MU Options History — April 2008

In April 2008, MU traded between $6.00 and $7.87. ATM implied volatility averaged 62.9%, placing in the 49.9% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded above realized volatility by 5.3% (HV 20d: 57.7%). Max pain ranged from $5.00 to $7.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.59.

Notable Days

  • 2008-04-02: Highest Volume — 76,857 contracts
  • 2008-04-03: Largest IV drop — 26.7% change
  • 2008-04-01: Highest IV Rank — 100.0%
  • 2008-04-02: Largest Expected Move — 29.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.11$6.00$7.87$6.00$7.72
Max Pain$6.09$5.00$7.00$7.00$6.00
ATM IV62.9%44.5%101.8%101.4%44.5%
Expected Move17.9%12.8%29.2%29.1%12.8%
HV 20d57.7%39.4%72.1%63.9%39.4%
HV 60d66.8%60.1%70.1%69.6%60.2%
IV Rank49.9%26.0%100.0%100.0%26.0%
IV Percentile76.2%45.6%100.0%100.0%45.6%
Term Structure-2.2%-18.8%4.2%-18.8%2.8%
VWIV64.2%45.3%105.8%105.8%55.8%
Skew 25d14.0%3.7%25.1%13.5%18.7%
Skew 10d24.1%0.7%45.0%0.7%19.3%
Call IV 25d55.1%33.5%104.7%104.7%38.6%
Put IV 25d69.1%51.8%118.1%118.1%57.3%
Bid-Ask Spread %12.749.0320.859.2012.11
Gamma HHI0.300.150.530.150.17
Net GEX1.4M415.3K2.5M415.3K1.1M
Net DEX-32.7M-57.0M9.1M9.1M-39.1M
Net VEX-491.2K-557.6K-414.0K-414.0K-527.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.054.720.190.61
Total Volume20,300.3643,53776,85751,5025,312
Total OI479,585.091378,748537,860468,471415,008

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$6.00$7.00101.4%29.1%63.9%100.0%105.8%13.5%-18.8%415.3K9.1M-414.0K0.199.20N/AN/A43,3648,138320,279148,192
2008-04-02$6.39$7.00101.8%29.2%68.3%100.0%100.0%18.7%-17.2%863.0K-8.8M-472.8K0.399.95N/AN/A55,47721,380349,799150,706
2008-04-03$6.79$7.0074.6%21.4%72.1%64.9%75.4%3.7%-3.5%1.3M-23.9M-517.7K1.079.03N/AN/A19,96221,336365,953160,478
2008-04-04$6.76$5.0078.1%19.5%70.5%69.4%66.7%10.6%-3.3%1.4M-23.8M-490.8K0.3620.85N/AN/A13,0334,632369,091153,059
2008-04-07$6.69$6.0063.0%18.7%70.2%49.9%68.0%9.8%-1.3%1.6M-19.2M-470.8K0.0518.93N/AN/A28,6401,431376,157155,177
2008-04-08$6.54$6.0065.5%18.6%65.8%53.1%66.4%10.5%-0.5%1.3M-11.2M-468.6K0.0814.29N/AN/A14,1221,121368,380155,727
2008-04-09$6.77$6.0069.0%19.2%62.3%57.7%67.2%9.3%-3.6%1.5M-24.4M-483.0K0.1313.88N/AN/A3,139398374,400156,100
2008-04-10$6.99$6.0064.8%18.6%60.0%52.3%64.6%13.5%-0.7%1.8M-33.3M-499.6K0.2612.29N/AN/A9,3372,450372,987156,302
2008-04-11$6.90$6.0064.6%18.5%60.2%52.0%67.3%11.3%-0.3%1.8M-30.5M-497.2K0.1011.37N/AN/A8,595834377,713156,383
2008-04-14$6.73$6.0067.1%19.2%57.2%55.3%65.9%3.9%-5.4%1.8M-23.4M-461.6K0.3612.58N/AN/A4,4541,588380,506154,491
2008-04-15$6.76$6.0065.2%18.7%56.5%52.9%65.5%8.2%-2.0%1.9M-22.2M-452.7K0.1813.31N/AN/A12,7502,319378,415154,588
2008-04-16$7.19$6.0062.9%18.0%59.7%49.9%60.3%14.1%-0.3%2.5M-49.8M-486.5K0.3314.63N/AN/A11,6053,873382,480155,380
2008-04-17$7.21$6.0059.0%16.9%57.7%44.9%58.5%14.3%2.2%2.5M-51.7M-484.5K0.1714.06N/AN/A21,2573,699378,640158,477
2008-04-18$7.40$6.0056.4%16.2%57.5%41.5%55.5%15.6%4.2%1.4M-57.0M-483.1K0.4711.65N/AN/A11,0235,166372,868159,718
2008-04-21$7.40$6.0053.9%15.4%56.2%38.2%51.7%14.7%1.9%1.0M-34.9M-475.1K0.4911.16N/AN/A4,2012,048274,404104,344
2008-04-22$7.43$6.0053.4%15.3%55.8%37.6%51.3%13.1%-1.1%1.1M-36.7M-473.7K1.8212.32N/AN/A6,89512,528274,487104,344
2008-04-23$7.59$6.0047.7%13.7%50.5%30.3%49.3%15.9%0.9%1.1M-43.1M-501.7K0.2712.12N/AN/A3,7601,029279,559115,075
2008-04-24$7.71$6.0050.3%14.4%50.3%33.7%57.4%23.1%-1.3%1.2M-46.9M-502.5K0.1412.14N/AN/A27,8323,923281,862115,071
2008-04-25$7.68$6.0047.5%13.6%49.8%30.0%55.5%22.0%0.4%1.2M-45.1M-529.4K4.7211.76N/AN/A2,42711,454287,753117,224
2008-04-28$7.87$6.0046.1%13.2%42.1%28.2%58.2%25.1%0.3%1.2M-51.0M-555.2K0.1313.28N/AN/A19,0962,563289,070126,228
2008-04-29$7.86$6.0047.4%13.6%42.3%29.9%45.3%17.7%-0.9%1.3M-53.5M-557.6K0.659.35N/AN/A5,0913,326296,470127,527
2008-04-30$7.72$6.0044.5%12.8%39.4%26.0%55.8%18.7%2.8%1.1M-39.1M-527.9K0.6112.11N/AN/A3,2942,018287,683127,325