MU Options History — September 2010

In September 2010, MU traded between $6.51 and $7.29. ATM implied volatility averaged 50.1%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 5.2% (HV 20d: 55.2%). Max pain ranged from $8.00 to $8.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2010-09-29: Highest Volume — 80,550 contracts
  • 2010-09-07: Largest IV spike — 15.7% change
  • 2010-09-30: Highest IV Rank — 60.3%
  • 2010-09-30: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.93$6.51$7.29$6.73$7.21
Max Pain$8.00$8.00$8.00$8.00$8.00
ATM IV50.1%39.5%57.2%45.5%57.2%
Expected Move14.6%12.3%16.4%13.0%16.4%
HV 20d55.2%42.6%63.3%42.6%60.0%
HV 60d55.2%49.5%58.7%55.5%50.6%
IV Rank43.9%19.5%60.3%33.2%60.3%
IV Percentile47.8%1.6%82.9%24.2%82.9%
Term Structure0.4%-3.9%7.4%5.9%-3.9%
VWIV51.8%43.0%57.4%47.0%57.4%
Skew 25d2.7%-1.4%5.1%4.0%1.5%
Skew 10d4.3%-6.6%9.7%0.6%1.2%
Call IV 25d52.8%46.6%59.8%47.2%59.8%
Put IV 25d55.5%48.9%61.3%51.1%61.3%
Bid-Ask Spread %2.731.883.333.332.82
Gamma HHI0.170.160.180.170.16
Net GEX483.3K-32.0K1.3M59.7K1.3M
Net DEX80.6M30.4M117.5M106.7M32.1M
Net VEX-965.1K-1.1M-835.9K-903.0K-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.122.690.172.69
Total Volume28,030.3335,67880,55017,36344,231
Total OI1,137,191.7141,078,3091,193,6861,112,7191,193,686

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-09-01$6.73$8.0045.5%13.0%42.6%33.2%47.0%4.0%5.9%59.7K106.7M-903.0K0.173.33N/AN/A14,8492,514727,592385,127
2010-09-02$6.83$8.0042.9%12.3%43.0%27.3%43.0%2.3%7.4%151.1K99.6M-957.6K0.182.59N/AN/A4,821857732,151384,778
2010-09-03$7.05$8.0039.5%13.8%44.8%19.5%49.1%4.8%2.1%335.5K83.8M-1.0M0.373.25N/AN/A6,5002,430733,481384,514
2010-09-07$6.75$8.0045.6%14.5%47.0%33.7%51.6%3.5%4.4%64.2K107.2M-885.8K0.442.89N/AN/A5,3542,361735,535385,378
2010-09-08$6.60$8.0047.6%14.7%46.0%38.2%53.3%5.1%4.1%-32.0K117.5M-835.9K0.172.37N/AN/A31,5375,252737,623386,742
2010-09-09$6.80$8.0050.2%14.4%47.4%44.3%51.2%2.8%1.1%217.9K99.5M-939.5K0.242.55N/AN/A13,7963,269764,214388,261
2010-09-10$6.51$8.0051.1%14.7%47.9%46.3%52.8%4.1%3.1%107.5K116.0M-848.9K0.232.28N/AN/A20,8554,816770,606390,284
2010-09-13$7.05$8.0052.1%14.9%56.6%48.6%52.7%4.5%-0.3%580.8K75.7M-1.0M0.972.83N/AN/A23,16322,582778,168388,293
2010-09-14$7.27$8.0053.7%15.4%57.6%52.1%53.4%3.1%-1.1%899.7K51.4M-1.1M0.122.61N/AN/A32,6523,897781,873389,111
2010-09-15$6.94$8.0053.0%15.2%59.5%50.6%54.1%2.8%-1.2%526.3K83.2M-987.6K0.593.11N/AN/A10,1235,962786,723389,818
2010-09-16$7.10$8.0051.9%14.9%59.7%48.0%52.4%4.0%0.1%604.0K71.7M-1.0M0.283.04N/AN/A15,6564,380788,279391,653
2010-09-17$6.76$8.0052.7%15.1%60.8%49.8%53.8%2.1%-1.1%447.5K100.1M-941.6K0.502.31N/AN/A14,7287,362798,263392,011
2010-09-20$6.94$8.0049.8%14.3%61.6%43.1%50.5%3.0%-0.8%253.6K80.1M-915.4K0.152.07N/AN/A21,0513,102715,467362,842
2010-09-21$6.88$8.0049.7%14.2%60.1%42.9%49.8%2.2%-0.6%432.7K79.4M-924.1K1.112.55N/AN/A10,99612,246726,269363,899
2010-09-22$6.72$8.0047.5%13.6%58.6%37.9%49.0%3.3%0.5%215.9K95.7M-857.4K0.643.17N/AN/A9,6546,142729,865368,528
2010-09-23$6.67$8.0049.9%14.3%58.6%43.4%50.7%1.1%-0.7%278.3K93.6M-853.0K0.272.62N/AN/A19,2105,112733,001369,647
2010-09-24$7.20$8.0052.1%14.9%62.7%48.5%52.1%2.5%-2.9%906.6K48.5M-1.0M0.593.08N/AN/A29,11917,096742,193373,183
2010-09-27$7.03$8.0052.8%15.1%63.3%50.1%53.9%-1.4%-3.3%716.5K63.8M-972.4K0.761.88N/AN/A12,8649,816748,634376,250
2010-09-28$7.15$8.0051.8%14.9%61.3%47.9%52.7%0.7%-1.3%833.7K55.9M-1.0M0.292.71N/AN/A37,06910,663751,506378,024
2010-09-29$7.29$8.0055.4%15.9%61.1%56.1%56.3%1.2%-2.5%1.2M30.4M-1.1M0.183.23N/AN/A68,25812,292774,972382,582
2010-09-30$7.21$8.0057.2%16.4%60.0%60.3%57.4%1.5%-3.9%1.3M32.1M-1.1M2.692.82N/AN/A11,98432,247804,348389,338