MFC Options History — February 2026

In February 2026, MFC traded between $35.45 and $38.33. ATM implied volatility averaged 23.5%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 1.2% (HV 20d: 24.7%). Max pain ranged from $31.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.94.

Notable Days

  • 2026-02-24: Highest Volume — 2,157 contracts
  • 2026-02-11: Largest IV drop — 27.2% change
  • 2026-02-10: Highest IV Rank — 34.4%
  • 2026-02-03: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.94$35.45$38.33$38.31$35.53
Max Pain$32.68$31.00$35.00$35.00$35.00
ATM IV23.5%18.7%31.3%26.1%19.4%
Expected Move6.4%5.4%7.7%7.5%5.6%
HV 20d24.7%18.6%29.2%20.1%27.8%
HV 60d18.8%16.1%20.7%16.1%20.7%
IV Rank20.7%12.4%34.4%25.3%13.6%
IV Percentile51.4%13.1%87.7%72.2%22.2%
Term Structure-0.8%-4.8%4.0%-4.4%-0.5%
VWIV22.7%18.3%26.7%25.1%22.1%
Skew 25d4.8%3.3%6.5%5.3%5.6%
Skew 10d13.3%5.4%22.0%21.8%14.0%
Call IV 25d21.1%17.1%26.0%23.4%18.2%
Put IV 25d25.9%22.6%30.9%28.7%23.8%
Bid-Ask Spread %73.5960.5484.8966.8477.99
Gamma HHI0.270.100.500.480.12
Net GEX376.1K59.8K778.0K661.4K59.8K
Net DEX-6.0M-10.6M-1.1M-10.1M-1.1M
Net VEX-25.0K-32.0K-19.6K-22.7K-32.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.003.310.200.29
Total Volume388.421302,15742472
Total OI7,805.6326,3449,8717,2786,441

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$38.31$35.0026.1%7.5%20.1%25.3%25.1%5.3%-4.4%661.4K-10.1M-22.7K0.2066.84N/AN/A3574,5672,711
2026-02-03$37.91$35.0027.0%7.7%20.1%26.8%24.8%6.0%-4.8%607.4K-9.3M-22.5K1.2760.54N/AN/A861094,5772,716
2026-02-04$37.83$35.0026.7%7.7%19.2%26.3%26.7%3.7%-4.1%624.6K-8.9M-23.3K0.4784.89N/AN/A3601684,6282,817
2026-02-05$37.22$31.0028.0%7.3%18.6%28.6%24.7%5.7%-3.7%528.7K-7.8M-24.1K0.0974.39N/AN/A3334,7902,965
2026-02-06$38.05$31.0027.3%6.8%19.7%27.3%21.4%4.5%4.0%680.7K-9.5M-22.7K0.0079.83N/AN/A32504,7912,967
2026-02-09$38.10$31.0030.1%6.6%19.4%32.3%22.3%4.3%-0.2%717.2K-9.8M-21.9K0.2774.96N/AN/A159435,0512,967
2026-02-10$38.33$31.0031.3%6.7%19.3%34.4%23.0%5.5%-2.3%778.0K-10.6M-21.5K0.7779.04N/AN/A100775,2012,979
2026-02-11$38.00$31.0022.8%6.5%19.0%19.5%25.3%3.8%-1.0%756.7K-9.3M-21.8K1.1379.27N/AN/A1261435,2283,030
2026-02-12$35.92$31.0021.7%6.2%27.6%17.5%22.9%5.0%0.6%203.8K-4.3M-19.9K0.7778.51N/AN/A1631265,1973,050
2026-02-13$36.59$31.0021.2%6.1%28.3%16.6%23.9%3.3%0.2%269.8K-5.3M-19.6K0.5670.31N/AN/A2191235,2893,099
2026-02-17$37.16$32.0021.0%6.0%28.9%16.4%21.7%4.6%0.3%360.3K-6.4M-20.0K1.3171.18N/AN/A3504585,4503,181
2026-02-18$36.95$32.0020.7%5.9%28.0%15.8%22.1%4.4%0.6%216.8K-4.8M-25.9K0.1177.91N/AN/A131145,7223,715
2026-02-19$36.27$32.0021.0%6.0%28.3%16.3%21.9%3.7%0.2%127.8K-4.1M-25.5K3.3161.77N/AN/A1244115,8433,705
2026-02-20$36.63$33.0018.8%5.4%28.4%12.5%19.0%4.0%0.5%168.7K-4.5M-27.9K3.2981.11N/AN/A692275,8763,995
2026-02-23$35.95$33.0022.5%6.5%29.2%19.0%25.0%5.5%-0.6%115.7K-2.9M-30.0K1.0760.86N/AN/A1221303,3882,993
2026-02-24$35.72$33.0019.7%5.7%29.1%14.1%18.3%6.5%0.3%111.0K-2.5M-30.8K0.0468.40N/AN/A2,084733,4843,123
2026-02-25$35.45$34.0022.1%6.3%28.8%18.3%21.6%4.1%-1.2%83.6K-1.2M-31.5K2.2271.89N/AN/A871933,1733,171
2026-02-26$35.86$35.0018.7%5.4%28.9%12.4%20.2%5.5%0.2%74.2K-1.7M-31.9K0.6778.56N/AN/A18123,1613,266
2026-02-27$35.53$35.0019.4%5.6%27.8%13.6%22.1%5.6%-0.5%59.8K-1.1M-32.0K0.2977.99N/AN/A3651073,1743,267