MU Options History — November 2011

In November 2011, MU traded between $5.18 and $6.74. ATM implied volatility averaged 76.3%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded below realized volatility by 7.0% (HV 20d: 83.2%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2011-11-16: Highest Volume — 89,897 contracts
  • 2011-11-09: Largest IV spike — 47.9% change
  • 2011-11-02: Highest IV Rank — 50.7%
  • 2011-11-01: Largest Expected Move — 27.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.76$5.18$6.74$5.29$5.99
Max Pain$5.29$5.00$6.00$5.00$6.00
ATM IV76.3%59.6%110.4%104.1%71.7%
Expected Move21.2%17.2%27.6%27.6%17.2%
HV 20d83.2%58.5%104.3%65.8%102.0%
HV 60d84.3%78.9%88.8%84.4%88.1%
IV Rank28.6%17.9%50.7%46.6%25.7%
IV Percentile80.8%72.2%98.4%98.0%75.4%
Term Structure-1.2%-18.5%5.9%-18.5%5.9%
VWIV74.4%63.2%94.8%94.8%63.2%
Skew 25d8.8%1.5%15.3%14.6%8.9%
Skew 10d19.3%3.6%32.1%30.6%15.9%
Call IV 25d72.1%59.6%92.8%92.8%59.6%
Put IV 25d80.9%68.4%107.4%107.4%68.4%
Bid-Ask Spread %5.433.0724.698.744.04
Gamma HHI0.230.160.390.180.21
Net GEX761.7K239.0K1.7M363.6K864.9K
Net DEX7.3M-58.5M30.6M23.0M10.0M
Net VEX-431.9K-568.3K-367.0K-389.0K-417.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.171.231.230.40
Total Volume28,611.199,74289,89722,23624,992
Total OI689,517.381646,502756,118646,502677,973

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-11-01$5.29$5.00104.1%27.6%65.8%46.6%94.8%14.6%-18.5%363.6K23.0M-389.0K1.238.74N/AN/A9,98012,256451,342195,160
2011-11-02$5.43$5.00110.4%24.6%58.5%50.7%78.9%13.3%-8.6%413.1K22.8M-390.5K0.584.41N/AN/A12,0786,949452,816200,045
2011-11-03$5.84$5.0065.2%21.1%63.3%21.5%77.5%8.3%-6.6%751.3K9.1M-443.4K1.024.40N/AN/A14,30614,655454,236203,357
2011-11-04$5.89$6.0059.6%19.8%63.2%17.9%71.1%9.7%-1.9%842.7K6.2M-452.5K0.444.64N/AN/A26,96511,764460,284205,826
2011-11-07$5.85$6.0073.4%20.7%62.2%26.8%75.7%7.4%-1.9%835.0K5.2M-459.6K0.465.70N/AN/A25,43511,587467,373206,503
2011-11-08$5.91$6.0062.7%19.8%62.2%19.9%75.7%8.7%-0.8%1.1M260.1K-465.0K0.414.62N/AN/A19,3668,031479,263211,969
2011-11-09$5.35$6.0092.7%23.8%72.7%39.2%80.9%10.3%-4.7%461.6K23.6M-401.9K0.746.60N/AN/A14,16310,499486,484215,015
2011-11-10$5.18$6.0083.4%23.9%70.2%33.2%82.5%13.8%-4.9%239.0K30.6M-367.0K0.354.17N/AN/A31,60811,025486,782218,457
2011-11-11$5.43$5.0080.0%22.9%71.4%31.0%77.2%14.6%-3.5%529.8K21.2M-400.6K0.753.83N/AN/A15,77511,896502,002219,640
2011-11-14$5.35$5.0080.0%22.9%69.5%31.0%76.7%15.3%-4.2%390.5K26.4M-378.6K0.253.87N/AN/A13,5963,442503,127222,781
2011-11-15$5.46$5.0078.6%22.5%66.2%30.1%77.6%7.1%-2.7%503.5K21.5M-396.8K0.463.91N/AN/A12,6265,745505,905225,073
2011-11-16$6.74$5.0072.6%20.8%98.9%26.3%76.5%3.5%5.1%1.7M-58.5M-568.3K0.3824.69N/AN/A65,18324,714510,504218,916
2011-11-17$6.33$5.0071.3%20.4%102.2%25.4%71.4%1.5%3.2%1.7M-38.9M-521.0K0.383.07N/AN/A36,73313,948529,239226,879
2011-11-18$6.29$5.0065.1%18.7%101.7%21.4%63.3%7.6%4.1%1.5M-27.2M-484.1K0.323.90N/AN/A31,17510,024523,855230,272
2011-11-21$6.09$5.0065.5%18.8%102.0%21.7%64.8%9.7%4.3%678.7K2.9M-463.1K0.304.10N/AN/A15,8234,821462,358184,824
2011-11-22$6.10$5.0069.0%19.8%101.2%23.9%69.1%10.1%2.0%737.4K886.8K-467.9K0.354.28N/AN/A16,4615,716468,175186,492
2011-11-23$5.71$5.0069.5%19.9%104.3%24.3%71.2%3.0%1.4%634.2K12.3M-429.1K0.603.15N/AN/A9,9836,030474,941187,943
2011-11-25$5.50$5.0087.4%21.9%104.1%35.8%75.3%4.2%0.2%520.6K20.9M-391.2K0.483.45N/AN/A6,5863,156480,488190,503
2011-11-28$5.62$5.0066.8%19.7%103.7%22.5%71.1%5.9%2.1%575.5K20.4M-393.7K0.173.89N/AN/A8,4091,460484,698191,974
2011-11-29$5.64$5.0072.8%18.4%102.2%26.4%68.5%7.2%4.7%618.2K20.1M-388.4K0.564.52N/AN/A7,6274,247484,268192,123
2011-11-30$5.99$6.0071.7%17.2%102.0%25.7%63.2%8.9%5.9%864.9K10.0M-417.1K0.404.04N/AN/A17,7957,197485,379192,594