MU Options History — March 2009

In March 2009, MU traded between $2.58 and $4.22. ATM implied volatility averaged 111.0%, placing in the 45.9% IV rank vs the trailing year. The 30-day expected move averaged 32.5%. IV traded above realized volatility by 5.6% (HV 20d: 105.4%). Max pain ranged from $3.00 to $3.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.54.

Notable Days

  • 2009-03-26: Highest Volume — 32,454 contracts
  • 2009-03-12: Largest IV spike — 21.7% change
  • 2009-03-30: Highest IV Rank — 54.8%
  • 2009-03-30: Largest Expected Move — 36.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.50$2.58$4.22$3.01$4.06
Max Pain$3.00$3.00$3.00$3.00$3.00
ATM IV111.0%102.5%125.5%119.2%122.8%
Expected Move32.5%29.7%36.0%34.2%35.2%
HV 20d105.4%91.5%119.0%93.0%111.1%
HV 60d115.0%105.9%123.2%122.8%106.4%
IV Rank45.9%40.6%54.8%50.9%53.2%
IV Percentile72.8%61.9%85.7%82.9%84.5%
Term Structure-4.2%-15.2%18.9%4.0%-10.9%
VWIV111.9%76.5%139.2%109.8%126.7%
Skew 25d17.3%-0.8%50.2%8.7%10.6%
Skew 10d47.2%-5.0%79.8%21.6%68.6%
Call IV 25d103.4%63.7%122.3%110.5%122.1%
Put IV 25d120.7%104.4%135.7%119.2%132.7%
Bid-Ask Spread %11.847.8920.758.7120.75
Gamma HHI0.360.300.480.320.40
Net GEX367.9K173.3K561.7K255.1K535.6K
Net DEX-17.5M-31.8M-2.3M-8.6M-30.5M
Net VEX-215.8K-254.5K-151.6K-192.3K-252.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.032.380.400.35
Total Volume5,790.22759932,4542,7927,202
Total OI307,084.545288,429318,296305,507318,296

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$3.01$3.00119.2%34.2%93.0%50.9%109.8%8.7%4.0%255.1K-8.6M-192.3K0.408.71N/AN/A1,993799235,13970,368
2009-03-03$3.09$3.00105.3%30.2%93.5%42.3%104.9%40.3%16.8%275.2K-10.0M-195.1K1.0311.81N/AN/A1,4701,515235,81770,513
2009-03-04$3.20$3.00104.5%30.0%92.9%41.8%76.5%40.7%15.8%300.4K-12.2M-204.2K2.3513.38N/AN/A179420236,63371,101
2009-03-05$3.15$3.00109.6%31.4%91.5%45.0%106.8%50.2%18.9%289.0K-11.3M-199.5K0.5012.85N/AN/A557276236,76571,263
2009-03-06$2.91$3.00114.9%35.7%92.3%48.2%120.5%5.9%-13.5%245.4K-7.9M-181.1K0.357.89N/AN/A4,8301,702236,81271,407
2009-03-09$2.58$3.00110.9%35.0%98.9%45.8%139.2%-0.8%-9.5%173.3K-2.3M-151.6K0.069.08N/AN/A3,843224237,38472,134
2009-03-10$2.88$3.00114.1%35.6%106.1%47.7%120.2%10.3%-13.1%224.0K-5.7M-171.5K0.2711.87N/AN/A2,095563238,20871,849
2009-03-11$3.20$3.00102.5%35.7%113.1%40.6%117.4%10.8%-14.1%313.1K-12.3M-198.5K0.089.74N/AN/A11,636968238,80871,669
2009-03-12$3.50$3.00124.7%35.8%118.2%54.3%115.3%12.6%-15.2%383.5K-19.2M-225.1K0.4211.70N/AN/A7,4443,128240,74272,343
2009-03-13$3.64$3.00105.4%30.2%119.0%42.4%105.0%13.7%-2.9%419.5K-21.1M-231.7K0.4311.49N/AN/A2,095899239,32272,617
2009-03-16$3.65$3.00107.6%30.8%117.5%43.7%106.0%10.6%-7.9%437.9K-21.3M-229.7K0.4311.03N/AN/A2,9411,253239,89772,481
2009-03-17$3.68$3.00103.8%29.8%108.4%41.4%111.3%14.5%-4.5%432.2K-21.2M-228.7K0.0310.30N/AN/A2,50480240,36373,473
2009-03-18$3.77$3.00106.5%30.5%107.7%43.1%110.4%12.4%-3.6%492.0K-23.8M-234.3K0.1911.63N/AN/A2,067394239,97873,471
2009-03-19$3.67$3.00110.0%31.6%105.1%45.3%108.3%5.9%-10.6%354.9K-20.5M-225.9K0.8312.82N/AN/A726601239,19573,747
2009-03-20$3.43$3.00121.8%34.9%105.4%52.5%117.0%11.8%-9.2%307.5K-16.0M-206.6K0.6511.20N/AN/A1,471952239,43573,661
2009-03-23$3.81$3.00106.9%30.7%110.5%43.3%109.6%25.1%-2.7%392.9K-20.1M-227.6K0.5618.30N/AN/A3,6632,055220,20768,222
2009-03-24$3.70$3.00104.3%29.9%101.7%41.7%113.5%18.4%-6.4%367.8K-17.2M-222.2K2.389.36N/AN/A5071,208222,51769,831
2009-03-25$3.71$3.00103.7%29.7%101.7%41.4%108.1%22.5%-3.4%365.6K-17.2M-221.6K0.238.40N/AN/A3,297760221,38570,575
2009-03-26$4.22$3.00113.8%32.6%110.5%47.6%105.3%34.7%-6.0%509.7K-30.0M-254.1K0.0515.83N/AN/A30,8501,604223,44571,203
2009-03-27$4.17$3.00104.7%30.0%110.2%42.0%105.6%7.5%-0.5%561.7K-31.8M-254.5K0.288.79N/AN/A3,7271,025232,85172,156
2009-03-30$3.88$3.00125.5%36.0%110.6%54.8%124.5%13.5%-14.1%456.9K-25.7M-238.5K0.1213.67N/AN/A10,5821,280235,65272,925
2009-03-31$4.06$3.00122.8%35.2%111.1%53.2%126.7%10.6%-10.9%535.6K-30.5M-252.7K0.3520.75N/AN/A5,3191,883244,41473,882