MLN Options History — August 2023

In August 2023, MLN traded between $17.24 and $17.84. ATM implied volatility averaged 37.1%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 30.4% (HV 20d: 6.8%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 19 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 1.25.

Notable Days

  • 2023-08-21: Highest Volume — 14 contracts
  • 2023-08-29: Largest IV spike — 133.8% change
  • 2023-08-31: Highest IV Rank — 44.2%
  • 2023-08-31: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.51$17.24$17.84$17.84$17.44
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV37.1%21.4%53.7%44.5%53.7%
Expected Move10.2%5.9%15.4%12.8%15.4%
HV 20d6.8%5.0%7.7%5.0%6.2%
HV 60d6.6%6.2%6.9%6.2%6.4%
IV Rank27.2%11.1%44.2%34.8%44.2%
IV Percentile61.5%20.7%93.5%80.5%93.5%
Term Structure-11.0%-37.3%14.9%-28.0%-32.3%
VWIV21.1%21.1%21.1%21.1%21.1%
Skew 25d2.1%-17.3%28.6%16.0%0.8%
Skew 10d2.6%-30.2%33.8%7.2%2.0%
Call IV 25d36.5%19.1%69.1%33.7%49.6%
Put IV 25d38.6%19.1%70.7%49.7%50.5%
Bid-Ask Spread %136.67124.34144.11134.70142.58
Gamma HHI0.600.291.001.000.35
Net GEX103-442091140
Net DEX-942-2.0K1.3K-1.2K-720
Net VEX-24-64-5-6-54
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.002.500.002.50
Total Volume0.65201400
Total OI7.261216216

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$17.84$0.0044.5%12.8%5.0%34.8%0.0%16.0%-28.0%114-1.2K-60.00134.70N/AN/A0020
2023-08-02$17.76$0.0034.2%9.8%5.2%24.2%0.0%5.2%-11.5%110-1.1K-60.00128.04N/AN/A0020
2023-08-03$17.54$0.0048.4%8.4%6.5%38.8%0.0%0.0%-5.0%104-970-50.00142.28N/AN/A0020
2023-08-04$17.61$0.0034.6%5.9%6.7%24.6%0.0%0.0%-3.8%117-865-50.00126.49N/AN/A0020
2023-08-07$17.52$0.0022.1%9.7%6.9%11.8%0.0%-0.2%-22.5%106-894-50.00137.67N/AN/A1020
2023-08-08$17.58$0.0037.6%6.0%7.0%27.7%0.0%0.0%-4.4%209-1.6K-60.00124.34N/AN/A0030
2023-08-09$17.64$0.0033.1%9.5%7.1%23.1%0.0%-0.2%-7.5%169-1.8K-70.00133.62N/AN/A0030
2023-08-10$17.59$0.0032.5%9.3%6.8%22.4%0.0%0.5%-5.6%185-1.6K-60.00129.80N/AN/A0030
2023-08-11$17.57$0.0021.9%6.3%6.8%11.6%0.0%-2.7%7.5%172-1.8K-60.00134.26N/AN/A0030
2023-08-14$17.59$0.0033.8%9.7%6.8%23.8%0.0%28.6%-6.2%163-1.8K-60.00140.62N/AN/A0030
2023-08-15$17.64$0.0030.1%8.6%6.8%20.0%0.0%-0.1%14.9%173-2.0K-60.00132.54N/AN/A0030
2023-08-16$17.61$0.0036.8%10.5%6.6%26.9%0.0%12.0%3.2%158-2.0K-60.00142.03N/AN/A0030
2023-08-17$17.47$0.0038.5%11.0%7.0%28.6%0.0%-17.3%-15.9%135-1.9K-60.00143.97N/AN/A0030
2023-08-18$17.45$0.0039.2%11.2%6.9%29.4%0.0%0.3%-15.8%91-1.0K-50.00133.91N/AN/A0030
2023-08-21$17.34$0.0041.8%12.0%7.1%32.0%21.1%1.9%-21.1%89-923-52.50142.76N/AN/A41020
2023-08-22$17.34$18.0035.4%10.2%7.1%25.5%0.0%-3.0%-19.1%1831.3K-640.00138.32N/AN/A00610
2023-08-23$17.34$18.0045.1%12.9%6.6%35.3%0.0%-8.8%-25.6%-44-436-560.00142.30N/AN/A00610
2023-08-24$17.24$18.0021.4%6.1%6.7%11.1%0.0%0.3%5.4%20264-550.00140.92N/AN/A00610
2023-08-25$17.32$18.0048.0%13.8%7.1%38.3%0.0%-4.3%-22.0%0296-590.00142.58N/AN/A00610
2023-08-28$17.33$18.0022.6%6.5%7.1%12.3%0.0%-10.1%11.1%74493-580.00136.25N/AN/A00610
2023-08-29$17.45$18.0052.9%15.2%7.7%43.4%0.0%23.8%-37.3%-10-770-550.00144.11N/AN/A00610
2023-08-30$17.45$18.0045.7%13.1%7.6%36.0%0.0%4.7%-10.8%53-640-540.00129.42N/AN/A00610
2023-08-31$17.44$18.0053.7%15.4%6.2%44.2%0.0%0.8%-32.3%0-720-540.00142.58N/AN/A00610