MU Options History — February 2009

In February 2009, MU traded between $2.81 and $4.32. ATM implied volatility averaged 100.4%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 29.1%. IV traded above realized volatility by 1.4% (HV 20d: 99.0%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.67.

Notable Days

  • 2009-02-23: Highest Volume — 20,784 contracts
  • 2009-02-17: Largest IV spike — 28.9% change
  • 2009-02-20: Highest IV Rank — 49.7%
  • 2009-02-20: Largest Expected Move — 33.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.55$2.81$4.32$3.60$3.22
Max Pain$3.37$3.00$4.00$3.00$3.00
ATM IV100.4%83.6%117.3%95.1%107.0%
Expected Move29.1%24.4%33.6%27.3%30.7%
HV 20d99.0%84.2%115.5%115.5%92.2%
HV 60d140.9%122.9%151.7%151.5%122.9%
IV Rank39.3%29.0%49.7%36.0%43.4%
IV Percentile70.3%59.9%82.1%65.9%71.0%
Term Structure7.5%-0.4%13.1%-0.4%13.1%
VWIV98.4%86.6%117.8%94.2%107.0%
Skew 25d18.0%-2.8%45.4%17.0%13.1%
Skew 10d38.8%10.6%72.7%37.1%30.0%
Call IV 25d87.7%58.0%118.3%77.7%93.9%
Put IV 25d105.7%74.9%117.3%94.6%107.0%
Bid-Ask Spread %13.037.8821.0011.6212.32
Gamma HHI0.340.290.400.350.33
Net GEX451.2K221.1K575.7K401.8K298.9K
Net DEX-25.1M-47.7M-6.6M-25.8M-13.0M
Net VEX-243.5K-306.0K-181.4K-247.9K-208.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.033.180.100.41
Total Volume7,679.1581,19220,78414,6754,559
Total OI314,910.316287,950337,677287,950302,111

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$3.60$3.0095.1%27.3%115.5%36.0%94.2%17.0%-0.4%401.8K-25.8M-247.9K0.1011.62N/AN/A13,3171,358227,42660,524
2009-02-03$3.76$3.0085.1%24.4%103.1%29.9%86.6%30.4%6.0%447.2K-29.1M-257.7K0.1412.57N/AN/A6,246865232,50360,948
2009-02-04$3.90$3.0087.5%25.1%102.8%31.3%89.5%45.4%6.2%472.0K-34.2M-273.7K0.1913.92N/AN/A14,2252,758237,63761,480
2009-02-05$4.07$3.0088.9%25.5%100.8%32.2%88.9%16.9%5.5%520.4K-38.0M-279.8K0.309.23N/AN/A4,4201,319242,47862,742
2009-02-06$4.08$4.0083.6%25.4%100.3%29.0%88.9%16.2%9.6%532.9K-38.2M-281.1K0.0914.16N/AN/A15,0121,325245,53863,338
2009-02-09$4.32$4.0090.1%26.1%100.2%33.0%88.6%14.3%9.8%575.7K-47.7M-306.0K0.2221.00N/AN/A11,7772,613254,50064,198
2009-02-10$4.02$4.0085.4%26.8%103.1%30.1%93.7%13.8%6.6%564.9K-40.1M-290.8K0.3318.82N/AN/A4,2151,393263,44264,563
2009-02-11$3.88$4.0089.2%27.5%104.3%32.4%97.2%20.6%6.0%550.2K-35.6M-279.6K0.2214.67N/AN/A5,4031,198263,45565,640
2009-02-12$3.94$4.0094.4%27.1%99.6%35.6%98.5%20.1%9.6%561.1K-37.1M-284.5K0.5520.53N/AN/A1,160635265,41266,195
2009-02-13$3.73$4.0090.8%26.0%102.6%33.4%91.0%20.7%10.1%532.8K-31.7M-268.0K1.1811.78N/AN/A548644265,47166,457
2009-02-17$3.30$4.00117.1%33.6%103.2%49.6%111.2%14.2%4.3%466.3K-20.8M-225.2K0.5413.50N/AN/A5,0612,730265,60666,723
2009-02-18$3.20$3.00113.4%32.5%97.3%47.3%105.4%13.3%7.6%520.7K-17.7M-214.0K1.7013.04N/AN/A8641,471266,43067,778
2009-02-19$3.00$3.00109.8%31.5%91.1%45.1%109.3%12.4%11.3%570.9K-12.2M-203.7K3.187.88N/AN/A9553,033266,66368,717
2009-02-20$2.81$3.00117.3%33.6%91.7%49.7%116.5%3.5%4.0%425.6K-8.1M-184.8K0.8011.89N/AN/A2,7922,239266,89870,779
2009-02-23$2.81$3.00115.5%33.1%84.2%48.6%117.8%-2.8%5.3%221.1K-6.6M-181.4K0.039.64N/AN/A20,273511234,89967,786
2009-02-24$3.22$3.00113.1%32.4%98.0%47.1%95.3%24.6%12.1%295.1K-13.1M-210.9K0.288.43N/AN/A5,6861,569231,79567,897
2009-02-25$3.22$3.00110.7%31.7%97.5%45.7%92.1%20.3%8.9%301.9K-13.0M-209.9K2.1212.78N/AN/A441936234,96268,763
2009-02-26$3.29$3.00113.4%32.5%93.5%47.3%98.3%27.4%6.0%314.1K-14.2M-218.3K0.379.79N/AN/A1,712641232,83868,704
2009-02-27$3.22$3.00107.0%30.7%92.2%43.4%107.0%13.1%13.1%298.9K-13.0M-208.8K0.4112.32N/AN/A3,2371,322232,88369,228