MLN Options History — March 2025

In March 2025, MLN traded between $17.21 and $17.95. ATM implied volatility averaged 47.7%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 41.9% (HV 20d: 5.8%). Max pain ranged from $16.00 to $20.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-03-10: Highest Volume — 119 contracts
  • 2025-03-05: Largest IV spike — 42.1% change
  • 2025-03-03: Highest IV Rank — 32.5%
  • 2025-03-11: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.53$17.21$17.95$17.95$17.37
Max Pain$18.60$16.00$20.00$19.00$20.00
ATM IV47.7%32.4%57.5%53.5%34.3%
Expected Move11.8%6.8%17.6%15.4%9.1%
HV 20d5.8%4.7%6.7%6.0%5.8%
HV 60d6.0%5.5%6.3%6.0%5.9%
IV Rank23.8%10.6%32.5%32.5%10.6%
IV Percentile50.0%7.1%77.8%73.0%7.1%
Term Structure-14.9%-20.7%3.2%-17.2%-14.0%
VWIV30.3%20.6%39.6%39.6%20.6%
Skew 25d1.5%-53.4%44.1%7.4%9.5%
Skew 10d3.0%-58.4%35.5%30.4%5.9%
Call IV 25d45.7%15.1%67.1%64.3%34.9%
Put IV 25d47.2%13.3%71.8%71.8%44.4%
Bid-Ask Spread %156.44139.20169.01162.14147.52
Gamma HHI0.510.330.980.550.60
Net GEX4.9K-6.7K14.9K14.9K4.9K
Net DEX-37.9K-145.1K57.2K-145.1K-30.1K
Net VEX-375-550-144-545-170
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume20.190119082
Total OI471.667182653432303

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$17.95$19.0053.5%15.4%6.0%32.5%0.0%7.4%-17.2%14.9K-145.1K-5450.00162.14N/AN/A004320
2025-03-04$17.84$19.0032.4%9.3%6.5%14.2%0.0%44.1%3.2%14.3K-113.0K-4530.00145.95N/AN/A004320
2025-03-05$17.79$19.0046.0%13.2%6.5%26.0%0.0%3.8%-12.8%14.1K-118.9K-4700.00149.27N/AN/A004320
2025-03-06$17.71$19.0048.4%13.9%6.3%28.1%0.0%0.3%-13.1%13.7K-122.2K-4700.00148.40N/AN/A004320
2025-03-07$17.69$19.0050.2%14.4%6.3%25.1%39.6%36.0%-13.1%13.5K-113.8K-4210.00156.66N/AN/A0104320
2025-03-10$17.64$16.0057.5%16.5%6.3%31.9%30.6%0.3%-14.6%12.7K-106.6K-4180.00152.60N/AN/A011943210
2025-03-11$17.55$17.0041.0%17.6%6.5%16.8%0.0%0.1%-15.5%3.9K-22.4K-4850.00153.75N/AN/A00432129
2025-03-12$17.45$17.0044.1%14.7%6.7%19.5%20.6%0.2%-16.5%3.3K-11.9K-4720.00154.10N/AN/A091432129
2025-03-13$17.45$17.0044.7%15.5%6.2%20.1%0.0%0.2%-17.0%-1.9K44.2K-5500.00154.19N/AN/A00432220
2025-03-14$17.50$17.0045.2%15.2%5.8%20.6%0.0%31.9%-16.6%-6.7K51.2K-4820.00139.20N/AN/A00432220
2025-03-17$17.48$0.0040.4%8.1%5.7%16.2%0.0%-38.7%-19.2%-3.7K57.2K-4090.00169.01N/AN/A01432220
2025-03-18$17.55$0.0046.8%7.7%5.6%22.0%0.0%0.2%-18.3%-5.8K42.6K-3860.00168.59N/AN/A00432221
2025-03-19$17.51$0.0046.3%7.7%5.6%21.6%0.0%-15.2%-19.2%-3.2K47.4K-3590.00168.26N/AN/A00432221
2025-03-20$17.54$0.0047.1%10.0%5.5%22.4%0.0%0.3%-12.5%-6.5K46.4K-2980.00166.69N/AN/A00432221
2025-03-21$17.49$0.0051.4%10.9%5.3%26.3%0.0%0.4%-14.5%4.4K-43.9K-1970.00166.04N/AN/A00432221
2025-03-24$17.43$0.0054.7%6.8%5.4%29.3%0.0%-16.2%-14.1%3.9K-29.6K-1440.00153.44N/AN/A10001811
2025-03-25$17.38$20.0056.7%6.9%4.7%31.2%0.0%26.1%-15.2%7.3K-65.7K-3220.00153.60N/AN/A002811
2025-03-26$17.27$20.0056.0%11.6%4.8%30.5%0.0%-53.4%-15.1%6.7K-60.4K-2960.00158.15N/AN/A002811
2025-03-27$17.21$20.0057.5%12.0%4.8%31.8%0.0%-4.0%-16.4%6.2K-53.1K-2740.00158.12N/AN/A002811
2025-03-28$17.34$20.0046.7%11.2%5.7%22.0%0.0%-1.6%-20.7%6.1K-49.1K-2570.00159.63N/AN/A2102811
2025-03-31$17.37$20.0034.3%9.1%5.8%10.6%0.0%9.5%-14.0%4.9K-30.1K-1700.00147.52N/AN/A8203021