MU Options History — January 2009

In January 2009, MU traded between $2.84 and $3.76. ATM implied volatility averaged 101.3%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 30.6%. IV traded below realized volatility by 35.7% (HV 20d: 137.0%). Max pain ranged from $3.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.22.

Notable Days

  • 2009-01-12: Highest Volume — 22,095 contracts
  • 2009-01-12: Largest IV spike — 60.9% change
  • 2009-01-06: Highest IV Rank — 50.9%
  • 2009-01-06: Largest Expected Move — 34.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.33$2.84$3.76$2.84$3.72
Max Pain$3.37$3.00$5.00$5.00$3.00
ATM IV101.3%60.3%119.2%117.8%77.2%
Expected Move30.6%22.1%34.2%33.8%22.1%
HV 20d137.0%115.0%154.5%153.1%116.2%
HV 60d153.5%150.8%157.5%153.7%152.1%
IV Rank39.9%14.6%50.9%50.1%25.0%
IV Percentile72.0%34.1%83.3%83.3%58.3%
Term Structure7.3%-4.9%17.8%9.8%10.9%
VWIV101.7%56.1%124.8%124.8%71.1%
Skew 25d19.0%-19.3%62.1%1.8%27.9%
Skew 10d43.9%-0.8%64.8%1.8%44.8%
Call IV 25d90.2%61.7%116.9%116.9%63.3%
Put IV 25d109.2%81.2%161.7%118.7%91.2%
Bid-Ask Spread %12.425.8218.718.2512.74
Gamma HHI0.400.330.520.470.35
Net GEX272.7K144.6K417.8K144.6K417.8K
Net DEX-15.2M-28.3M-3.7M-3.7M-27.4M
Net VEX-231.9K-259.2K-193.1K-193.1K-254.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.030.960.100.30
Total Volume6,883.41,76822,0952,0382,313
Total OI414,403.75271,058543,043509,410286,912

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-01-02$2.84$5.00117.8%33.8%153.1%50.1%0.0%1.8%9.8%144.6K-3.7M-193.1K0.108.25N/AN/A1,857181402,899106,511
2009-01-05$3.32$5.00111.0%31.8%154.5%45.9%124.8%62.1%9.5%184.3K-8.9M-226.1K0.175.82N/AN/A16,1972,740402,065106,552
2009-01-06$3.47$4.00119.2%34.2%151.0%50.9%120.9%-19.3%4.4%246.1K-14.8M-255.7K0.129.23N/AN/A9,0101,049410,636106,454
2009-01-07$3.28$0.00106.2%33.6%153.9%42.9%105.8%17.5%2.7%190.5K-9.1M-226.9K0.6613.01N/AN/A1,325879409,722106,229
2009-01-08$3.41$4.00113.9%33.4%153.5%47.7%106.9%12.7%4.7%201.9K-10.1M-238.4K0.1918.71N/AN/A2,351457409,963106,699
2009-01-09$3.29$4.0060.3%32.5%152.0%14.6%109.1%11.4%10.0%193.9K-8.3M-226.1K0.3113.45N/AN/A1,619498411,425106,774
2009-01-12$3.16$3.0097.0%33.4%145.5%37.2%113.5%36.2%8.4%182.9K-6.0M-213.0K0.0610.90N/AN/A20,8151,280411,351106,712
2009-01-13$3.15$3.00107.6%33.9%142.2%43.7%118.2%35.0%2.4%200.4K-10.8M-220.2K0.1411.36N/AN/A10,7591,503429,870106,930
2009-01-14$2.93$3.00106.0%33.0%140.9%42.8%114.0%5.9%4.3%211.4K-6.2M-205.5K0.1211.79N/AN/A2,891337431,123106,742
2009-01-15$2.99$3.00115.9%33.2%139.9%48.8%115.8%14.8%3.5%222.6K-7.6M-208.3K0.1312.60N/AN/A8,9511,163432,503105,159
2009-01-16$3.40$3.00109.6%31.4%144.4%45.0%104.5%6.9%9.9%285.1K-14.2M-242.2K0.1311.23N/AN/A4,388589437,386105,657
2009-01-20$3.08$3.00118.5%34.0%137.0%50.5%107.5%18.0%-4.9%256.9K-15.3M-218.5K0.0410.64N/AN/A5,851261210,34460,714
2009-01-21$3.44$3.00112.1%32.1%134.1%46.5%106.9%37.7%11.1%312.2K-22.1M-246.2K0.9614.09N/AN/A1,8041,740214,44259,898
2009-01-22$3.25$3.00111.9%32.1%125.6%46.4%98.1%22.5%1.7%300.9K-17.7M-226.8K0.0612.16N/AN/A4,124249215,25760,069
2009-01-23$3.56$3.0083.9%24.0%121.4%29.1%95.2%29.5%14.6%349.7K-23.9M-252.8K0.0916.38N/AN/A11,7121,017218,37060,235
2009-01-26$3.40$3.0096.6%27.7%120.4%37.0%95.3%7.6%11.7%363.4K-21.5M-235.7K0.3314.62N/AN/A1,552509224,39560,218
2009-01-27$3.49$3.0089.9%25.8%120.4%32.8%82.8%14.7%17.8%373.5K-23.2M-241.9K0.0315.67N/AN/A4,150104224,47560,488
2009-01-28$3.76$3.0084.6%24.3%115.0%29.6%56.1%29.1%7.7%413.3K-28.3M-259.2K0.099.65N/AN/A8,912763225,32459,861
2009-01-29$3.57$3.0086.7%24.8%118.0%30.9%85.3%8.5%5.8%403.0K-24.5M-246.7K0.3316.13N/AN/A1,333435227,77459,937
2009-01-30$3.72$3.0077.2%22.1%116.2%25.0%71.1%27.9%10.9%417.8K-27.4M-254.3K0.3012.74N/AN/A1,786527226,60960,303