MFC Options History — September 2025

In September 2025, MFC traded between $30.45 and $32.25. ATM implied volatility averaged 20.8%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 1.6% (HV 20d: 19.1%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2025-09-11: Highest Volume — 481 contracts
  • 2025-09-04: Largest IV drop — 17.7% change
  • 2025-09-02: Highest IV Rank — 14.1%
  • 2025-09-02: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.12$30.45$32.25$30.45$31.13
Max Pain$30.14$30.00$31.00$30.00$31.00
ATM IV20.8%18.9%23.7%23.7%21.4%
Expected Move5.9%5.3%6.8%6.8%6.1%
HV 20d19.1%15.3%21.5%20.5%19.5%
HV 60d20.3%18.8%21.1%20.2%18.8%
IV Rank8.6%4.9%14.1%14.1%9.7%
IV Percentile28.7%6.3%55.6%55.6%36.9%
Term Structure2.0%-3.0%3.3%-1.9%2.3%
VWIV21.1%18.7%24.2%23.7%21.6%
Skew 25d4.1%2.2%7.2%3.5%3.7%
Skew 10d9.3%3.6%16.4%9.6%4.4%
Call IV 25d19.0%16.7%21.8%21.8%19.2%
Put IV 25d23.1%21.4%28.0%25.3%22.9%
Bid-Ask Spread %58.0433.5772.3947.9762.94
Gamma HHI0.240.130.400.380.13
Net GEX58.0K-230.4K384.3K-204.7K201.2K
Net DEX-2.4M-6.4M324.0K324.0K-2.4M
Net VEX-22.5K-25.2K-20.2K-25.0K-24.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.013.043.040.01
Total Volume259.1937481190395
Total OI7,979.4294,9779,6588,4826,412

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$30.45$30.0023.7%6.8%20.5%14.1%23.7%3.5%-1.9%-204.7K324.0K-25.0K3.0447.97N/AN/A471434,1804,302
2025-09-03$30.47$30.0023.3%6.7%20.5%13.4%24.2%7.2%-3.0%-217.5K-22.0K-25.2K0.9357.17N/AN/A1161084,2124,345
2025-09-04$30.77$30.0019.2%5.5%20.2%5.5%20.1%5.2%2.7%-155.4K-774.9K-23.9K1.4245.72N/AN/A1171664,2144,349
2025-09-05$30.69$30.0020.2%5.6%16.0%7.4%20.4%4.9%2.7%-175.0K-383.5K-24.5K0.9550.62N/AN/A19184,2504,435
2025-09-08$30.71$30.0019.2%5.7%15.7%5.5%20.9%4.3%2.6%-230.4K-701.7K-22.5K1.5733.57N/AN/A1171844,2694,444
2025-09-09$30.91$30.0020.7%5.3%15.6%8.4%19.4%4.4%2.8%-156.9K-1.5M-23.0K0.3462.78N/AN/A44154,3544,583
2025-09-10$30.84$30.0019.6%5.6%15.3%6.3%19.8%4.3%2.3%-201.4K-1.1M-22.5K0.2762.30N/AN/A67184,3584,592
2025-09-11$31.76$30.0018.9%5.4%18.0%5.0%19.1%4.8%1.9%150.0K-4.3M-21.2K0.0759.44N/AN/A451304,3604,603
2025-09-12$31.81$30.0018.9%5.4%18.0%4.9%19.5%4.7%1.8%260.7K-5.1M-22.0K0.8668.99N/AN/A71614,7524,608
2025-09-15$32.25$30.0019.6%5.6%18.3%6.2%18.7%4.3%2.5%384.3K-6.4M-20.7K0.4063.61N/AN/A215874,7764,643
2025-09-16$31.35$30.0021.3%6.1%21.4%9.6%20.7%4.6%2.4%119.8K-3.8M-21.7K0.4851.59N/AN/A87424,8624,684
2025-09-17$31.13$30.0020.7%5.9%21.5%8.4%20.6%3.2%2.8%120.5K-3.2M-20.5K0.2263.86N/AN/A206464,8664,691
2025-09-18$31.46$31.0022.1%6.3%21.4%11.1%21.8%3.9%1.8%203.6K-4.1M-20.5K0.0553.14N/AN/A217104,8704,729
2025-09-19$31.64$30.0020.3%5.8%21.3%7.6%20.5%3.6%2.0%175.8K-4.9M-20.2K0.8863.58N/AN/A2532224,9264,732
2025-09-22$31.70$30.0020.4%5.8%19.9%7.8%21.7%3.9%3.3%179.7K-2.9M-20.8K0.6648.77N/AN/A2831882,8652,112
2025-09-23$31.16$30.0023.3%6.7%19.6%13.3%24.1%5.2%0.6%152.0K-2.2M-22.5K1.2951.39N/AN/A1011303,1312,259
2025-09-24$30.98$30.0021.6%6.2%19.7%10.2%22.7%2.8%2.4%141.0K-2.0M-22.6K0.2072.39N/AN/A332663,2322,339
2025-09-25$30.57$30.0021.4%6.1%19.8%9.6%22.6%3.2%3.1%126.0K-1.4M-23.2K1.3565.63N/AN/A62843,5572,363
2025-09-26$30.72$30.0020.0%5.7%19.6%7.1%20.3%2.3%3.1%146.5K-1.7M-23.5K0.0170.27N/AN/A45343,5722,386
2025-09-29$31.09$31.0020.7%5.9%20.0%8.4%20.6%2.2%3.3%198.6K-2.4M-23.4K0.2463.03N/AN/A135333,9622,389
2025-09-30$31.13$31.0021.4%6.1%19.5%9.7%21.6%3.7%2.3%201.2K-2.4M-24.0K0.0162.94N/AN/A39144,0142,398