MFC Options History — May 2025

In May 2025, MFC traded between $30.78 and $32.02. ATM implied volatility averaged 25.5%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 3.1% (HV 20d: 28.6%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2025-05-07: Highest Volume — 1,695 contracts
  • 2025-05-08: Largest IV drop — 26.5% change
  • 2025-05-06: Highest IV Rank — 43.7%
  • 2025-05-01: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.51$30.78$32.02$30.98$31.89
Max Pain$29.52$29.00$30.00$29.00$30.00
ATM IV25.5%19.4%37.9%33.4%20.3%
Expected Move6.7%5.6%9.6%9.6%5.8%
HV 20d28.6%16.8%61.3%61.3%19.7%
HV 60d42.3%40.0%44.1%43.6%40.0%
IV Rank20.5%8.0%43.7%35.4%8.0%
IV Percentile58.0%25.0%95.6%89.7%31.7%
Term Structure0.9%-6.3%3.7%-5.1%1.1%
VWIV25.1%19.2%35.3%35.0%28.7%
Skew 25d5.3%3.6%7.0%6.5%6.2%
Skew 10d11.0%6.3%18.9%10.3%9.5%
Call IV 25d21.5%17.5%31.3%31.3%17.5%
Put IV 25d26.8%22.0%37.8%37.8%23.7%
Bid-Ask Spread %56.4042.2573.3973.3950.71
Gamma HHI0.290.230.480.230.34
Net GEX585.7K350.0K1.4M416.1K570.8K
Net DEX-6.3M-8.5M-3.9M-5.2M-6.2M
Net VEX-37.2K-41.9K-34.5K-39.2K-35.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.042.020.910.05
Total Volume451.714791,695749325
Total OI11,388.95210,13913,02910,13911,388

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$30.98$29.0033.4%9.6%61.3%35.4%35.0%6.5%-5.1%416.1K-5.2M-39.2K0.9173.39N/AN/A3933567,1083,031
2025-05-02$31.52$30.0031.4%9.0%58.6%31.7%35.3%7.0%-6.3%496.9K-6.9M-41.9K0.4753.54N/AN/A2901357,4273,244
2025-05-05$31.38$29.0037.3%8.1%47.3%42.4%29.9%5.8%0.0%476.6K-6.5M-41.8K1.3042.25N/AN/A63827,5073,293
2025-05-06$31.24$29.0037.9%8.1%46.1%43.7%30.8%6.3%0.3%453.2K-5.9M-40.3K0.2650.09N/AN/A91247,5283,344
2025-05-07$31.33$29.0036.9%8.0%45.1%41.8%28.9%6.0%2.0%472.8K-6.3M-39.6K0.6260.03N/AN/A1,0476487,5783,350
2025-05-08$31.23$29.0027.1%6.9%35.1%24.0%24.5%5.5%2.9%589.2K-6.1M-37.9K0.3261.80N/AN/A3111018,3063,939
2025-05-09$30.78$29.0026.6%6.9%24.1%23.0%28.8%5.3%2.7%458.7K-4.8M-38.0K2.0255.06N/AN/A2054148,4373,938
2025-05-12$31.69$29.0026.7%6.0%24.0%23.1%22.6%4.8%2.8%788.4K-8.0M-38.8K0.5758.73N/AN/A148848,5394,198
2025-05-13$31.88$29.0025.6%5.8%21.4%21.2%21.6%4.6%3.4%865.7K-8.3M-36.1K0.9962.28N/AN/A1501488,5854,233
2025-05-14$31.64$29.0019.8%5.7%21.8%10.6%21.3%4.0%3.7%757.3K-7.3M-36.5K0.2163.26N/AN/A397858,6684,282
2025-05-15$31.89$29.0019.5%5.6%20.1%10.0%19.2%3.9%1.6%886.1K-8.3M-36.2K0.5264.95N/AN/A2751448,6174,297
2025-05-16$32.02$30.0019.4%5.6%20.1%9.9%20.7%3.6%1.7%1.4M-8.5M-35.8K0.5668.57N/AN/A3101758,6034,426
2025-05-19$32.02$30.0020.0%5.7%19.2%11.0%20.9%3.9%1.7%511.3K-6.5M-34.5K0.2946.91N/AN/A187547,1393,294
2025-05-20$31.93$30.0020.3%5.8%16.8%11.4%20.8%3.7%0.9%510.9K-6.5M-34.7K0.1455.19N/AN/A8821267,2213,331
2025-05-21$31.04$30.0023.1%6.6%19.8%16.6%22.8%6.3%1.1%350.0K-3.9M-35.2K0.5854.40N/AN/A2361367,1293,414
2025-05-22$30.96$30.0022.4%6.4%19.3%15.3%21.7%5.6%0.8%351.0K-4.0M-35.0K1.0754.22N/AN/A1041117,1963,427
2025-05-23$31.23$30.0023.6%6.8%19.5%16.1%23.3%5.9%0.5%415.5K-4.6M-36.3K0.2059.52N/AN/A66137,2173,435
2025-05-27$31.80$30.0021.3%6.1%20.2%11.9%26.2%6.0%1.2%523.5K-6.1M-35.3K0.7742.78N/AN/A2972297,2483,440
2025-05-28$31.52$30.0020.9%6.0%20.5%11.2%21.3%4.9%1.1%490.4K-5.4M-36.0K0.1154.76N/AN/A8097,3213,576
2025-05-29$31.79$30.0021.9%6.3%20.5%12.9%23.2%5.3%-0.1%546.5K-6.2M-36.6K0.0451.95N/AN/A533227,3333,581
2025-05-30$31.89$30.0020.3%5.8%19.7%8.0%28.7%6.2%1.1%570.8K-6.2M-35.7K0.0550.71N/AN/A309167,7973,591