MFC Options History — November 2025

In November 2025, MFC traded between $32.86 and $35.25. ATM implied volatility averaged 23.2%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 7.7% (HV 20d: 15.5%). Max pain ranged from $31.00 to $33.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2025-11-25: Highest Volume — 3,606 contracts
  • 2025-11-12: Largest IV drop — 20.5% change
  • 2025-11-05: Highest IV Rank — 27.1%
  • 2025-11-05: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.98$32.86$35.25$32.91$35.25
Max Pain$31.37$31.00$33.00$32.00$33.00
ATM IV23.2%17.4%30.5%29.2%18.7%
Expected Move6.3%5.0%8.8%8.4%5.4%
HV 20d15.5%12.9%17.4%15.3%16.8%
HV 60d17.3%17.0%17.8%17.2%17.5%
IV Rank13.2%2.2%27.1%24.6%4.7%
IV Percentile40.2%0.4%86.1%82.5%2.8%
Term Structure-0.3%-9.7%2.9%-4.0%1.1%
VWIV22.8%17.4%32.6%27.4%18.9%
Skew 25d4.2%1.9%7.4%7.4%3.1%
Skew 10d13.0%2.3%28.4%28.4%19.0%
Call IV 25d20.6%16.9%28.2%25.8%17.9%
Put IV 25d24.8%20.3%33.2%33.2%20.9%
Bid-Ask Spread %54.9437.5968.1852.4946.99
Gamma HHI0.200.150.280.180.16
Net GEX606.8K390.1K806.3K390.1K557.0K
Net DEX-9.9M-13.2M-6.7M-6.8M-7.4M
Net VEX-27.0K-33.5K-20.1K-33.2K-25.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.023.580.380.24
Total Volume520.211533,606242377
Total OI10,734.8427,90912,29710,4137,952

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$32.91$32.0029.2%8.4%15.3%24.6%27.4%7.4%-4.0%390.1K-6.8M-33.2K0.3852.49N/AN/A176667,0483,365
2025-11-04$32.86$32.0029.2%8.4%14.9%24.7%29.6%5.4%-5.8%391.0K-6.8M-33.5K0.1637.59N/AN/A77127,1553,421
2025-11-05$33.28$32.0030.5%8.8%15.1%27.1%32.6%1.9%-9.7%430.4K-8.2M-30.4K0.2455.34N/AN/A130317,1673,430
2025-11-06$33.22$31.0029.0%6.9%13.7%24.1%19.9%4.7%-0.3%465.2K-8.0M-32.7K0.5453.15N/AN/A136747,2753,429
2025-11-07$33.36$31.0029.1%6.6%13.5%24.4%23.6%6.3%1.3%478.3K-8.1M-32.0K0.1368.18N/AN/A4767,3043,486
2025-11-10$33.53$31.0029.7%6.3%13.2%25.5%26.3%3.2%1.6%534.0K-9.1M-30.7K0.0266.56N/AN/A35387,3223,489
2025-11-11$33.59$31.0029.7%6.2%12.9%25.5%22.8%4.9%0.6%553.6K-9.5M-29.5K0.2564.31N/AN/A5201307,6123,494
2025-11-12$34.49$31.0023.6%6.8%14.7%13.9%22.5%5.2%-1.2%656.8K-12.1M-27.9K0.3052.42N/AN/A7812327,9163,577
2025-11-13$34.52$31.0018.9%5.4%13.6%5.0%19.3%3.7%2.9%752.4K-13.2M-24.7K0.1953.23N/AN/A5551058,2183,673
2025-11-14$34.42$31.0019.9%5.7%13.8%6.8%18.9%3.8%2.5%745.2K-12.6M-25.7K0.3168.06N/AN/A89288,1843,651
2025-11-17$33.63$31.0020.2%5.8%16.8%7.4%25.4%2.4%2.4%739.0K-10.3M-24.5K0.4763.04N/AN/A187888,2053,648
2025-11-18$33.50$31.0020.6%5.9%17.0%8.2%21.8%3.9%1.5%742.5K-9.9M-24.0K0.2657.75N/AN/A134358,3103,634
2025-11-19$33.81$31.0020.5%5.9%17.1%8.0%20.7%3.4%0.9%788.1K-10.8M-23.6K0.0750.98N/AN/A11388,3423,632
2025-11-20$33.85$31.0020.0%5.7%17.1%7.1%22.4%3.1%-0.9%806.3K-11.0M-23.0K3.5854.03N/AN/A1083878,3613,638
2025-11-21$34.45$31.0019.4%5.6%17.4%5.9%20.4%4.3%0.1%642.4K-12.9M-22.8K0.0355.35N/AN/A23978,3643,933
2025-11-24$34.84$31.0017.7%5.1%17.4%2.7%17.4%5.3%0.4%626.6K-11.5M-20.1K0.0941.03N/AN/A894835,8572,704
2025-11-25$35.22$31.0018.2%5.2%17.3%3.6%20.1%4.8%0.5%696.9K-12.4M-24.5K0.0452.79N/AN/A3,4671396,4722,785
2025-11-26$34.90$33.0017.4%5.0%17.2%2.2%22.6%3.3%0.6%534.2K-6.7M-24.7K0.7250.62N/AN/A36264,9912,918
2025-11-28$35.25$33.0018.7%5.4%16.8%4.7%18.9%3.1%1.1%557.0K-7.4M-25.6K0.2446.99N/AN/A304735,0132,939