MFC Options History — December 2025

In December 2025, MFC traded between $34.88 and $36.75. ATM implied volatility averaged 15.9%, placing in the 2.2% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 1.9% (HV 20d: 14.0%). Max pain ranged from $33.00 to $42.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.90.

Notable Days

  • 2025-12-19: Highest Volume — 753 contracts
  • 2025-12-29: Largest IV spike — 18.6% change
  • 2025-12-08: Highest IV Rank — 6.9%
  • 2025-12-01: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.87$34.88$36.75$35.36$36.45
Max Pain$39.32$33.00$42.00$33.00$42.00
ATM IV15.9%11.7%19.9%19.0%14.8%
Expected Move4.5%3.3%5.5%5.5%4.3%
HV 20d14.0%10.0%17.8%16.7%10.0%
HV 60d15.7%14.2%17.6%17.4%14.2%
IV Rank2.2%0.0%6.9%5.2%5.5%
IV Percentile2.4%0.0%17.5%7.1%2.4%
Term Structure3.0%-0.7%7.0%0.2%2.7%
VWIV17.0%12.4%26.0%19.7%12.4%
Skew 25d3.1%1.3%5.0%2.9%3.2%
Skew 10d8.8%1.9%16.9%12.4%1.9%
Call IV 25d15.2%12.2%19.3%17.9%12.9%
Put IV 25d18.3%15.6%21.3%20.8%16.1%
Bid-Ask Spread %81.1555.1795.3055.1777.98
Gamma HHI0.220.150.560.180.15
Net GEX520.1K214.7K718.7K634.1K250.7K
Net DEX-7.3M-9.9M-4.9M-8.3M-4.9M
Net VEX-22.1K-26.3K-18.4K-25.8K-19.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.006.670.220.00
Total Volume163.8641775316430
Total OI7,450.7274,3609,3118,2464,525

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$35.36$33.0019.0%5.5%16.7%5.2%19.7%2.9%0.2%634.1K-8.3M-25.8K0.2255.17N/AN/A134305,2642,982
2025-12-02$35.09$33.0018.5%5.3%16.9%4.2%18.7%2.4%0.1%588.3K-7.5M-26.3K0.6563.93N/AN/A54355,3252,999
2025-12-03$35.09$33.0018.3%5.2%16.9%3.7%15.0%3.6%-0.7%599.1K-7.7M-25.2K0.1572.81N/AN/A4775,3723,032
2025-12-04$35.28$34.0018.0%5.2%16.5%3.3%18.0%5.0%2.5%663.8K-8.4M-25.4K0.0877.09N/AN/A153125,4003,037
2025-12-05$35.34$34.0018.4%5.0%16.5%4.0%17.3%1.3%2.9%623.1K-8.2M-25.0K0.0281.76N/AN/A5915,4143,043
2025-12-08$34.88$34.0019.9%5.0%17.4%6.9%17.9%4.2%2.5%589.1K-7.5M-24.3K0.1976.11N/AN/A72145,4423,043
2025-12-09$35.28$34.0019.4%5.1%17.7%5.9%18.8%3.1%3.8%643.1K-8.3M-24.2K2.6383.98N/AN/A1423745,4973,053
2025-12-10$35.58$42.0015.9%4.6%17.8%0.0%18.8%4.7%2.7%672.7K-8.0M-22.7K1.4088.51N/AN/A58815,5713,427
2025-12-11$35.64$42.0015.6%4.5%15.5%0.0%16.4%2.4%3.6%691.4K-8.2M-23.1K2.7787.10N/AN/A982715,6223,507
2025-12-12$35.52$42.0015.7%4.5%15.6%0.2%15.3%4.1%2.8%673.9K-7.7M-23.3K1.6283.57N/AN/A34555,6813,517
2025-12-15$35.70$42.0015.4%4.4%15.6%0.0%17.4%4.0%3.3%700.1K-8.2M-22.2K0.0379.96N/AN/A6725,6843,571
2025-12-16$35.92$42.0015.2%4.3%12.5%0.0%15.8%3.2%3.6%718.7K-8.7M-22.1K0.0785.60N/AN/A8065,7223,572
2025-12-17$35.77$42.0015.4%4.4%12.5%0.4%17.2%4.1%3.3%649.3K-8.3M-21.7K0.3985.70N/AN/A62245,6883,577
2025-12-18$36.22$42.0015.7%4.5%12.7%1.0%20.7%2.0%3.0%698.4K-9.3M-20.9K0.8582.18N/AN/A2872435,6933,599
2025-12-19$36.20$42.0014.9%4.3%12.8%0.0%15.9%3.0%3.7%673.0K-9.9M-19.5K0.0089.89N/AN/A75125,7113,600
2025-12-22$36.52$42.0013.6%3.9%11.9%0.0%14.7%2.6%3.0%214.7K-5.0M-20.0K0.1479.47N/AN/A5172,7481,612
2025-12-23$36.71$42.0013.3%3.8%11.5%0.0%14.6%2.5%4.3%219.7K-5.4M-18.4K0.1795.30N/AN/A65112,7921,619
2025-12-24$36.70$42.0014.2%4.1%11.1%1.6%14.4%3.0%2.8%224.0K-5.3M-19.6K6.6793.16N/AN/A3202,8181,627
2025-12-26$36.59$42.0011.7%3.3%10.5%0.0%14.6%3.5%7.0%235.6K-5.4M-18.5K0.0093.95N/AN/A1702,8421,639
2025-12-29$36.75$42.0013.9%4.0%10.1%3.8%13.9%1.4%4.0%231.3K-5.4M-19.3K0.5472.73N/AN/A50272,8531,639
2025-12-30$36.63$42.0013.1%3.8%10.3%2.6%26.0%2.3%4.1%249.1K-5.3M-19.3K1.2379.30N/AN/A31382,8911,666
2025-12-31$36.45$42.0014.8%4.3%10.0%5.5%12.4%3.2%2.7%250.7K-4.9M-19.2K0.0077.98N/AN/A3002,8521,673