MU Options History — June 2009

In June 2009, MU traded between $4.85 and $5.86. ATM implied volatility averaged 74.5%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 21.7%. IV traded above realized volatility by 2.4% (HV 20d: 72.2%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2009-06-25: Highest Volume — 37,715 contracts
  • 2009-06-26: Largest IV drop — 27.0% change
  • 2009-06-04: Highest IV Rank — 27.6%
  • 2009-06-25: Largest Expected Move — 25.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.27$4.85$5.86$5.32$5.06
Max Pain$4.95$4.00$5.00$4.00$5.00
ATM IV74.5%59.1%89.3%78.0%67.2%
Expected Move21.7%16.9%25.6%22.4%19.3%
HV 20d72.2%62.2%84.4%79.0%65.5%
HV 60d79.1%70.9%89.2%89.2%70.9%
IV Rank18.1%6.2%27.6%24.6%11.7%
IV Percentile31.4%9.9%44.4%36.1%20.6%
Term Structure-1.7%-14.4%6.7%1.3%-0.1%
VWIV75.0%59.4%88.9%77.4%63.9%
Skew 25d11.5%-14.2%38.4%21.9%11.6%
Skew 10d28.9%-22.7%61.0%54.2%10.5%
Call IV 25d67.8%43.9%77.5%65.1%43.9%
Put IV 25d79.3%52.8%93.0%87.0%55.5%
Bid-Ask Spread %11.067.1217.6716.558.56
Gamma HHI0.280.220.370.250.36
Net GEX630.4K363.6K790.3K618.5K633.9K
Net DEX-31.9M-51.7M-16.1M-35.4M-23.2M
Net VEX-274.7K-301.4K-245.1K-294.9K-254.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.026.210.450.69
Total Volume8,067.36471337,7158,5825,935
Total OI286,320265,921299,659281,470292,815

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$5.32$4.0078.0%22.4%79.0%24.6%77.4%21.9%1.3%618.5K-35.4M-294.9K0.4516.55N/AN/A5,9292,653184,02597,445
2009-06-02$5.07$5.0075.4%21.6%76.5%23.0%75.6%15.1%0.6%551.1K-28.2M-281.8K0.319.01N/AN/A7,4552,309184,46197,913
2009-06-03$4.97$5.0072.8%20.9%75.6%21.3%73.0%38.4%1.6%526.8K-24.9M-270.9K0.208.83N/AN/A2,301449183,22098,027
2009-06-04$5.50$5.0082.8%23.7%84.4%27.6%78.8%18.3%-1.0%654.3K-39.3M-294.4K0.3812.98N/AN/A9,7763,727183,31898,250
2009-06-05$5.30$5.0072.1%22.9%78.5%20.9%78.1%10.4%-2.0%682.5K-35.3M-287.3K0.6617.15N/AN/A2,5751,698187,78399,458
2009-06-08$5.30$5.0073.3%22.7%78.3%17.2%78.5%9.8%-1.9%714.3K-35.2M-279.6K6.2117.67N/AN/A9265,750187,12097,412
2009-06-09$5.58$5.0069.7%21.0%78.1%14.4%77.1%10.1%-1.0%762.1K-43.2M-300.0K0.4610.82N/AN/A3,9501,833187,588102,928
2009-06-10$5.86$5.0065.7%21.1%75.7%11.7%78.8%10.4%-1.0%790.3K-51.7M-299.5K0.379.64N/AN/A16,1895,960188,038101,131
2009-06-11$5.59$5.0071.6%20.5%77.8%14.8%72.3%8.0%1.2%775.7K-43.7M-301.4K1.4511.58N/AN/A1,8742,718192,425105,037
2009-06-12$5.47$5.0076.7%22.0%77.3%18.1%74.1%10.2%-1.6%754.1K-38.7M-289.2K0.6910.56N/AN/A1,048722189,973104,028
2009-06-15$5.32$5.0076.3%21.9%72.8%17.8%76.1%4.3%-1.1%713.6K-34.0M-275.9K1.159.12N/AN/A2,2522,600190,047104,266
2009-06-16$5.20$5.0077.8%22.3%65.9%18.8%73.1%16.2%-1.6%701.5K-30.4M-272.7K0.1615.75N/AN/A61697190,989105,636
2009-06-17$5.30$5.0078.8%22.6%65.1%19.5%78.3%8.5%-4.6%620.9K-34.7M-271.2K0.2111.27N/AN/A1,580336190,868105,626
2009-06-18$5.26$5.0076.7%22.0%65.0%18.1%76.7%17.8%-1.4%660.3K-33.2M-269.4K0.0210.05N/AN/A6,365125190,899105,647
2009-06-19$5.33$5.0075.9%21.8%62.2%17.6%70.0%20.3%-4.6%713.3K-35.4M-269.8K0.259.61N/AN/A5,9681,518194,169105,490
2009-06-22$5.02$5.0082.1%23.5%66.2%21.7%81.5%5.0%-5.4%409.9K-20.9M-254.8K1.0010.59N/AN/A3,3543,348166,87199,050
2009-06-23$4.85$5.0076.9%22.1%67.0%18.2%77.3%12.3%-5.1%363.6K-16.1M-245.1K0.399.37N/AN/A2,9661,148167,993100,069
2009-06-24$5.14$5.0076.3%21.9%69.4%17.8%76.1%9.8%-2.6%451.3K-23.0M-256.1K0.209.70N/AN/A2,300452169,619100,226
2009-06-25$5.30$5.0089.3%25.6%69.9%26.6%88.9%21.1%-14.4%467.5K-26.9M-264.5K0.108.92N/AN/A34,1703,545169,556100,512
2009-06-26$5.10$5.0065.2%18.7%70.1%10.4%65.2%-12.3%0.4%635.0K-24.7M-255.5K0.347.12N/AN/A9,8283,293186,453101,446
2009-06-29$5.11$5.0059.1%16.9%67.6%6.2%59.4%-14.2%6.7%669.4K-24.4M-254.2K1.568.47N/AN/A2,2873,557187,749103,464
2009-06-30$5.06$5.0067.2%19.3%65.5%11.7%63.9%11.6%-0.1%633.9K-23.2M-254.8K0.698.56N/AN/A3,5122,423188,874103,941