MU Options History — August 2008

In August 2008, MU traded between $4.24 and $5.39. ATM implied volatility averaged 60.6%, placing in the 42.3% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded above realized volatility by 1.8% (HV 20d: 58.9%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.08.

Notable Days

  • 2008-08-20: Highest Volume — 15,672 contracts
  • 2008-08-11: Largest IV spike — 34.8% change
  • 2008-08-12: Highest IV Rank — 73.0%
  • 2008-08-11: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.84$4.24$5.39$4.67$4.24
Max Pain$5.05$5.00$6.00$6.00$5.00
ATM IV60.6%52.8%82.6%62.6%58.6%
Expected Move16.9%15.1%18.4%18.0%16.8%
HV 20d58.9%51.3%65.8%58.7%52.5%
HV 60d59.5%57.3%61.3%57.4%60.6%
IV Rank42.3%31.3%73.0%45.1%39.5%
IV Percentile65.6%48.8%98.4%73.0%61.5%
Term Structure7.9%1.1%14.3%1.5%7.4%
VWIV59.3%50.2%66.2%62.6%58.8%
Skew 25d3.2%-13.8%23.3%-13.8%23.3%
Skew 10d11.6%-13.8%45.2%-10.1%21.5%
Call IV 25d57.1%35.4%65.9%58.2%35.4%
Put IV 25d60.3%44.4%67.9%44.4%58.6%
Bid-Ask Spread %12.199.2624.379.2612.19
Gamma HHI0.180.120.230.120.23
Net GEX202.6K60.3K375.5K151.4K60.3K
Net DEX17.3M6.3M25.1M21.1M25.1M
Net VEX-214.6K-257.7K-159.3K-217.5K-159.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.027.940.020.42
Total Volume4,671.42957415,6727,8473,663
Total OI401,260.19376,300413,793401,967402,560

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-08-01$4.67$6.0062.6%18.0%58.7%45.1%62.6%-13.8%1.5%151.4K21.1M-217.5K0.029.26N/AN/A7,677170280,770121,197
2008-08-04$4.75$5.0064.8%17.6%57.4%48.1%62.1%4.9%7.6%184.8K20.4M-215.8K0.3311.72N/AN/A473155285,160121,162
2008-08-05$4.73$5.0061.8%17.7%57.2%43.9%62.6%6.6%6.9%160.3K22.0M-207.4K0.2315.40N/AN/A471110285,373121,147
2008-08-06$4.98$5.0056.8%17.5%60.9%36.9%56.1%9.3%4.2%245.5K17.4M-233.9K0.4124.37N/AN/A1,399571285,524120,779
2008-08-07$5.10$5.0061.8%16.8%61.7%44.0%61.2%-3.9%6.8%287.2K14.2M-243.6K0.0811.21N/AN/A9,191695286,259120,933
2008-08-08$5.27$5.0058.4%17.8%63.0%39.2%58.5%13.7%3.0%351.7K10.7M-257.7K0.1912.04N/AN/A1,205226291,104121,241
2008-08-11$5.39$5.0078.7%18.4%62.7%67.6%61.9%5.7%1.1%240.2K8.4M-254.3K0.1312.26N/AN/A2,698340291,412121,192
2008-08-12$5.27$5.0082.6%17.4%63.2%73.0%61.2%11.5%6.1%375.5K9.5M-252.8K0.869.80N/AN/A309265292,386121,407
2008-08-13$5.10$5.0064.5%17.6%62.1%47.7%61.3%5.8%8.6%279.9K15.6M-225.6K0.7013.61N/AN/A607424292,341121,233
2008-08-14$5.37$5.0060.0%17.2%65.1%41.4%64.0%14.7%6.8%282.7K7.0M-250.2K0.2110.21N/AN/A2,026426292,573119,212
2008-08-15$5.39$5.0055.8%16.0%62.8%35.5%55.6%2.3%10.5%282.6K6.3M-249.2K0.1414.31N/AN/A1,841251293,197119,372
2008-08-18$5.09$5.0061.7%17.7%65.8%43.8%63.2%-13.1%5.1%261.5K11.3M-231.3K1.0510.84N/AN/A1,6551,740270,967105,333
2008-08-19$4.90$5.0057.5%16.5%57.4%37.9%56.1%4.1%9.8%222.5K16.1M-202.7K7.9410.13N/AN/A1,64913,089271,262106,390
2008-08-20$4.70$5.0058.3%16.7%59.1%39.1%57.8%-5.2%8.0%178.6K19.5M-198.3K3.6713.12N/AN/A3,35512,317271,409110,099
2008-08-21$4.68$5.0056.2%16.1%57.2%36.1%56.2%11.6%10.5%160.3K21.2M-202.3K2.5010.18N/AN/A2,0735,188272,737118,501
2008-08-22$4.69$5.0055.2%15.8%57.0%34.7%56.6%13.2%10.3%173.2K20.2M-203.7K0.129.43N/AN/A5,790668274,407117,813
2008-08-25$4.49$5.0055.9%16.0%51.3%35.7%58.1%-1.3%12.7%144.0K21.7M-184.7K1.0911.61N/AN/A1,4461,582279,228117,511
2008-08-26$4.24$5.0052.8%15.1%54.2%31.3%55.0%-8.7%14.3%74.5K25.1M-170.7K1.2810.67N/AN/A3,5624,561280,168117,789
2008-08-27$4.26$5.0053.8%15.4%53.9%32.8%66.2%-9.1%11.1%61.4K24.6M-174.9K0.2911.12N/AN/A1,945569282,154119,805
2008-08-28$4.29$5.0055.8%16.0%53.4%35.6%50.2%-4.1%13.6%76.6K25.1M-171.3K1.0212.40N/AN/A851867283,352120,005
2008-08-29$4.24$5.0058.6%16.8%52.5%39.5%58.8%23.3%7.4%60.3K25.1M-159.3K0.4212.19N/AN/A2,5871,076283,778118,782