MU Options History — October 2008

In October 2008, MU traded between $3.39 and $4.71. ATM implied volatility averaged 116.6%, placing in the 75.0% IV rank vs the trailing year. The 30-day expected move averaged 30.8%. IV traded below realized volatility by 7.9% (HV 20d: 124.6%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 1.13.

Notable Days

  • 2008-10-01: Highest Volume — 67,563 contracts
  • 2008-10-16: Largest IV drop — 26.4% change
  • 2008-10-08: Highest IV Rank — 100.0%
  • 2008-10-01: Largest Expected Move — 36.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.10$3.39$4.71$4.30$4.71
Max Pain$4.13$4.00$5.00$5.00$4.00
ATM IV116.6%91.3%153.5%128.4%91.3%
Expected Move30.8%26.2%36.8%36.8%26.2%
HV 20d124.6%112.6%134.6%128.5%128.2%
HV 60d95.3%85.4%107.1%85.4%107.1%
IV Rank75.0%49.4%100.0%94.9%49.4%
IV Percentile95.1%86.1%100.0%99.6%86.1%
Term Structure-4.3%-23.7%11.9%-23.7%7.6%
VWIV106.2%92.0%135.3%135.3%93.1%
Skew 25d9.1%-4.4%29.2%7.2%12.8%
Skew 10d35.5%1.6%61.9%44.4%9.6%
Call IV 25d100.6%74.7%130.5%130.5%89.2%
Put IV 25d109.7%89.0%137.7%137.7%102.0%
Bid-Ask Spread %21.829.2035.979.2014.87
Gamma HHI0.330.210.470.210.33
Net GEX400.1K185.9K721.0K350.1K482.8K
Net DEX-7.9M-24.6M3.9M3.9M-24.6M
Net VEX-344.9K-394.5K-271.1K-292.0K-383.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.0316.450.180.50
Total Volume12,868.7831,84367,56367,5636,501
Total OI522,825.957452,362592,549486,840473,046

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$4.30$5.00128.4%36.8%128.5%94.9%135.3%7.2%-23.7%350.1K3.9M-292.0K0.189.20N/AN/A57,25010,313348,326138,514
2008-10-02$4.48$5.00109.6%31.4%128.6%76.7%101.6%29.2%-7.7%536.5K-9.6M-381.3K0.2413.50N/AN/A14,0633,420402,516147,075
2008-10-03$4.44$5.00107.0%30.7%127.8%74.2%106.8%17.5%-13.3%545.1K-12.1M-391.2K0.0814.27N/AN/A13,6721,060414,617147,515
2008-10-06$4.06$4.00119.9%28.7%131.6%86.7%98.3%6.9%-7.9%426.5K-486.7K-344.8K0.7330.34N/AN/A3,3932,486421,195147,404
2008-10-07$3.91$4.00127.2%29.6%132.1%93.8%103.8%-1.9%-10.2%388.6K6.1K-337.8K0.5530.07N/AN/A4,6412,532422,416146,690
2008-10-08$3.87$4.00133.9%30.7%125.2%100.0%104.2%7.8%-6.3%384.4K-708.0K-340.8K0.0626.92N/AN/A20,0981,124424,012147,539
2008-10-09$3.88$4.00136.3%32.3%125.2%100.0%120.6%2.2%-19.6%426.8K-5.0M-348.7K0.4128.11N/AN/A4,9081,994431,255147,831
2008-10-10$3.55$4.00146.2%35.4%126.3%100.0%124.7%8.7%-10.0%306.6K-384.3K-315.9K0.6235.97N/AN/A5,3943,329430,525144,969
2008-10-13$4.21$4.00128.3%30.9%130.4%84.5%107.5%9.0%-6.2%551.2K-12.0M-366.3K0.1417.79N/AN/A9,9401,431430,609143,510
2008-10-14$4.51$4.00133.6%30.2%129.1%89.1%103.6%9.3%-7.2%721.0K-21.1M-394.5K0.4225.32N/AN/A8,3283,522429,944143,932
2008-10-15$4.06$4.00153.5%30.5%134.6%100.0%106.4%4.5%-0.4%454.5K-5.7M-352.3K0.7531.24N/AN/A8,7306,572428,982146,309
2008-10-16$4.05$4.00113.0%32.4%130.7%67.1%112.2%11.0%-7.1%400.2K-3.7M-347.9K0.9526.96N/AN/A11,84611,302434,248150,778
2008-10-17$4.12$4.00100.7%28.9%121.7%57.1%99.3%-4.4%4.2%502.3K-11.9M-361.6K0.5230.95N/AN/A2,8451,471442,847149,702
2008-10-20$4.45$4.00103.4%29.7%118.8%59.3%93.5%15.9%-3.8%351.0K-16.1M-370.1K0.0314.66N/AN/A10,260353341,221111,141
2008-10-21$4.47$4.0095.3%27.3%116.8%52.7%93.7%1.5%3.8%389.8K-18.0M-374.9K0.3414.22N/AN/A1,376467348,084111,451
2008-10-22$4.34$4.00105.3%30.2%115.2%60.8%100.9%18.2%2.3%362.9K-15.0M-361.3K0.3024.12N/AN/A4,0841,244348,548111,414
2008-10-23$3.92$4.00102.2%29.3%117.5%58.3%99.6%13.6%5.9%288.7K-7.1M-326.0K16.4516.19N/AN/A1,32921,861348,771112,354
2008-10-24$3.55$4.00121.0%34.7%121.8%73.6%120.9%-3.9%-10.0%185.9K259.7K-314.0K0.5116.54N/AN/A8,0934,157348,390132,323
2008-10-27$3.39$4.00124.1%35.6%112.6%76.1%120.1%4.5%-10.5%198.3K206.4K-271.1K1.2715.69N/AN/A9391,197351,500114,290
2008-10-28$3.74$4.00101.3%29.1%118.8%57.6%102.7%12.6%3.7%240.3K-456.4K-287.2K0.0916.25N/AN/A6,856590352,121114,664
2008-10-29$3.88$4.00101.9%29.2%117.4%58.0%102.4%7.3%6.1%287.4K-5.9M-310.6K0.2131.96N/AN/A2,739573355,908115,018
2008-10-30$4.43$4.0099.5%28.5%126.4%56.1%92.0%20.4%11.9%420.8K-16.1M-359.1K0.7416.76N/AN/A4,4253,274356,262115,231
2008-10-31$4.71$4.0091.3%26.2%128.2%49.4%93.1%12.8%7.6%482.8K-24.6M-383.2K0.5014.87N/AN/A4,3482,153357,727115,319