MLN Options History — February 2025

In February 2025, MLN traded between $17.66 and $17.98. ATM implied volatility averaged 49.1%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 43.3% (HV 20d: 5.8%). Max pain ranged from $19.00 to $21.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-02-25: Highest Volume — 151 contracts
  • 2025-02-07: Largest IV spike — 34.5% change
  • 2025-02-11: Highest IV Rank — 41.0%
  • 2025-02-03: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.82$17.66$17.98$17.77$17.98
Max Pain$19.53$19.00$21.00$21.00$19.00
ATM IV49.1%41.4%63.4%57.6%49.6%
Expected Move12.9%10.7%16.5%16.5%14.2%
HV 20d5.8%4.9%6.2%5.5%6.0%
HV 60d6.1%5.5%7.3%7.3%6.0%
IV Rank28.6%22.0%41.0%36.0%29.1%
IV Percentile56.4%29.4%88.9%79.4%62.3%
Term Structure-8.9%-18.6%2.7%-18.6%-13.5%
VWIV19.3%19.3%19.3%19.3%19.3%
Skew 25d-8.1%-42.7%16.1%-27.4%-14.0%
Skew 10d6.9%-29.7%51.1%-21.8%51.1%
Call IV 25d45.4%15.9%71.0%40.8%42.6%
Put IV 25d37.4%10.7%63.1%13.4%28.6%
Bid-Ask Spread %162.19150.53169.72158.00169.72
Gamma HHI0.650.481.001.000.53
Net GEX11.2K7.9K15.2K8.1K15.2K
Net DEX-103.9K-150.1K-58.9K-60.7K-140.1K
Net VEX-403-629-278-294-563
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume23.895015100
Total OI378.947251477315432

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$17.77$21.0057.6%16.5%5.5%36.0%0.0%-27.4%-18.6%8.1K-60.7K-2940.00158.00N/AN/A003150
2025-02-04$17.80$21.0048.7%14.0%5.5%28.3%0.0%-34.2%1.6%7.9K-58.9K-3000.00159.64N/AN/A003150
2025-02-05$17.91$21.0045.0%12.9%5.9%25.1%0.0%-42.7%2.7%8.4K-66.3K-3190.00161.41N/AN/A003150
2025-02-06$17.89$21.0046.5%10.7%5.9%26.4%0.0%-25.9%-6.5%8.6K-71.9K-3260.00167.86N/AN/A003150
2025-02-07$17.84$21.0062.5%10.8%5.6%40.3%19.3%-9.8%-6.6%8.9K-78.3K-3370.00169.33N/AN/A10003150
2025-02-10$17.81$19.0058.4%11.1%5.1%36.7%0.0%-9.4%-6.6%12.4K-71.2K-2780.00156.95N/AN/A004150
2025-02-11$17.80$19.0063.4%11.9%4.9%41.0%0.0%0.8%-6.8%12.5K-132.8K-5070.00167.60N/AN/A004150
2025-02-12$17.66$19.0042.6%12.2%5.8%23.1%0.0%3.3%-8.1%12.5K-142.8K-5280.00168.25N/AN/A004150
2025-02-13$17.77$19.0041.4%11.9%5.7%22.0%0.0%-3.3%-7.0%12.9K-118.0K-4440.00161.39N/AN/A004150
2025-02-14$17.80$19.0043.2%12.4%5.7%23.5%0.0%1.2%-8.3%12.8K-137.1K-4860.00169.29N/AN/A004150
2025-02-18$17.69$19.0045.9%13.2%6.1%25.9%0.0%6.1%-10.2%11.6K-118.2K-3970.00165.69N/AN/A004150
2025-02-19$17.73$19.0046.0%13.2%6.1%26.0%0.0%-4.5%-10.1%10.6K-84.2K-3090.00163.11N/AN/A004150
2025-02-20$17.77$19.0046.8%13.4%6.2%26.6%0.0%4.8%-10.5%12.5K-127.7K-3790.00167.68N/AN/A6204150
2025-02-21$17.84$19.0043.7%12.5%5.9%24.0%0.0%-0.1%-10.7%9.5K-81.3K-3050.00159.16N/AN/A10904770
2025-02-24$17.80$19.0047.0%13.5%5.9%26.8%0.0%16.1%-12.5%9.0K-82.4K-2870.00150.53N/AN/A3202510
2025-02-25$17.91$19.0047.2%13.5%5.9%27.0%0.0%7.3%-13.1%10.1K-110.1K-3790.00162.60N/AN/A15102810
2025-02-26$17.94$19.0047.5%13.6%5.9%27.2%0.0%-10.4%-12.2%14.9K-150.1K-6290.00151.28N/AN/A004320
2025-02-27$17.93$19.0049.3%14.1%5.9%28.8%0.0%-11.6%-13.0%14.7K-142.7K-5880.00152.09N/AN/A004320
2025-02-28$17.98$19.0049.6%14.2%6.0%29.1%0.0%-14.0%-13.5%15.2K-140.1K-5630.00169.72N/AN/A004320