MU Options History — August 2012

In August 2012, MU traded between $6.16 and $6.89. ATM implied volatility averaged 43.2%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 6.9% (HV 20d: 36.3%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.68.

Notable Days

2012-08-29: Highest Volume — 159,733 contracts
2012-08-06: Largest IV spike — 45.8% change
2012-08-01: Highest IV Rank — 12.9%
2012-08-01: Largest Expected Move — 13.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.45	$6.16	$6.89	$6.27	$6.21
Max Pain	$6.83	$6.00	$7.00	$6.00	$7.00
ATM IV	43.2%	29.1%	59.2%	59.2%	36.6%
Expected Move	12.1%	10.7%	13.9%	13.9%	11.4%
HV 20d	36.3%	26.2%	43.2%	41.0%	26.2%
HV 60d	46.1%	41.8%	48.9%	48.3%	41.8%
IV Rank	6.1%	0.0%	12.9%	12.9%	4.7%
IV Percentile	10.0%	0.0%	51.6%	51.6%	0.4%
Term Structure	6.1%	1.3%	9.7%	1.3%	9.7%
VWIV	43.0%	38.1%	55.4%	55.4%	39.7%
Skew 25d	2.9%	-12.8%	41.8%	-12.8%	1.3%
Skew 10d	6.2%	-34.0%	93.0%	-34.0%	4.2%
Call IV 25d	43.8%	38.1%	57.0%	57.0%	42.1%
Put IV 25d	46.7%	39.5%	98.6%	44.2%	43.4%
Bid-Ask Spread %	3.63	2.59	4.92	3.63	4.05
Gamma HHI	0.23	0.15	0.42	0.18	0.19
Net GEX	-15.3K	-552.9K	1.1M	-170.8K	-291.7K
Net DEX	70.0M	33.9M	93.1M	73.8M	91.7M
Net VEX	-816.1K	-943.3K	-706.2K	-840.3K	-788.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.09	2.06	0.20	0.63
Total Volume	22,588.652	4,595	159,733	10,204	6,542
Total OI	819,390	774,961	953,122	783,544	953,122

Daily Data (23 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
2012-08-01	$6.27	$6.00	59.2%	13.9%	41.0%	12.9%	55.4%	-12.8%	1.3%	-170.8K	73.8M	-840.3K	0.20	3.63	N/A	N/A	8,504	1,700	385,482	398,062
2012-08-02	$6.16	$6.00	47.7%	13.1%	41.2%	5.0%	48.0%	41.8%	3.3%	-166.9K	79.4M	-807.3K	0.52	2.97	N/A	N/A	3,949	2,051	388,343	398,880
2012-08-03	$6.33	$6.00	40.3%	12.3%	42.6%	0.0%	46.0%	-8.7%	5.2%	-198.4K	73.4M	-823.2K	0.81	2.59	N/A	N/A	11,156	9,078	389,603	399,565
2012-08-06	$6.57	$6.00	58.8%	13.4%	43.2%	12.6%	48.5%	0.8%	1.8%	-31.3K	58.8M	-866.1K	0.50	2.66	N/A	N/A	22,406	11,296	389,497	401,289
2012-08-07	$6.82	$7.00	54.2%	13.4%	40.2%	9.5%	48.8%	2.0%	3.0%	408.4K	39.7M	-931.6K	0.45	3.64	N/A	N/A	22,934	10,431	401,266	404,967
2012-08-08	$6.89	$7.00	44.8%	13.1%	40.3%	3.0%	47.4%	1.8%	3.4%	691.9K	33.9M	-943.3K	0.41	3.29	N/A	N/A	10,259	4,163	408,038	408,024
2012-08-09	$6.81	$7.00	42.2%	12.6%	40.2%	1.3%	44.0%	0.9%	4.0%	705.6K	40.9M	-915.7K	0.09	2.77	N/A	N/A	39,375	3,526	409,082	406,813
2012-08-10	$6.76	$7.00	39.3%	12.0%	40.4%	0.0%	42.8%	-1.1%	5.2%	1.1M	42.9M	-901.5K	0.26	3.22	N/A	N/A	19,421	5,051	439,682	408,413
2012-08-13	$6.72	$7.00	45.7%	12.1%	39.4%	4.4%	42.8%	2.4%	4.5%	1.1M	45.7M	-887.5K	0.28	3.07	N/A	N/A	10,844	3,085	447,558	405,746
2012-08-14	$6.55	$7.00	51.7%	12.0%	37.6%	8.4%	43.8%	2.4%	4.5%	531.9K	62.3M	-843.2K	2.06	3.63	N/A	N/A	5,524	11,357	446,658	406,685
2012-08-15	$6.49	$7.00	29.1%	12.3%	38.0%	0.0%	40.3%	4.0%	6.5%	-266.2K	67.5M	-812.3K	0.80	4.14	N/A	N/A	4,012	3,212	448,209	400,680
2012-08-16	$6.61	$7.00	39.2%	11.2%	37.8%	6.3%	39.8%	1.3%	6.0%	597.5K	58.3M	-838.3K	0.12	4.16	N/A	N/A	7,627	904	443,245	401,751
2012-08-17	$6.57	$7.00	37.2%	10.7%	38.0%	5.1%	39.7%	2.8%	6.3%	-265.7K	63.9M	-823.5K	1.19	3.67	N/A	N/A	8,879	10,582	446,583	401,459
2012-08-20	$6.49	$7.00	39.3%	11.3%	35.3%	6.4%	38.1%	0.7%	7.2%	-431.7K	76.7M	-786.2K	0.35	4.92	N/A	N/A	8,412	2,937	382,410	392,551
2012-08-21	$6.46	$7.00	42.3%	12.1%	35.2%	8.4%	40.2%	2.1%	7.2%	-489.6K	77.5M	-780.7K	1.40	4.55	N/A	N/A	11,294	15,854	382,474	394,452
2012-08-22	$6.32	$7.00	41.0%	11.8%	36.2%	7.5%	39.7%	3.2%	8.7%	-485.9K	85.4M	-749.8K	0.78	4.11	N/A	N/A	4,603	3,602	386,369	390,290
2012-08-23	$6.26	$7.00	41.1%	11.8%	35.9%	7.6%	40.5%	4.6%	8.5%	-552.9K	88.6M	-719.3K	1.23	3.57	N/A	N/A	5,022	6,174	387,515	391,848
2012-08-24	$6.30	$7.00	41.0%	11.8%	30.8%	7.5%	40.2%	5.6%	7.8%	-452.0K	87.1M	-740.6K	0.46	3.73	N/A	N/A	11,566	5,282	389,825	397,171
2012-08-27	$6.23	$7.00	41.3%	11.8%	29.4%	7.7%	41.3%	4.3%	8.1%	-459.1K	89.2M	-729.9K	0.95	4.02	N/A	N/A	2,351	2,244	390,896	396,202
2012-08-28	$6.20	$7.00	40.6%	11.6%	28.9%	7.2%	40.9%	3.4%	8.5%	-499.5K	92.6M	-709.0K	1.16	3.96	N/A	N/A	2,905	3,368	391,383	397,305
2012-08-29	$6.20	$7.00	40.2%	11.5%	28.7%	7.0%	40.2%	2.8%	9.2%	-504.9K	93.1M	-706.2K	0.26	3.66	N/A	N/A	126,690	33,043	392,112	398,989
2012-08-30	$6.18	$7.00	40.4%	11.6%	28.0%	7.1%	40.7%	1.5%	9.7%	-186.3K	86.4M	-825.4K	0.73	3.44	N/A	N/A	9,436	6,888	515,853	429,623
2012-08-31	$6.21	$7.00	36.6%	11.4%	26.2%	4.7%	39.7%	1.3%	9.7%	-291.7K	91.7M	-788.7K	0.63	4.05	N/A	N/A	4,022	2,520	520,869	432,253