MU Options History — August 2010

In August 2010, MU traded between $6.46 and $7.70. ATM implied volatility averaged 46.4%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 1.3% (HV 20d: 47.8%). Max pain ranged from $8.00 to $9.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.89.

Notable Days

2010-08-05: Highest Volume — 68,721 contracts
2010-08-10: Largest IV spike — 17.1% change
2010-08-31: Highest IV Rank — 51.7%
2010-08-31: Largest Expected Move — 15.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.23	$6.46	$7.70	$7.65	$6.46
Max Pain	$8.18	$8.00	$9.00	$9.00	$8.00
ATM IV	46.4%	39.3%	53.5%	42.9%	53.5%
Expected Move	13.4%	11.6%	15.3%	12.3%	15.3%
HV 20d	47.8%	40.3%	53.5%	53.5%	40.3%
HV 60d	58.5%	55.0%	61.3%	61.3%	55.0%
IV Rank	35.5%	19.0%	51.7%	27.3%	51.7%
IV Percentile	27.4%	1.2%	58.7%	7.5%	58.7%
Term Structure	3.4%	0.2%	5.5%	1.2%	3.7%
VWIV	47.1%	42.1%	50.7%	44.8%	50.7%
Skew 25d	3.7%	1.2%	5.6%	4.0%	5.0%
Skew 10d	5.4%	-9.2%	12.4%	9.8%	8.3%
Call IV 25d	46.8%	42.7%	50.1%	44.0%	49.6%
Put IV 25d	50.5%	45.1%	54.6%	48.1%	54.6%
Bid-Ask Spread %	3.10	2.08	4.97	2.97	4.97
Gamma HHI	0.16	0.14	0.18	0.17	0.18
Net GEX	892.0K	-49.0K	1.9M	1.8M	-49.0K
Net DEX	75.8M	36.4M	118.9M	40.5M	118.9M
Net VEX	-1.1M	-1.3M	-805.3K	-1.3M	-805.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.17	2.63	1.20	1.17
Total Volume	25,837.636	7,524	68,721	40,463	20,309
Total OI	1,117,013.727	1,047,859	1,189,561	1,047,859	1,100,312

Daily Data (22 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
2010-08-02	$7.65	$9.00	42.9%	12.3%	53.5%	27.3%	44.8%	4.0%	1.2%	1.8M	40.5M	-1.3M	1.20	2.97	N/A	N/A	18,418	22,045	707,646	340,213
2010-08-03	$7.47	$9.00	47.4%	13.6%	53.5%	37.8%	44.2%	4.7%	0.2%	1.4M	56.2M	-1.2M	0.19	3.07	N/A	N/A	15,560	2,912	711,683	349,282
2010-08-04	$7.64	$9.00	41.0%	11.8%	48.3%	23.1%	42.4%	1.2%	2.0%	1.7M	43.4M	-1.2M	0.17	2.50	N/A	N/A	20,132	3,346	714,937	349,445
2010-08-05	$7.70	$9.00	40.5%	11.6%	48.3%	21.9%	42.1%	4.1%	2.2%	1.9M	36.4M	-1.3M	0.36	3.31	N/A	N/A	50,464	18,257	726,572	350,483
2010-08-06	$7.58	$8.00	39.3%	12.1%	48.3%	19.0%	42.1%	4.9%	3.3%	1.8M	48.6M	-1.3M	1.50	2.08	N/A	N/A	14,347	21,457	753,343	367,506
2010-08-09	$7.54	$8.00	40.0%	12.5%	48.3%	20.7%	45.5%	2.7%	3.0%	1.7M	57.7M	-1.2M	0.68	2.48	N/A	N/A	15,888	10,797	754,036	371,603
2010-08-10	$7.27	$8.00	46.8%	13.4%	48.3%	36.4%	46.1%	4.3%	3.1%	1.1M	82.9M	-1.1M	0.85	2.40	N/A	N/A	7,466	6,311	759,245	377,827
2010-08-11	$7.15	$8.00	49.2%	14.0%	48.2%	41.9%	48.2%	4.5%	4.3%	1.0M	85.6M	-1.1M	0.23	4.57	N/A	N/A	15,300	3,520	761,962	380,431
2010-08-12	$7.37	$8.00	49.1%	14.1%	50.3%	41.6%	49.3%	3.9%	3.2%	1.5M	63.9M	-1.2M	2.13	2.16	N/A	N/A	12,050	25,658	765,291	378,504
2010-08-13	$7.28	$8.00	49.2%	14.1%	48.3%	41.8%	50.1%	4.4%	3.4%	1.1M	77.6M	-1.2M	1.59	2.86	N/A	N/A	6,861	10,881	769,258	397,509
2010-08-16	$7.18	$8.00	49.1%	14.1%	47.4%	41.7%	48.5%	5.6%	2.6%	754.6K	86.5M	-1.2M	0.48	2.66	N/A	N/A	11,778	5,682	773,023	399,523
2010-08-17	$7.31	$8.00	48.2%	13.8%	48.2%	39.5%	49.7%	4.5%	3.5%	904.7K	77.6M	-1.2M	1.19	3.29	N/A	N/A	19,143	22,800	781,372	400,283
2010-08-18	$7.45	$8.00	46.8%	13.4%	48.0%	36.3%	45.2%	3.2%	3.9%	1.0M	73.9M	-1.2M	2.63	2.67	N/A	N/A	2,519	6,613	769,676	417,049
2010-08-19	$7.18	$8.00	47.8%	13.7%	45.6%	38.7%	47.4%	4.4%	3.6%	152.0K	96.5M	-1.1M	0.49	2.77	N/A	N/A	5,034	2,490	768,403	419,283
2010-08-20	$7.12	$8.00	46.2%	13.2%	45.6%	34.9%	49.0%	1.7%	4.7%	85.7K	105.3M	-1.0M	0.87	2.79	N/A	N/A	7,031	6,107	769,947	419,614
2010-08-23	$7.38	$8.00	45.3%	13.0%	48.1%	32.9%	45.7%	2.4%	5.5%	679.3K	57.4M	-1.2M	0.57	3.35	N/A	N/A	7,429	4,237	690,852	369,529
2010-08-24	$7.06	$8.00	47.8%	13.7%	49.9%	38.7%	48.8%	2.0%	5.1%	408.1K	77.3M	-1.1M	1.48	3.77	N/A	N/A	10,114	14,927	693,330	372,183
2010-08-25	$7.10	$8.00	48.8%	14.0%	49.8%	41.0%	48.9%	3.3%	4.0%	404.3K	76.2M	-1.1M	0.22	3.12	N/A	N/A	49,972	10,882	697,604	371,665
2010-08-26	$6.78	$8.00	47.8%	13.7%	48.5%	38.6%	47.7%	4.2%	4.4%	156.4K	95.4M	-984.6K	0.84	3.79	N/A	N/A	16,144	13,620	710,164	375,019
2010-08-27	$6.83	$8.00	46.6%	13.4%	43.3%	35.9%	49.3%	3.7%	5.1%	191.3K	94.8M	-992.1K	0.54	3.08	N/A	N/A	7,806	4,246	718,296	379,233
2010-08-30	$6.54	$8.00	48.3%	13.9%	40.7%	39.8%	50.7%	2.4%	3.6%	-25.5K	113.9M	-841.6K	0.18	3.50	N/A	N/A	15,144	2,731	714,390	376,776
2010-08-31	$6.46	$8.00	53.5%	15.3%	40.3%	51.7%	50.7%	5.0%	3.7%	-49.0K	118.9M	-805.3K	1.17	4.97	N/A	N/A	9,350	10,959	722,992	377,320