MU Options History — February 2010

In February 2010, MU traded between $8.44 and $9.35. ATM implied volatility averaged 48.1%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 10.1% (HV 20d: 58.2%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 1.07.

Notable Days

  • 2010-02-10: Highest Volume — 59,967 contracts
  • 2010-02-04: Largest IV spike — 11.1% change
  • 2010-02-04: Highest IV Rank — 24.0%
  • 2010-02-04: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.85$8.44$9.35$9.17$9.06
Max Pain$9.16$9.00$10.00$10.00$9.00
ATM IV48.1%42.6%54.3%51.6%42.6%
Expected Move13.8%12.2%15.6%14.8%12.2%
HV 20d58.2%52.0%61.4%60.8%54.2%
HV 60d50.0%48.7%50.8%50.8%49.9%
IV Rank17.6%11.9%24.0%21.2%11.9%
IV Percentile11.2%2.0%26.6%15.1%2.0%
Term Structure3.5%-0.0%7.1%-0.0%7.1%
VWIV48.2%42.9%56.2%50.7%43.1%
Skew 25d6.0%3.9%8.2%8.0%4.3%
Skew 10d12.6%7.3%19.8%14.6%7.3%
Call IV 25d46.3%41.3%55.3%47.6%41.7%
Put IV 25d52.3%46.0%59.5%55.6%46.0%
Bid-Ask Spread %3.952.825.804.103.01
Gamma HHI0.220.210.230.220.22
Net GEX2.4M1.8M3.1M2.8M3.0M
Net DEX-72.8M-113.4M-34.0M-100.3M-101.7M
Net VEX-1.0M-1.1M-955.0K-1.0M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.075.570.230.20
Total Volume22,709.0534,30359,9678,43026,385
Total OI620,040.263575,394672,342575,394633,690

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-02-01$9.17$10.0051.6%14.8%60.8%21.2%50.7%8.0%-0.0%2.8M-100.3M-1.0M0.234.10N/AN/A6,8451,585432,258143,136
2010-02-02$9.35$10.0049.5%14.2%60.3%19.0%48.0%5.7%1.2%3.1M-113.4M-1.1M1.664.68N/AN/A6,62611,030434,640144,706
2010-02-03$9.02$10.0048.9%14.0%59.5%18.5%48.0%5.4%0.6%2.7M-88.7M-1.0M2.963.77N/AN/A7,75922,978438,049152,488
2010-02-04$8.61$9.0054.3%15.6%60.5%24.0%55.2%4.2%1.2%2.3M-66.8M-963.7K1.004.35N/AN/A14,87114,832440,305147,792
2010-02-05$8.70$9.0053.3%15.3%60.5%22.9%56.2%8.1%2.3%2.4M-71.0M-1.0M1.114.30N/AN/A6,4357,161448,124154,898
2010-02-08$8.91$9.0053.0%14.6%60.5%22.6%52.0%5.9%2.3%2.6M-83.5M-1.0M5.573.71N/AN/A4,13923,063447,468157,505
2010-02-09$9.08$9.0050.0%14.4%61.4%19.6%50.4%7.1%2.3%2.6M-88.8M-1.0M0.693.70N/AN/A6,7944,701448,415172,478
2010-02-10$8.54$9.0050.2%14.4%61.4%19.8%51.0%6.9%2.7%2.0M-47.9M-955.0K0.354.77N/AN/A44,53515,432449,530172,420
2010-02-11$8.53$9.0048.6%13.9%60.6%18.2%49.0%8.2%4.3%2.1M-45.5M-971.4K1.735.80N/AN/A13,98924,257461,525181,895
2010-02-12$8.44$9.0051.5%14.8%59.1%21.1%48.9%7.8%2.6%1.8M-34.0M-997.5K0.864.49N/AN/A8,7327,520454,232198,990
2010-02-16$8.63$9.0048.0%13.8%57.7%17.5%48.4%6.0%2.7%1.9M-42.4M-1.0M0.452.95N/AN/A5,7622,600452,358205,622
2010-02-17$8.73$9.0045.6%13.1%57.6%15.0%45.7%5.4%4.3%2.1M-48.6M-1.0M1.792.82N/AN/A1,5432,760453,026206,623
2010-02-18$8.76$9.0045.0%12.9%57.2%14.4%47.5%5.5%5.2%2.1M-48.5M-1.0M0.712.94N/AN/A10,1097,181453,246208,174
2010-02-19$8.90$9.0044.6%12.8%57.5%14.0%44.7%6.0%5.4%2.5M-59.0M-1.0M0.264.56N/AN/A20,5395,269462,397209,945
2010-02-22$8.94$9.0043.1%12.3%52.0%12.4%42.9%5.5%5.7%2.4M-81.3M-1.0M0.073.59N/AN/A18,7551,356410,176182,151
2010-02-23$8.61$9.0046.0%13.2%52.8%15.4%47.2%3.9%4.8%2.2M-64.4M-1.0M0.152.99N/AN/A15,8692,458423,347182,466
2010-02-24$9.09$9.0043.9%12.6%56.5%13.3%43.5%5.5%5.6%2.8M-98.4M-1.1M0.234.04N/AN/A10,9102,501424,855182,661
2010-02-25$9.07$9.0044.0%12.6%55.3%13.4%44.5%4.3%5.8%2.8M-99.3M-1.1M0.244.38N/AN/A35,5208,671425,836183,338
2010-02-26$9.06$9.0042.6%12.2%54.2%11.9%43.1%4.3%7.1%3.0M-101.7M-1.1M0.203.01N/AN/A22,0544,331445,783187,907