MLN Options History — August 2025

In August 2025, MLN traded between $16.73 and $16.86. ATM implied volatility averaged 42.7%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 37.6% (HV 20d: 5.1%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-08-18: Highest Volume — 421 contracts
2025-08-19: Largest IV spike — 128.0% change
2025-08-12: Highest IV Rank — 44.9%
2025-08-01: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.80	$16.73	$16.86	$16.77	$16.86
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	42.7%	14.3%	91.7%	44.4%	37.1%
Expected Move	8.9%	4.1%	12.7%	12.7%	10.6%
HV 20d	5.1%	3.6%	5.8%	5.3%	3.6%
HV 60d	5.0%	4.3%	5.5%	5.4%	4.3%
IV Rank	15.8%	0.0%	44.9%	15.4%	13.8%
IV Percentile	39.9%	0.0%	96.8%	48.0%	29.4%
Term Structure	-5.8%	-17.3%	7.8%	-17.3%	-9.4%
Skew 25d	9.1%	-20.8%	43.5%	43.5%	0.4%
Skew 10d	-7.8%	-29.2%	8.3%	3.8%	3.4%
Call IV 25d	27.3%	10.9%	49.7%	15.9%	49.7%
Put IV 25d	36.4%	19.7%	59.4%	59.4%	50.1%
Bid-Ask Spread %	147.91	109.80	153.19	148.34	151.94
Gamma HHI	0.80	0.53	1.00	0.65	1.00
Net GEX	9.2K	20	21.8K	447	21.1K
Net DEX	-90.9K	-218.2K	-87	-2.1K	-217.9K
Net VEX	-409	-998	-1	-12	-916
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	20.048	0	421	0	0
Total OI	199.19	2	423	34	423

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2025-08-01	$16.77	$15.00	44.4%	12.7%	5.3%	15.4%	0.0%	43.5%	-17.3%	447	-2.1K	-12	148.34	N/A	N/A	0	32	2
2025-08-04	$16.77	$15.00	50.1%	8.0%	5.3%	18.9%	0.0%	12.3%	-4.0%	365	-1.6K	-10	148.55	N/A	N/A	0	32	2
2025-08-05	$16.86	$15.00	50.2%	7.9%	5.6%	19.0%	0.0%	14.4%	-4.0%	554	-2.9K	-14	147.90	N/A	N/A	0	32	2
2025-08-06	$16.79	$15.00	54.2%	8.0%	5.8%	21.5%	0.0%	0.7%	-4.3%	530	-2.9K	-13	152.99	N/A	N/A	0	32	2
2025-08-07	$16.80	$15.00	57.5%	8.1%	5.8%	23.5%	0.0%	13.3%	-4.4%	536	-2.9K	-13	148.29	N/A	N/A	0	32	2
2025-08-08	$16.80	$15.00	61.4%	8.2%	5.6%	26.0%	0.0%	13.9%	-4.6%	534	-2.9K	-12	148.29	N/A	N/A	0	32	2
2025-08-11	$16.84	$15.00	81.2%	8.3%	5.6%	38.4%	0.0%	0.7%	-5.0%	464	-2.2K	-9	148.69	N/A	N/A	0	32	2
2025-08-12	$16.82	$15.00	91.7%	8.4%	5.6%	44.9%	0.0%	0.9%	-5.3%	522	-2.8K	-9	153.19	N/A	N/A	0	32	2
2025-08-13	$16.83	$15.00	29.7%	8.5%	5.5%	6.2%	0.0%	15.9%	-5.5%	397	-1.7K	-6	148.47	N/A	N/A	0	32	2
2025-08-14	$16.77	$15.00	29.6%	8.5%	5.2%	6.1%	0.0%	17.1%	-4.7%	272	-1.0K	-4	147.90	N/A	N/A	0	32	2
2025-08-15	$16.77	$15.00	30.0%	8.6%	5.0%	6.3%	0.0%	18.7%	-4.9%	20	-218	-3	147.00	N/A	N/A	0	32	2
2025-08-18	$16.76	$15.00	14.3%	4.1%	4.9%	0.0%	0.0%	6.8%	-4.1%	35	-87	-1	109.80	N/A	N/A	421	1	1
2025-08-19	$16.76	$15.00	32.5%	9.3%	4.8%	11.0%	0.0%	0.3%	-7.0%	21.0K	-200.1K	-950	152.19	N/A	N/A	0	422	1
2025-08-20	$16.77	$15.00	32.4%	9.3%	4.8%	11.0%	0.0%	0.4%	-7.2%	20.1K	-212.6K	-998	152.09	N/A	N/A	0	422	1
2025-08-21	$16.73	$15.00	33.6%	9.6%	4.9%	11.7%	0.0%	-20.8%	-7.7%	20.7K	-196.8K	-931	150.21	N/A	N/A	0	422	1
2025-08-22	$16.81	$15.00	32.8%	9.4%	5.1%	11.2%	0.0%	0.4%	-6.4%	20.5K	-216.7K	-982	152.04	N/A	N/A	0	422	1
2025-08-25	$16.80	$15.00	34.7%	10.0%	5.1%	12.4%	0.0%	23.5%	-7.6%	21.4K	-202.4K	-898	147.13	N/A	N/A	0	422	1
2025-08-26	$16.81	$15.00	35.4%	10.2%	4.8%	12.8%	0.0%	1.9%	-8.1%	20.7K	-213.4K	-944	151.92	N/A	N/A	0	422	1
2025-08-27	$16.84	$15.00	36.2%	10.4%	4.7%	13.3%	0.0%	25.3%	-8.4%	21.8K	-206.9K	-935	147.25	N/A	N/A	0	422	1
2025-08-28	$16.86	$15.00	27.9%	8.0%	4.6%	8.2%	0.0%	0.6%	7.8%	21.1K	-218.2K	-926	151.94	N/A	N/A	0	422	1
2025-08-29	$16.86	$15.00	37.1%	10.6%	3.6%	13.8%	0.0%	0.4%	-9.4%	21.1K	-217.9K	-916	151.94	N/A	N/A	0	422	1