MU Options History — July 2008

In July 2008, MU traded between $4.58 and $5.91. ATM implied volatility averaged 61.7%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded below realized volatility by 5.9% (HV 20d: 67.6%). Max pain ranged from $5.00 to $8.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.96.

Notable Days

  • 2008-07-28: Highest Volume — 40,851 contracts
  • 2008-07-28: Largest IV spike — 26.5% change
  • 2008-07-28: Highest IV Rank — 61.6%
  • 2008-07-28: Largest Expected Move — 21.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.30$4.58$5.91$5.79$4.83
Max Pain$6.09$5.00$8.00$8.00$6.00
ATM IV61.7%50.3%74.4%50.3%61.6%
Expected Move17.6%14.4%21.3%14.4%17.7%
HV 20d67.6%57.1%75.0%71.7%58.3%
HV 60d53.7%50.8%57.2%52.8%57.2%
IV Rank43.9%28.2%61.6%28.2%43.6%
IV Percentile74.5%54.4%92.5%54.4%71.0%
Term Structure0.7%-11.9%5.2%4.4%3.1%
VWIV62.0%45.6%74.6%54.0%61.6%
Skew 25d-0.6%-23.8%20.6%20.6%-5.2%
Skew 10d-1.6%-32.5%31.6%31.6%-3.6%
Call IV 25d58.5%40.7%70.0%43.3%52.8%
Put IV 25d57.9%44.9%72.6%63.9%47.6%
Bid-Ask Spread %10.997.7315.209.419.14
Gamma HHI0.190.120.290.260.12
Net GEX-29.0K-284.0K175.3K-284.0K151.1K
Net DEX39.8M20.0M55.1M55.1M20.0M
Net VEX-248.2K-292.6K-213.1K-268.5K-231.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.063.050.890.21
Total Volume12,449.52,87140,85118,6458,964
Total OI457,582.364376,635516,529487,266397,132

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$5.79$8.0050.3%14.4%71.7%28.2%54.0%20.6%4.4%-284.0K55.1M-268.5K0.899.41N/AN/A9,8828,763308,854178,412
2008-07-02$5.91$7.0050.8%14.6%70.9%28.8%50.8%5.6%2.8%-220.6K48.2M-292.6K3.0511.10N/AN/A1,6665,079313,539175,987
2008-07-03$5.77$7.0055.5%15.9%70.0%35.1%71.2%20.6%2.7%-226.4K48.0M-287.7K1.3411.71N/AN/A7,88110,559314,086174,990
2008-07-07$5.48$8.0062.6%17.7%70.8%45.1%62.9%-3.8%1.1%-276.7K52.0M-249.2K0.7712.15N/AN/A3,9713,043319,722174,644
2008-07-08$5.52$8.0059.5%16.7%71.3%40.7%58.8%2.0%0.8%-248.3K50.2M-256.5K0.3613.11N/AN/A7,4042,677321,048174,788
2008-07-09$5.46$6.0068.8%17.8%71.3%53.7%63.3%-3.5%2.6%-196.9K48.6M-255.0K1.9013.01N/AN/A1,2722,417325,880173,204
2008-07-10$5.46$6.0064.0%18.3%69.7%47.0%61.4%-5.4%-2.9%-225.9K51.1M-244.6K0.2510.82N/AN/A5,8511,468326,243173,752
2008-07-11$5.44$6.0064.0%18.3%69.6%47.0%65.1%-4.3%-0.1%-141.0K47.6M-260.9K2.7213.52N/AN/A1,3883,773331,144173,749
2008-07-14$5.28$6.0061.6%17.7%66.3%43.7%62.8%3.5%3.3%-147.7K51.5M-236.3K0.0612.96N/AN/A27,0451,558331,784175,075
2008-07-15$5.28$6.0065.6%18.8%65.9%49.2%67.0%2.6%1.0%-70.8K47.1M-241.0K0.2110.27N/AN/A5,2231,119342,042173,051
2008-07-16$5.51$6.0062.8%18.0%68.9%45.4%62.1%-4.7%1.7%-71444.0M-255.1K0.1711.80N/AN/A7,2381,194341,232172,824
2008-07-17$5.45$6.0064.2%18.4%68.3%47.4%64.7%-6.7%1.5%48.7K44.8M-253.5K0.8615.20N/AN/A3,2792,830341,152173,395
2008-07-18$5.70$6.0058.1%16.7%68.9%38.8%65.1%1.1%5.2%123.3K41.2M-280.0K2.5713.59N/AN/A7,84820,151342,395174,134
2008-07-21$5.66$5.0058.7%16.8%68.7%39.6%58.8%18.6%-0.0%124.8K24.7M-261.1K2.0012.16N/AN/A1,7763,560246,562130,073
2008-07-22$5.13$5.0063.2%18.1%75.0%45.9%62.6%-9.3%1.5%137.0K30.0M-234.8K0.428.31N/AN/A7,8163,273247,673130,102
2008-07-23$5.13$5.0062.2%17.8%70.6%44.5%62.6%-10.8%-2.4%139.1K30.0M-234.9K0.517.73N/AN/A6,0663,116253,290132,567
2008-07-24$4.91$5.0062.7%18.0%69.9%45.2%63.8%-23.8%0.8%125.7K31.1M-227.9K0.469.70N/AN/A12,5095,737257,558134,902
2008-07-25$4.97$5.0058.8%16.9%67.9%39.8%58.7%5.5%1.6%175.3K30.3M-237.3K0.469.03N/AN/A4,7172,180268,033136,868
2008-07-28$4.58$5.0074.4%21.3%57.1%61.6%74.6%6.3%-11.9%116.4K30.4M-214.7K0.729.33N/AN/A23,74717,104271,404133,978
2008-07-29$4.68$6.0061.5%17.6%58.5%43.5%45.6%-10.0%2.6%111.6K27.8M-213.1K0.489.30N/AN/A10,7435,131274,309128,655
2008-07-30$4.75$6.0067.3%19.3%58.6%51.7%67.1%-12.1%-4.6%148.2K20.9M-223.6K0.618.34N/AN/A1,7861,085276,514120,066
2008-07-31$4.83$6.0061.6%17.7%58.3%43.6%61.6%-5.2%3.1%151.1K20.0M-231.9K0.219.14N/AN/A7,4211,543276,360120,772