MLN Options History — May 2025

In May 2025, MLN traded between $16.79 and $17.12. ATM implied volatility averaged 38.4%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 29.2% (HV 20d: 9.2%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.03.

Notable Days

  • 2025-05-20: Highest Volume — 468 contracts
  • 2025-05-02: Largest IV spike — 141.5% change
  • 2025-05-13: Highest IV Rank — 45.6%
  • 2025-05-02: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.98$16.79$17.12$17.06$16.86
Max Pain$15.10$15.00$16.00$16.00$15.00
ATM IV38.4%19.9%70.9%19.9%30.9%
Expected Move8.7%5.7%13.8%5.7%8.8%
HV 20d9.2%6.0%17.4%17.4%6.0%
HV 60d11.0%10.9%11.1%11.1%10.9%
IV Rank16.6%0.0%45.6%0.0%9.8%
IV Percentile28.1%0.0%92.5%0.0%8.7%
Term Structure-5.3%-17.4%10.8%10.8%-8.9%
VWIV18.6%15.5%21.7%21.7%15.5%
Skew 25d-8.5%-25.8%0.5%-4.2%-7.6%
Skew 10d-13.9%-37.2%7.4%-8.6%1.5%
Call IV 25d26.8%11.1%37.1%20.8%21.1%
Put IV 25d18.3%10.2%36.8%16.6%13.5%
Bid-Ask Spread %134.84121.73150.93126.08134.50
Gamma HHI0.550.360.790.700.78
Net GEX20.3K1.5K30.1K16.0K28.6K
Net DEX-109.5K-196.3K-4.5K-31.4K-148.0K
Net VEX-514-892-215-287-615
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.080.000.00
Total Volume35.952046800
Total OI734.286409876510876

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$17.06$16.0019.9%5.7%17.4%0.0%0.0%-4.2%10.8%16.0K-31.4K-2870.00126.08N/AN/A00390120
2025-05-02$17.02$16.0048.0%13.8%17.0%25.2%0.0%-14.9%-17.4%14.5K-102.7K-4770.00144.12N/AN/A1570390120
2025-05-05$17.01$15.0039.3%9.1%17.0%17.4%0.0%-24.8%-4.2%18.9K-105.9K-5310.00135.41N/AN/A00547120
2025-05-06$17.09$15.0055.5%9.0%12.3%31.9%0.0%-24.5%-4.2%19.6K-131.5K-5610.00134.43N/AN/A00547120
2025-05-07$17.12$15.0053.7%8.4%10.9%30.3%0.0%-0.3%-4.6%20.4K-135.3K-5490.00142.43N/AN/A00547120
2025-05-08$17.06$15.0058.4%8.5%10.5%34.5%21.7%-2.0%-4.1%19.4K-126.3K-5310.08150.93N/AN/A12010547120
2025-05-09$17.06$15.0061.1%8.6%10.2%36.9%0.0%-25.8%-4.3%20.8K-135.3K-6240.00139.54N/AN/A00667130
2025-05-12$17.02$15.0036.9%8.8%9.1%15.2%0.0%-2.7%-5.6%18.4K-53.5K-4520.00144.65N/AN/A00667130
2025-05-13$17.06$15.0070.9%7.2%7.1%45.6%0.0%0.3%-4.3%20.2K-103.8K-3990.00138.77N/AN/A00667130
2025-05-14$16.95$15.0024.4%7.0%7.4%4.1%0.0%-17.9%-3.4%17.2K-83.1K-2930.00123.13N/AN/A00667130
2025-05-15$17.06$15.0024.7%7.1%7.7%4.3%0.0%0.5%-3.3%20.0K-96.2K-2920.00136.95N/AN/A00667130
2025-05-16$17.05$15.0025.0%7.2%7.6%4.6%0.0%0.2%-3.8%16.8K-36.8K-2390.00138.23N/AN/A00667130
2025-05-19$16.99$15.0031.9%9.1%6.6%10.7%0.0%-19.9%-5.6%1.8K-5.5K-2490.00134.01N/AN/A00309100
2025-05-20$16.98$15.0032.4%9.3%6.6%11.2%15.5%-8.5%-5.0%1.5K-4.5K-2150.00142.06N/AN/A4680309100
2025-05-21$16.82$15.0033.0%9.5%7.3%11.7%0.0%-0.9%-7.8%27.6K-179.1K-8920.00128.75N/AN/A00776100
2025-05-22$16.79$15.0028.3%8.1%6.3%7.5%0.0%-8.7%-5.1%26.9K-138.9K-6900.00123.49N/AN/A00776100
2025-05-23$16.84$15.0034.8%10.0%6.4%13.4%0.0%-0.1%-7.1%28.0K-184.4K-8610.00129.51N/AN/A00776100
2025-05-27$16.91$15.0029.6%8.5%6.5%8.7%0.0%-4.5%-6.2%30.1K-154.3K-6670.00121.73N/AN/A00776100
2025-05-28$16.89$15.0029.5%8.5%6.5%8.6%0.0%-5.8%-6.7%29.4K-145.6K-5990.00130.14N/AN/A00776100
2025-05-29$16.89$15.0038.5%11.0%6.2%16.6%0.0%-5.4%-9.7%29.1K-196.3K-7810.00132.84N/AN/A00776100
2025-05-30$16.86$15.0030.9%8.8%6.0%9.8%0.0%-7.6%-8.9%28.6K-148.0K-6150.00134.50N/AN/A00776100