MU Options History — August 2007

In August 2007, MU traded between $10.60 and $12.50. ATM implied volatility averaged 43.3%, placing in the 72.8% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 2.0% (HV 20d: 41.3%). Max pain ranged from $11.00 to $13.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.38.

Notable Days

  • 2007-08-01: Highest Volume — 39,239 contracts
  • 2007-08-08: Largest IV drop — 17.5% change
  • 2007-08-13: Highest IV Rank — 100.0%
  • 2007-08-16: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.47$10.60$12.50$12.10$11.45
Max Pain$11.65$11.00$13.00$13.00$11.00
ATM IV43.3%34.4%52.6%48.5%35.1%
Expected Move12.1%9.9%14.6%13.9%10.1%
HV 20d41.3%33.7%48.8%39.0%43.0%
HV 60d36.7%34.1%38.7%35.1%38.3%
IV Rank72.8%43.2%100.0%91.1%45.6%
IV Percentile84.5%59.3%100.0%98.6%63.5%
Term Structure3.0%-3.9%8.8%-3.9%5.4%
VWIV42.8%35.1%54.7%49.8%35.8%
Skew 25d-0.0%-10.2%7.8%5.3%7.8%
Skew 10d2.3%-33.1%25.8%-5.3%25.8%
Call IV 25d42.8%29.7%52.3%47.9%29.7%
Put IV 25d42.7%36.9%53.1%53.1%37.5%
Bid-Ask Spread %14.117.5724.1213.999.67
Gamma HHI0.190.130.300.270.16
Net GEX3.4M1.0M8.3M4.1M3.1M
Net DEX-30.5M-131.3M22.3M-16.7M-49.2M
Net VEX-1.2M-1.4M-1.1M-1.2M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.051.680.320.46
Total Volume17,051.2172,23739,23939,2394,067
Total OI646,456.261540,703728,485682,778587,017

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$12.10$13.0048.5%13.9%39.0%91.1%49.8%5.3%-3.9%4.1M-16.7M-1.2M0.3213.99N/AN/A29,8079,432495,854186,924
2007-08-02$11.82$13.0044.7%12.8%39.4%78.9%47.4%-4.2%-3.6%4.3M-29.0M-1.3M0.1612.65N/AN/A13,2062,127506,016187,912
2007-08-03$11.64$13.0045.9%13.2%34.1%82.9%54.7%-10.2%-2.8%3.9M-13.8M-1.2M0.2616.54N/AN/A21,5775,612505,481188,244
2007-08-06$11.63$12.0049.9%12.5%34.2%95.6%43.3%0.5%0.5%3.8M-8.8M-1.2M1.0615.69N/AN/A6,7527,171507,405188,977
2007-08-07$11.59$12.0049.2%12.9%33.7%93.6%44.4%0.9%-0.4%3.5M-4.4M-1.2M0.1313.79N/AN/A21,4162,741508,902188,704
2007-08-08$12.07$12.0040.6%11.5%36.4%65.6%40.2%0.9%2.3%5.4M-53.1M-1.3M0.0520.40N/AN/A36,9321,669523,540180,416
2007-08-09$12.50$12.0044.2%12.4%39.3%77.3%42.6%4.4%0.7%8.3M-131.3M-1.4M0.2119.60N/AN/A16,4203,513535,586179,386
2007-08-10$12.21$12.0047.6%13.3%39.8%88.3%45.3%-0.8%0.4%6.6M-88.4M-1.4M0.2424.12N/AN/A10,8052,574534,903180,488
2007-08-13$11.97$12.0051.3%12.9%39.1%100.0%45.2%-0.0%2.0%5.6M-59.2M-1.3M0.0918.55N/AN/A8,538745540,211182,710
2007-08-14$11.52$12.0050.9%13.7%40.6%98.9%46.7%-2.6%0.7%3.6M-22.8M-1.2M0.3913.03N/AN/A4,6351,820546,405182,080
2007-08-15$11.06$12.0052.6%13.1%42.1%100.0%47.9%-5.3%1.5%2.1M9.8M-1.1M1.0419.13N/AN/A5,7966,023546,685178,299
2007-08-16$10.60$12.0050.8%14.6%43.5%94.5%51.7%-1.7%1.5%1.5M22.3M-1.1M0.1813.49N/AN/A30,6105,374540,228171,531
2007-08-17$10.99$11.0048.1%13.8%46.8%86.1%48.7%-0.4%1.9%1.0M938.2K-1.1M0.2011.33N/AN/A20,9644,197551,106172,020
2007-08-20$10.98$11.0045.5%13.0%46.7%77.9%46.4%-3.1%4.8%2.3M-28.4M-1.1M0.3412.60N/AN/A13,3404,560400,023140,680
2007-08-21$11.36$11.0040.3%11.6%48.6%61.7%40.4%0.0%6.7%2.7M-46.0M-1.2M0.4515.03N/AN/A15,7127,114407,203147,935
2007-08-22$11.45$11.0037.1%10.6%48.8%51.8%37.1%-0.8%7.5%2.6M-46.1M-1.2M1.689.28N/AN/A2,3944,031408,499153,154
2007-08-23$11.12$11.0036.1%10.4%42.7%48.8%37.1%0.7%6.4%2.2M-22.6M-1.1M0.2613.47N/AN/A4,4121,131406,364155,398
2007-08-24$11.02$11.0034.4%9.9%42.2%43.2%35.2%4.0%8.6%2.0M-13.2M-1.1M0.3810.37N/AN/A10,2213,855405,966154,201
2007-08-27$11.23$11.0034.4%9.9%42.6%43.3%35.1%-0.0%8.0%2.4M-30.2M-1.1M0.147.57N/AN/A8,8591,223412,190156,590
2007-08-28$11.00$11.0038.1%10.9%42.9%54.7%38.3%1.0%5.5%2.2M-16.0M-1.1M0.3914.60N/AN/A1,605632415,622156,285
2007-08-29$11.24$11.0036.4%10.4%43.1%49.7%36.6%2.9%7.2%2.4M-23.8M-1.1M0.0611.59N/AN/A18,4091,060415,832156,105
2007-08-30$11.21$11.0034.7%9.9%42.4%44.2%35.8%-0.4%8.8%2.6M-32.2M-1.1M0.247.99N/AN/A7,3611,736422,924156,493
2007-08-31$11.45$11.0035.1%10.1%43.0%45.6%35.8%7.8%5.4%3.1M-49.2M-1.2M0.469.67N/AN/A2,7871,280429,949157,068