0%31.3%33.8%24.4%4.2%0.9%341.0K-3.6M-37.3K0.1464.17N/AN/A5075,6292,799
2025-03-27$31.21$31.0023.5%7.3%31.3%33.4%25.0%4.3%1.8%366.0K-4.0M-37.7K0.2653.99N/AN/A133355,6712,802
2025-03-28$30.80$31.0025.0%7.7%31.3%38.7%24.2%3.7%1.9%321.5K-3.3M-36.9K0.1449.44N/AN/A543785,7622,784
2025-03-31$31.21$31.0026.7%7.8%30.6%44.9%29.8%4.2%0.8%425.3K-4.8M-39.5K0.1739.71N/AN/A235396,2452,850