MU Options History — May 2012

In May 2012, MU traded between $5.63 and $6.82. ATM implied volatility averaged 62.0%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded above realized volatility by 23.8% (HV 20d: 38.1%). Max pain ranged from $6.00 to $8.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2012-05-04: Highest Volume — 70,732 contracts
  • 2012-05-04: Largest IV spike — 22.6% change
  • 2012-05-08: Highest IV Rank — 23.5%
  • 2012-05-18: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.14$5.63$6.82$6.68$5.84
Max Pain$6.95$6.00$8.00$8.00$7.00
ATM IV62.0%49.4%73.3%49.4%57.8%
Expected Move17.4%13.1%20.0%13.1%17.2%
HV 20d38.1%31.8%44.2%31.8%43.6%
HV 60d41.2%38.4%43.3%42.4%38.6%
IV Rank16.1%8.8%23.5%8.8%12.0%
IV Percentile61.4%34.5%77.0%34.5%52.4%
Term Structure1.7%-3.9%5.6%4.1%5.6%
VWIV61.9%46.9%72.1%46.9%60.3%
Skew 25d0.8%-2.3%3.7%-0.9%0.7%
Skew 10d-1.3%-19.6%4.9%-6.5%-0.6%
Call IV 25d63.1%48.6%71.8%48.6%64.7%
Put IV 25d63.9%47.7%72.1%47.7%65.4%
Bid-Ask Spread %4.313.226.163.564.22
Gamma HHI0.190.160.240.240.19
Net GEX-1.1M-1.7M-706.5K-1.7M-1.0M
Net DEX126.7M111.0M151.5M123.3M127.1M
Net VEX-1.1M-1.3M-1.0M-1.2M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.081.040.440.28
Total Volume28,349.6828,82470,73226,8789,941
Total OI1,126,929.1821,019,1151,219,2481,106,3421,076,250

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-05-01$6.68$8.0049.4%13.1%31.8%8.8%46.9%-0.9%4.1%-1.7M123.3M-1.2M0.443.56N/AN/A18,6358,243560,765545,577
2012-05-02$6.82$8.0055.9%13.8%33.5%13.1%48.2%-2.3%2.7%-1.4M111.1M-1.3M0.083.22N/AN/A22,9891,846571,421548,247
2012-05-03$6.47$8.0052.7%14.8%35.1%10.9%52.0%0.3%1.6%-1.6M132.1M-1.2M0.434.05N/AN/A18,9678,130579,969545,141
2012-05-04$6.55$7.0064.6%17.0%35.8%18.8%59.9%0.5%-1.7%-1.1M113.3M-1.2M0.264.90N/AN/A56,01914,713591,622544,504
2012-05-07$6.50$7.0064.0%17.2%34.6%18.5%59.7%1.6%-1.7%-1.1M119.9M-1.2M0.134.74N/AN/A20,7002,726610,517542,214
2012-05-08$6.24$7.0073.3%18.7%36.0%23.5%65.7%0.1%-3.9%-1.1M130.7M-1.1M0.535.06N/AN/A28,59515,200621,211542,515
2012-05-09$6.36$6.0065.9%18.2%37.0%18.5%63.4%1.0%-1.5%-932.0K120.5M-1.2M0.463.31N/AN/A24,01011,038633,889550,348
2012-05-10$6.29$6.0059.3%17.0%37.1%14.1%58.6%2.2%0.9%-1.1M131.8M-1.2M0.333.31N/AN/A20,9896,857634,238553,944
2012-05-11$6.36$6.0058.2%16.7%36.8%13.3%58.1%1.4%1.8%-1.3M129.8M-1.2M0.424.18N/AN/A8,5203,615625,642555,537
2012-05-14$6.21$6.0060.8%17.4%36.0%15.1%61.3%3.7%0.9%-1.3M140.9M-1.1M0.685.47N/AN/A9,4476,387623,550554,593
2012-05-15$6.02$7.0063.1%18.1%35.8%16.6%63.2%2.4%0.5%-1.2M146.8M-1.1M0.844.63N/AN/A22,87619,197624,157555,914
2012-05-16$6.15$7.0064.5%18.5%37.0%17.6%67.8%1.2%0.7%-974.4K133.8M-1.1M0.686.16N/AN/A17,78812,133639,067559,915
2012-05-17$5.95$7.0068.0%19.5%38.1%20.0%71.2%1.0%0.2%-873.5K138.4M-1.1M1.044.61N/AN/A14,83415,372649,395561,109
2012-05-18$5.63$7.0069.8%20.0%38.5%21.1%72.1%-0.3%0.7%-930.9K151.5M-1.0M0.323.45N/AN/A26,3938,442654,597564,651
2012-05-21$5.78$7.0066.7%19.1%40.4%19.1%68.8%1.0%1.5%-936.1K123.9M-1.0M0.284.73N/AN/A23,1286,385501,734517,381
2012-05-22$5.71$7.0063.9%18.3%40.2%17.2%66.4%-0.7%3.6%-739.1K123.1M-1.0M0.714.33N/AN/A18,86113,424514,191519,326
2012-05-23$5.75$7.0064.6%18.5%40.4%17.6%65.8%0.1%3.5%-706.5K122.3M-1.1M0.374.77N/AN/A7,9702,932525,084528,497
2012-05-24$5.74$7.0063.1%18.1%39.8%16.7%64.2%-0.2%4.5%-966.9K123.6M-1.1M0.384.54N/AN/A8,4723,250530,541530,700
2012-05-25$5.96$7.0052.7%17.6%42.9%9.6%63.7%1.5%5.1%-899.1K115.2M-1.1M0.193.92N/AN/A21,9764,261533,664532,243
2012-05-29$6.12$7.0061.7%17.0%44.2%15.7%60.9%1.4%4.8%-843.2K111.0M-1.1M0.093.65N/AN/A45,5364,072536,137531,599
2012-05-30$5.99$7.0063.2%17.5%44.2%16.7%63.3%1.0%4.5%-917.5K116.3M-1.1M0.504.00N/AN/A5,8682,956537,282533,564
2012-05-31$5.84$7.0057.8%17.2%43.6%12.0%60.3%0.7%5.6%-1.0M127.1M-1.0M0.284.22N/AN/A7,7592,182542,869533,381