MLN Options History — September 2025 In September 2025, MLN traded between $16.74 and $17.49. ATM implied volatility averaged 38.8%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 32.9% (HV 20d: 5.9%). Max pain ranged from $15.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days.
Notable Days 2025-09-10 : Largest IV drop — 40.1% change2025-09-09 : Highest IV Rank — 22.1%2025-09-30 : Largest Expected Move — 12.7%Monthly Statistics Metric Avg Min Max Open Close Price $17.31 $16.74 $17.49 $16.74 $17.48 Max Pain $17.71 $15.00 $18.00 $15.00 $18.00 ATM IV 38.8% 30.4% 50.8% 41.2% 44.3% Expected Move 10.2% 8.1% 12.7% 11.8% 12.7% HV 20d 5.9% 4.2% 6.6% 4.5% 5.4% HV 60d 5.2% 4.5% 5.4% 4.6% 5.3% IV Rank 14.8% 9.8% 22.1% 16.3% 18.2% IV Percentile 36.7% 11.9% 73.8% 41.3% 54.4% Term Structure -11.1% -16.0% -6.9% -13.8% -16.0% Skew 25d 3.6% -15.8% 26.4% 0.4% 9.4% Skew 10d 0.9% -15.6% 7.3% 4.0% 3.4% Call IV 25d 34.9% 12.1% 56.9% 55.4% 42.9% Put IV 25d 38.5% 13.3% 57.2% 55.8% 52.4% Bid-Ask Spread % 150.48 147.01 153.44 150.94 150.36 Gamma HHI 1.00 1.00 1.00 1.00 1.00 Net GEX 27.7K 20.7K 31.9K 20.7K 30.7K Net DEX -269.5K -301.2K -206.2K -206.2K -285.4K Net VEX -791 -907 -602 -837 -602 Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% Total Volume 0 0 0 0 0 Total OI 422.333 421 423 423 421
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 P/C Spread % Call Wall Put Wall Call Vol Put Vol Call OI Put OI 2025-09-02 $16.74 $15.00 41.2% 11.8% 4.5% 16.3% 0.0% 0.4% -13.8% 20.7K -206.2K -837 0.00 150.94 N/A N/A 0 0 422 1 2025-09-03 $16.80 $15.00 42.4% 12.2% 4.2% 17.0% 0.0% 0.3% -14.4% 21.3K -212.0K -879 0.00 150.08 N/A N/A 0 0 422 1 2025-09-04 $16.88 $18.00 42.9% 8.1% 4.3% 17.3% 0.0% 8.8% -6.9% 22.0K -221.1K -870 0.00 152.71 N/A N/A 0 0 422 1 2025-09-05 $17.05 $18.00 43.2% 8.1% 5.5% 17.5% 0.0% 5.6% -7.9% 23.5K -243.3K -907 0.00 153.44 N/A N/A 0 0 422 1 2025-09-08 $17.20 $18.00 48.4% 8.4% 6.2% 20.6% 0.0% 4.7% -8.4% 25.0K -261.9K -876 0.00 151.81 N/A N/A 0 0 422 1 2025-09-09 $17.19 $18.00 50.8% 8.5% 6.2% 22.1% 0.0% -1.9% -9.3% 28.5K -238.0K -824 0.00 147.01 N/A N/A 0 0 422 1 2025-09-10 $17.29 $18.00 30.4% 8.7% 6.4% 9.8% 0.0% -15.8% -9.6% 28.4K -260.9K -856 0.00 149.07 N/A N/A 0 0 422 1 2025-09-11 $17.39 $18.00 30.6% 8.8% 6.6% 9.9% 0.0% 3.4% -9.2% 27.1K -287.9K -879 0.00 152.08 N/A N/A 0 0 422 1 2025-09-12 $17.41 $18.00 31.6% 9.1% 6.3% 10.5% 0.0% 26.4% -10.6% 28.4K -285.8K -867 0.00 149.62 N/A N/A 0 0 422 1 2025-09-15 $17.45 $18.00 33.6% 9.6% 6.2% 11.7% 0.0% 7.8% -12.1% 31.1K -282.4K -830 0.00 147.21 N/A N/A 0 0 422 1 2025-09-16 $17.46 $18.00 34.8% 10.0% 6.2% 12.4% 0.0% 3.0% -13.1% 27.5K -298.2K -841 0.00 151.53 N/A N/A 0 0 422 1 2025-09-17 $17.49 $18.00 35.3% 10.1% 6.1% 12.7% 0.0% 3.3% -13.4% 28.3K -300.7K -828 0.00 150.60 N/A N/A 0 0 422 1 2025-09-18 $17.48 $18.00 35.2% 10.1% 6.2% 12.7% 0.0% 3.0% -8.8% 27.6K -301.2K -813 0.00 151.92 N/A N/A 0 0 422 1 2025-09-19 $17.45 $18.00 35.3% 10.1% 6.1% 12.7% 0.0% 3.3% -9.3% 27.8K -293.8K -774 0.00 151.39 N/A N/A 0 0 422 1 2025-09-22 $17.46 $18.00 37.3% 10.7% 6.1% 13.9% 0.0% -11.4% -10.7% 31.8K -279.2K -731 0.00 149.04 N/A N/A 0 0 421 0 2025-09-23 $17.46 $18.00 38.0% 10.9% 6.0% 14.4% 0.0% -10.4% -11.3% 31.9K -278.4K -716 0.00 149.04 N/A N/A 0 0 421 0 2025-09-24 $17.44 $18.00 38.2% 10.9% 6.1% 14.5% 0.0% 7.8% -11.5% 29.5K -283.3K -701 0.00 151.07 N/A N/A 0 0 421 0 2025-09-25 $17.43 $18.00 38.3% 11.0% 6.2% 14.6% 0.0% 8.5% -10.7% 29.7K -280.0K -685 0.00 150.59 N/A N/A 0 0 421 0 2025-09-26 $17.41 $18.00 39.3% 11.3% 6.3% 15.1% 0.0% 9.2% -11.5% 29.5K -276.2K -668 0.00 150.59 N/A N/A 0 0 421 0 2025-09-29 $17.48 $18.00 43.0% 12.3% 6.3% 17.4% 0.0% 9.6% -15.0% 31.1K -284.3K -620 0.00 150.05 N/A N/A 0 0 421 0 2025-09-30 $17.48 $18.00 44.3% 12.7% 5.4% 18.2% 0.0% 9.4% -16.0% 30.7K -285.4K -602 0.00 150.36 N/A N/A 0 0 421 0
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