MU Options History — April 2010

In April 2010, MU traded between $9.35 and $11.30. ATM implied volatility averaged 44.2%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 3.9% (HV 20d: 40.3%). Max pain ranged from $9.00 to $11.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.31.

Notable Days

  • 2010-04-01: Highest Volume — 156,557 contracts
  • 2010-04-15: Largest IV spike — 27.0% change
  • 2010-04-30: Highest IV Rank — 21.2%
  • 2010-04-30: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.63$9.35$11.30$10.17$9.35
Max Pain$10.90$9.00$11.00$9.00$11.00
ATM IV44.2%35.4%51.6%43.5%51.6%
Expected Move12.8%11.6%14.8%12.5%14.8%
HV 20d40.3%36.6%50.0%39.1%50.0%
HV 60d47.8%42.9%51.3%50.3%46.1%
IV Rank13.6%4.5%21.2%12.9%21.2%
IV Percentile9.4%0.4%32.9%4.0%32.9%
Term Structure2.4%1.1%4.3%1.7%2.0%
VWIV45.1%41.8%52.1%44.4%52.1%
Skew 25d3.0%0.1%4.1%0.1%1.1%
Skew 10d5.7%-3.0%8.1%-3.0%-0.5%
Call IV 25d44.4%40.4%53.2%44.6%53.2%
Put IV 25d47.3%43.7%54.3%44.7%54.3%
Bid-Ask Spread %3.672.794.754.533.44
Gamma HHI0.270.150.680.250.16
Net GEX7.4M2.9M25.0M5.3M2.9M
Net DEX-247.0M-420.1M-100.7M-194.1M-100.7M
Net VEX-1.8M-2.0M-1.5M-1.5M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.050.780.480.36
Total Volume44,653.61913,306156,557156,55734,033
Total OI853,023.143679,250992,712866,810801,154

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-04-01$10.17$9.0043.5%12.5%39.1%12.9%44.4%0.1%1.7%5.3M-194.1M-1.5M0.484.53N/AN/A105,80650,751607,383259,427
2010-04-05$10.60$11.0047.3%13.0%41.3%16.8%46.8%3.1%1.9%7.4M-268.6M-1.7M0.344.75N/AN/A25,4198,631645,094267,694
2010-04-06$10.23$11.0046.8%13.4%43.7%16.3%46.2%2.7%2.4%6.0M-217.9M-1.6M0.162.79N/AN/A28,1274,478647,171265,913
2010-04-07$10.56$11.0045.4%13.2%44.0%14.8%46.3%3.9%2.0%7.6M-265.3M-1.7M0.373.90N/AN/A32,44311,885645,704266,873
2010-04-08$10.58$11.0046.4%13.3%41.1%15.8%46.7%3.4%2.3%7.3M-273.8M-1.7M0.232.80N/AN/A10,8102,496645,704266,873
2010-04-09$10.73$11.0043.2%12.8%41.1%12.6%45.3%3.4%3.0%8.4M-296.5M-1.7M0.723.50N/AN/A49,63535,900654,164267,662
2010-04-12$10.82$11.0046.7%13.3%40.8%16.1%47.1%3.3%1.7%9.4M-315.5M-1.8M0.204.66N/AN/A47,5059,449682,203299,865
2010-04-13$10.76$11.0047.4%13.1%39.6%16.9%46.1%3.7%1.9%10.0M-311.1M-1.9M0.053.00N/AN/A34,2081,760699,533293,179
2010-04-14$11.30$11.0035.4%12.6%39.7%4.5%44.7%2.8%2.8%12.0M-420.1M-1.9M0.233.59N/AN/A63,10614,314699,193292,893
2010-04-15$11.18$11.0045.0%12.9%39.8%14.4%44.5%2.7%2.9%14.2M-385.3M-1.9M0.103.40N/AN/A54,0835,307684,004301,195
2010-04-16$10.92$11.0044.1%12.7%39.8%13.5%44.9%3.2%4.3%25.0M-290.6M-1.9M0.184.06N/AN/A39,2676,970691,818299,281
2010-04-19$10.79$11.0043.7%12.5%39.2%13.1%44.6%3.2%1.1%4.1M-204.7M-1.8M0.233.14N/AN/A21,1554,896502,593176,657
2010-04-20$10.75$11.0042.6%12.2%37.2%11.9%42.9%3.2%1.6%4.3M-202.6M-1.8M0.783.28N/AN/A32,12925,132513,132174,560
2010-04-21$10.74$11.0041.5%11.9%36.6%10.8%41.9%1.6%1.9%4.5M-210.2M-2.0M0.463.23N/AN/A10,8004,934540,818199,150
2010-04-22$10.93$11.0041.4%11.9%36.8%10.7%41.8%2.8%2.4%4.8M-231.9M-2.0M0.403.41N/AN/A16,8066,696544,653202,739
2010-04-23$11.00$11.0040.4%11.6%36.7%9.7%42.7%3.4%3.3%4.9M-237.6M-2.0M0.203.80N/AN/A15,3923,069550,888207,201
2010-04-26$10.97$11.0042.3%12.1%36.6%11.6%45.1%3.7%2.4%4.9M-238.0M-2.0M0.113.79N/AN/A17,2861,827554,871207,773
2010-04-27$10.34$11.0044.3%12.7%42.3%13.7%43.8%3.4%2.6%4.2M-180.6M-1.9M0.203.62N/AN/A22,5354,550566,874208,091
2010-04-28$10.24$11.0045.1%12.9%42.0%14.5%44.8%4.1%3.5%4.1M-172.5M-1.9M0.264.48N/AN/A39,46010,316571,239209,777
2010-04-29$10.21$11.0043.9%12.6%39.6%13.3%44.0%3.5%2.0%4.0M-170.3M-1.9M0.513.83N/AN/A16,1148,246583,433215,057
2010-04-30$9.35$11.0051.6%14.8%50.0%21.2%52.1%1.1%2.0%2.9M-100.7M-1.7M0.363.44N/AN/A25,0428,991584,676216,478