MU Options History — March 2010

In March 2010, MU traded between $9.41 and $10.79. ATM implied volatility averaged 52.0%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 6.4% (HV 20d: 45.6%). Max pain ranged from $9.00 to $9.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.33.

Notable Days

2010-03-30: Highest Volume — 104,434 contracts
2010-03-11: Largest IV spike — 21.5% change
2010-03-30: Highest IV Rank — 30.7%
2010-03-30: Largest Expected Move — 17.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.03	$9.41	$10.79	$9.77	$10.37
Max Pain	$9.00	$9.00	$9.00	$9.00	$9.00
ATM IV	52.0%	43.1%	60.8%	43.8%	59.1%
Expected Move	15.3%	12.6%	17.4%	12.6%	16.9%
HV 20d	45.6%	35.2%	53.5%	53.5%	38.3%
HV 60d	51.3%	50.2%	52.8%	51.8%	50.6%
IV Rank	21.6%	12.5%	30.7%	13.2%	28.9%
IV Percentile	30.5%	2.8%	60.7%	4.0%	57.5%
Term Structure	-2.0%	-9.0%	8.1%	5.8%	-7.0%
VWIV	53.6%	44.3%	60.9%	44.9%	58.7%
Skew 25d	2.3%	-1.1%	5.1%	4.0%	1.7%
Skew 10d	5.0%	-0.7%	10.6%	10.0%	2.2%
Call IV 25d	52.9%	43.2%	61.2%	43.7%	58.3%
Put IV 25d	55.3%	46.9%	60.4%	47.7%	60.0%
Bid-Ask Spread %	3.61	2.87	4.94	3.28	3.12
Gamma HHI	0.22	0.21	0.29	0.23	0.23
Net GEX	4.1M	3.2M	5.4M	3.7M	5.3M
Net DEX	-194.7M	-272.4M	-130.3M	-170.9M	-230.1M
Net VEX	-1.4M	-1.6M	-1.2M	-1.3M	-1.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.02	1.45	0.30	0.45
Total Volume	41,252.348	6,769	104,434	53,345	104,348
Total OI	718,844.565	653,012	819,542	653,012	819,542

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2010-03-01	$9.77	$9.00	43.8%	12.6%	53.5%	13.2%	44.9%	4.0%	5.8%	3.7M	-170.9M	-1.3M	0.30	3.28	N/A	N/A	41,017	12,328	462,539	190,473
2010-03-02	$9.57	$9.00	44.6%	12.8%	51.6%	14.1%	46.8%	3.4%	6.9%	3.3M	-148.5M	-1.2M	0.44	2.99	N/A	N/A	49,879	21,992	458,155	197,383
2010-03-03	$9.45	$9.00	46.6%	13.4%	51.4%	16.1%	45.1%	5.1%	6.7%	3.3M	-140.4M	-1.3M	0.22	4.08	N/A	N/A	11,113	2,399	474,280	211,087
2010-03-04	$9.41	$9.00	45.1%	12.9%	49.6%	14.6%	44.3%	3.7%	8.1%	3.2M	-136.4M	-1.3M	0.28	4.10	N/A	N/A	10,255	2,908	474,017	212,089
2010-03-05	$9.46	$9.00	44.0%	14.9%	46.2%	13.4%	50.7%	4.9%	0.0%	3.3M	-137.2M	-1.3M	0.82	3.46	N/A	N/A	3,970	3,263	471,455	213,363
2010-03-08	$9.59	$9.00	43.1%	14.6%	46.2%	12.5%	52.2%	5.0%	-0.9%	3.4M	-149.9M	-1.3M	0.02	3.36	N/A	N/A	51,249	1,219	472,020	214,404
2010-03-09	$9.41	$9.00	46.1%	15.3%	46.4%	15.5%	52.8%	4.6%	-1.6%	3.4M	-130.3M	-1.2M	0.22	3.72	N/A	N/A	5,559	1,210	461,954	212,879
2010-03-10	$9.87	$9.00	43.9%	14.6%	48.8%	13.3%	51.2%	4.2%	-1.2%	3.7M	-176.9M	-1.3M	1.45	3.64	N/A	N/A	18,427	26,743	465,414	213,132
2010-03-11	$9.80	$9.00	53.4%	15.3%	42.5%	23.0%	53.1%	3.5%	-1.9%	3.5M	-175.6M	-1.3M	0.38	3.48	N/A	N/A	24,037	9,233	470,575	218,056
2010-03-12	$9.97	$9.00	53.6%	15.4%	42.6%	23.2%	54.6%	2.8%	-2.0%	3.6M	-187.2M	-1.3M	0.09	4.26	N/A	N/A	74,533	6,825	481,027	229,736
2010-03-15	$9.73	$9.00	55.3%	15.8%	43.6%	25.0%	55.9%	2.2%	-3.7%	4.1M	-185.8M	-1.5M	0.21	3.76	N/A	N/A	21,633	4,640	540,140	231,329
2010-03-16	$10.21	$9.00	54.1%	15.5%	45.7%	23.8%	55.3%	3.2%	-3.3%	4.1M	-215.7M	-1.4M	0.57	3.75	N/A	N/A	20,150	11,391	503,407	233,052
2010-03-17	$10.40	$9.00	56.3%	16.1%	45.9%	26.0%	56.3%	2.7%	-4.5%	4.2M	-239.4M	-1.4M	0.18	2.94	N/A	N/A	42,147	7,609	513,729	241,483
2010-03-18	$10.16	$9.00	55.1%	15.8%	47.2%	24.8%	55.4%	2.6%	-4.4%	4.5M	-215.6M	-1.4M	0.17	4.19	N/A	N/A	19,746	3,268	524,151	246,109
2010-03-19	$9.95	$9.00	58.2%	16.7%	48.2%	28.0%	59.6%	-1.1%	-6.0%	4.5M	-186.0M	-1.4M	0.24	3.25	N/A	N/A	37,243	8,806	523,146	247,104
2010-03-22	$10.33	$9.00	55.6%	16.0%	49.5%	25.4%	55.8%	0.1%	-4.5%	4.3M	-210.1M	-1.4M	0.25	3.22	N/A	N/A	23,992	5,943	487,345	210,215
2010-03-23	$10.54	$9.00	54.0%	15.5%	46.7%	23.6%	54.6%	1.4%	-6.4%	4.5M	-231.7M	-1.4M	0.08	4.12	N/A	N/A	38,023	3,147	489,966	213,377
2010-03-24	$10.43	$9.00	55.5%	15.9%	44.2%	25.2%	55.7%	1.0%	-5.1%	4.5M	-227.3M	-1.5M	0.18	3.08	N/A	N/A	14,869	2,739	507,848	214,214
2010-03-25	$10.38	$9.00	55.3%	15.8%	44.2%	25.0%	55.6%	0.3%	-3.5%	4.7M	-225.5M	-1.5M	0.20	3.41	N/A	N/A	31,602	6,352	517,378	215,359
2010-03-26	$10.49	$9.00	55.0%	15.8%	44.2%	24.7%	55.7%	-0.3%	-3.1%	4.8M	-234.2M	-1.5M	0.31	4.94	N/A	N/A	10,804	3,326	524,637	217,862
2010-03-29	$10.63	$9.00	57.1%	16.4%	36.3%	26.8%	57.9%	-0.3%	-6.1%	5.0M	-251.8M	-1.5M	0.23	2.87	N/A	N/A	36,002	8,431	524,805	219,157
2010-03-30	$10.79	$9.00	60.8%	17.4%	35.2%	30.7%	60.9%	-0.8%	-9.0%	5.4M	-272.4M	-1.5M	0.38	3.98	N/A	N/A	75,935	28,499	541,457	222,575
2010-03-31	$10.37	$9.00	59.1%	16.9%	38.3%	28.9%	58.7%	1.7%	-7.0%	5.3M	-230.1M	-1.6M	0.45	3.12	N/A	N/A	72,056	32,292	579,861	239,681