MU Options History — May 2010

In May 2010, MU traded between $8.57 and $9.89. ATM implied volatility averaged 60.2%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded above realized volatility by 1.4% (HV 20d: 58.8%). Max pain ranged from $9.00 to $11.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2010-05-06: Highest Volume — 57,060 contracts
  • 2010-05-10: Largest IV drop — 18.2% change
  • 2010-05-20: Highest IV Rank — 65.9%
  • 2010-05-07: Largest Expected Move — 20.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.05$8.57$9.89$9.89$9.09
Max Pain$9.85$9.00$11.00$11.00$9.00
ATM IV60.2%48.1%74.5%48.1%51.8%
Expected Move17.3%13.8%20.5%13.8%14.8%
HV 20d58.8%51.2%67.3%52.0%61.1%
HV 60d48.8%46.4%50.6%46.4%50.3%
IV Rank41.2%17.6%65.9%17.6%35.6%
IV Percentile64.9%24.6%91.3%24.6%34.9%
Term Structure2.2%-2.1%4.1%1.8%4.1%
VWIV60.3%45.9%73.3%48.3%52.5%
Skew 25d9.3%4.2%14.4%4.2%11.0%
Skew 10d18.6%7.4%30.1%7.4%17.5%
Call IV 25d57.9%42.6%69.3%47.8%47.9%
Put IV 25d67.2%52.0%80.1%52.0%58.9%
Bid-Ask Spread %5.253.0712.734.824.35
Gamma HHI0.190.170.230.170.22
Net GEX3.0M2.2M4.2M3.7M3.4M
Net DEX-99.1M-153.0M-67.3M-144.4M-125.5M
Net VEX-1.7M-1.8M-1.6M-1.8M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.101.730.100.60
Total Volume30,447.214,99857,06029,05414,998
Total OI849,573.6770,493914,621811,273818,097

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-05-03$9.89$11.0048.1%13.8%52.0%17.6%48.3%4.2%1.8%3.7M-144.4M-1.8M0.104.82N/AN/A26,4072,647592,230219,043
2010-05-04$9.52$10.0054.8%15.7%52.2%24.5%56.6%4.5%0.4%3.2M-118.6M-1.8M0.653.35N/AN/A13,3778,749597,511219,799
2010-05-05$9.26$10.0059.1%16.9%51.2%28.9%58.9%4.9%0.4%2.9M-102.8M-1.8M0.964.77N/AN/A10,93510,526610,105222,675
2010-05-06$8.75$10.0069.8%20.0%54.0%40.0%70.3%7.7%-2.1%2.2M-71.5M-1.6M0.3912.73N/AN/A41,04516,015608,823226,721
2010-05-07$8.57$10.0074.5%20.5%53.4%44.8%73.3%11.3%0.2%2.2M-67.3M-1.6M0.505.55N/AN/A21,53310,808622,110230,899
2010-05-10$9.09$10.0060.9%17.9%58.6%30.8%61.9%9.8%2.8%2.8M-97.4M-1.7M0.564.86N/AN/A15,9358,961629,994231,665
2010-05-11$8.82$10.0057.5%17.2%59.1%27.3%59.2%9.9%3.4%2.6M-74.6M-1.6M0.944.20N/AN/A10,64110,001631,637228,874
2010-05-12$9.33$10.0054.2%16.7%60.1%23.9%57.1%9.7%2.9%3.2M-114.5M-1.7M0.335.40N/AN/A29,8159,898632,282228,862
2010-05-13$9.14$10.0058.3%16.7%60.2%28.1%56.1%8.5%2.6%3.1M-100.7M-1.7M0.334.73N/AN/A28,0929,336639,513236,211
2010-05-14$8.94$10.0062.3%17.9%60.2%53.7%60.6%8.5%2.5%2.8M-85.4M-1.7M0.494.90N/AN/A21,78310,622644,723240,830
2010-05-17$9.17$10.0061.7%17.7%61.5%52.7%58.6%8.4%2.7%3.1M-100.6M-1.7M1.735.12N/AN/A12,39421,400647,276247,133
2010-05-18$9.07$11.0063.4%18.2%61.5%55.6%61.9%9.8%1.9%3.2M-95.4M-1.7M0.385.60N/AN/A19,4347,479648,188248,990
2010-05-19$8.96$11.0063.5%18.2%61.4%55.7%67.0%8.0%3.1%3.4M-79.4M-1.7M0.225.32N/AN/A16,0203,523651,951255,779
2010-05-20$8.74$10.0069.5%19.9%60.8%65.9%72.8%8.3%2.4%3.0M-75.7M-1.6M0.316.62N/AN/A33,08410,121660,381253,440
2010-05-21$8.93$9.0068.9%19.8%61.6%65.0%69.5%13.6%1.8%4.2M-81.1M-1.7M0.585.19N/AN/A22,52113,122660,912253,709
2010-05-24$8.79$9.0062.2%17.8%61.6%53.4%60.4%13.3%2.5%2.5M-98.2M-1.6M0.143.82N/AN/A18,2052,518560,848209,645
2010-05-25$8.80$9.0059.7%17.1%59.0%49.1%60.4%14.4%3.4%2.6M-103.8M-1.6M0.435.32N/AN/A10,5654,516571,916209,739
2010-05-26$8.69$9.0054.2%15.5%59.0%39.8%54.4%8.2%3.8%2.6M-91.6M-1.6M0.145.21N/AN/A48,4456,893575,681210,989
2010-05-27$9.44$9.0049.8%14.3%67.3%32.2%45.9%11.7%4.0%3.7M-153.0M-1.7M0.163.07N/AN/A22,9423,638597,890214,401
2010-05-28$9.09$9.0051.8%14.8%61.1%35.6%52.5%11.0%4.1%3.4M-125.5M-1.7M0.604.35N/AN/A9,3805,618603,152214,945