MU Options History — June 2011

In June 2011, MU traded between $7.21 and $9.55. ATM implied volatility averaged 48.5%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 2.4% (HV 20d: 46.1%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.52.

Notable Days

  • 2011-06-24: Highest Volume — 96,853 contracts
  • 2011-06-30: Largest IV drop — 10.5% change
  • 2011-06-17: Highest IV Rank — 56.0%
  • 2011-06-17: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.25$7.21$9.55$9.55$7.48
Max Pain$9.64$9.00$10.00$10.00$9.00
ATM IV48.5%41.4%54.5%42.9%42.1%
Expected Move14.2%12.1%15.6%12.3%12.1%
HV 20d46.1%36.5%66.7%42.7%63.9%
HV 60d42.9%37.5%49.9%43.0%49.9%
IV Rank41.2%23.6%56.0%27.1%25.1%
IV Percentile67.5%25.4%93.3%31.7%28.6%
Term Structure-1.1%-5.2%5.1%4.8%4.0%
VWIV50.1%42.7%57.4%42.7%42.7%
Skew 25d1.5%-1.7%5.7%-1.7%-0.6%
Skew 10d2.4%-2.4%7.5%0.7%5.4%
Call IV 25d50.3%43.3%55.4%44.3%43.3%
Put IV 25d51.8%42.5%57.3%42.5%42.6%
Bid-Ask Spread %3.492.634.964.962.65
Gamma HHI0.150.110.200.130.11
Net GEX674.7K-14.5K2.4M2.4M212.4K
Net DEX54.6M-28.8M96.5M-28.8M82.3M
Net VEX-993.7K-1.3M-743.6K-1.3M-789.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.171.490.320.24
Total Volume45,224.68216,82396,85350,14216,823
Total OI937,199.182852,8461,013,364852,846987,594

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-06-01$9.55$10.0042.9%12.3%42.7%27.1%42.7%-1.7%4.8%2.4M-28.8M-1.3M0.324.96N/AN/A37,84812,294586,855265,991
2011-06-02$9.41$10.0042.5%12.2%42.7%26.2%43.2%-0.6%5.1%2.2M-17.6M-1.3M0.544.49N/AN/A32,12017,222602,826268,075
2011-06-03$9.16$10.0041.4%13.7%42.4%23.6%48.8%0.7%0.2%1.8M4.6M-1.2M1.093.67N/AN/A12,44813,615618,281274,308
2011-06-06$9.04$10.0044.0%14.2%42.4%29.8%50.5%-0.1%-0.7%1.7M7.4M-1.2M0.193.43N/AN/A51,4819,947621,393276,373
2011-06-07$8.95$10.0041.7%14.0%41.0%24.2%49.4%1.3%-0.9%1.3M26.9M-1.1M0.523.14N/AN/A14,1287,308632,081280,301
2011-06-08$8.50$10.0046.0%14.9%42.7%34.8%52.9%-0.5%-2.3%874.4K53.7M-1.0M0.233.47N/AN/A43,30310,147631,963281,900
2011-06-09$8.49$10.0049.2%14.1%42.7%42.8%49.4%-0.3%-1.0%804.4K59.0M-996.2K1.493.47N/AN/A36,78754,642648,247281,256
2011-06-10$8.44$10.0051.0%14.6%40.9%47.4%51.5%1.4%-1.9%341.3K64.5M-1.1M1.053.18N/AN/A18,75819,764662,617322,216
2011-06-13$8.29$10.0051.8%14.8%40.6%49.2%51.9%1.4%-2.4%158.4K82.1M-1.0M0.243.81N/AN/A27,2276,521666,036337,634
2011-06-14$8.40$10.0050.1%14.4%40.5%45.1%49.9%1.1%-1.7%342.9K70.1M-1.0M0.283.22N/AN/A22,1036,283670,823328,978
2011-06-15$8.07$10.0050.7%14.5%38.0%46.6%51.6%2.3%-2.5%340.0K86.6M-964.4K0.553.26N/AN/A23,55212,840679,376326,786
2011-06-16$7.87$10.0052.3%15.0%37.4%50.6%54.1%1.4%-2.7%292.8K92.8M-935.6K0.613.87N/AN/A16,0449,710681,637328,697
2011-06-17$7.83$10.0054.5%15.6%36.5%56.0%57.4%1.4%-4.6%227.7K93.6M-932.5K1.114.16N/AN/A22,05624,426684,611328,753
2011-06-20$7.91$10.0052.7%15.1%37.3%51.4%52.8%3.6%-3.2%45.2K59.3M-914.1K0.293.19N/AN/A47,66813,798570,294284,056
2011-06-21$8.14$9.0051.1%14.7%39.3%47.5%52.0%3.8%-3.5%336.1K47.7M-966.5K0.282.95N/AN/A22,3246,209584,677293,549
2011-06-22$8.17$9.0051.2%14.7%39.6%47.8%53.0%1.4%-3.9%374.5K42.2M-983.2K0.223.12N/AN/A24,7795,383589,948295,317
2011-06-23$8.43$9.0054.4%15.6%42.0%55.7%54.1%3.5%-5.2%857.4K21.4M-1.1M0.174.06N/AN/A73,13212,461597,396295,728
2011-06-24$7.21$9.0052.3%15.0%66.7%50.6%52.1%3.3%-0.9%21.1K96.5M-743.6K0.583.06N/AN/A61,13835,715631,777300,795
2011-06-27$7.34$9.0051.6%14.8%66.3%48.7%50.0%5.7%-1.9%67.0K84.9M-771.9K0.703.40N/AN/A24,05716,877646,237310,799
2011-06-28$7.35$9.0047.3%13.6%65.5%38.1%46.7%4.0%0.2%-14.5K91.5M-762.0K0.492.63N/AN/A16,0127,897652,943316,028
2011-06-29$7.47$9.0047.0%13.5%63.7%37.3%46.2%0.1%1.5%118.6K80.9M-793.2K0.253.49N/AN/A38,3719,725656,710316,520
2011-06-30$7.48$9.0042.1%12.1%63.9%25.1%42.7%-0.6%4.0%212.4K82.3M-789.2K0.242.65N/AN/A13,5543,269668,319319,275