MU Options History — February 2013

In February 2013, MU traded between $7.68 and $8.38. ATM implied volatility averaged 38.3%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 10.6% (HV 20d: 27.7%). Max pain ranged from $8.00 to $8.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2013-02-15: Highest Volume — 51,619 contracts
  • 2013-02-25: Largest IV spike — 27.0% change
  • 2013-02-26: Highest IV Rank — 36.6%
  • 2013-02-26: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.94$7.68$8.38$7.83$8.38
Max Pain$8.00$8.00$8.00$8.00$8.00
ATM IV38.3%34.8%47.9%36.0%38.4%
Expected Move10.6%9.9%11.8%10.2%11.0%
HV 20d27.7%22.2%34.6%23.3%34.3%
HV 60d33.1%31.3%35.1%35.1%34.4%
IV Rank17.8%11.0%36.6%13.4%18.0%
IV Percentile11.8%2.0%48.4%2.4%12.3%
Term Structure3.8%2.2%5.5%3.6%3.4%
VWIV38.3%34.6%42.2%38.0%39.6%
Skew 25d1.8%-1.4%4.8%4.8%-1.4%
Skew 10d7.8%-8.3%22.2%11.7%22.2%
Call IV 25d38.9%34.6%45.4%34.6%41.0%
Put IV 25d40.7%37.8%47.1%39.4%39.6%
Bid-Ask Spread %8.474.5114.825.8614.62
Gamma HHI0.480.240.670.600.35
Net GEX2.5M869.6K6.1M2.1M2.5M
Net DEX-31.6M-63.1M-5.0M-31.4M-63.1M
Net VEX-718.8K-768.2K-692.3K-705.3K-766.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.051.291.290.39
Total Volume26,027.1588,56051,61924,48949,322
Total OI490,092.421456,460534,525456,460534,525

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-02-01$7.83$8.0036.0%10.2%23.3%13.4%38.0%4.8%3.6%2.1M-31.4M-705.3K1.295.86N/AN/A10,69813,791213,906242,554
2013-02-04$7.76$8.0040.3%10.4%23.9%21.7%37.2%3.3%2.8%2.0M-25.7M-700.4K0.366.89N/AN/A7,6392,734216,241247,284
2013-02-05$7.87$8.0038.0%10.1%22.2%17.4%35.7%3.7%4.0%2.6M-34.3M-704.4K0.535.30N/AN/A5,6072,953219,265247,080
2013-02-06$7.95$8.0034.8%9.9%22.3%11.0%34.6%3.7%4.6%3.0M-40.5M-723.0K0.487.02N/AN/A13,8146,664222,055248,179
2013-02-07$7.73$8.0036.9%10.6%25.0%15.1%40.1%1.2%4.4%2.3M-24.1M-703.5K0.467.62N/AN/A17,1707,933225,575251,301
2013-02-08$7.75$8.0036.0%10.3%24.6%13.4%37.6%2.4%4.0%2.5M-24.7M-707.4K1.174.51N/AN/A4,6105,402234,099254,129
2013-02-11$7.91$8.0036.5%10.5%24.9%14.3%39.9%1.0%3.6%3.5M-37.0M-710.5K0.105.08N/AN/A46,1484,757231,635256,876
2013-02-12$7.92$8.0036.0%10.3%24.9%13.3%36.5%1.1%3.7%3.3M-34.9M-711.4K0.339.14N/AN/A11,3183,765240,396258,191
2013-02-13$7.95$8.0035.8%10.3%24.9%12.9%38.2%1.6%3.9%3.5M-36.9M-704.4K0.165.41N/AN/A12,5522,056240,681258,161
2013-02-14$8.08$8.0036.8%10.6%25.2%15.0%37.9%1.7%3.5%6.1M-55.1M-710.2K0.198.44N/AN/A31,6305,882247,756258,264
2013-02-15$7.91$8.0035.5%10.2%25.9%12.5%37.8%0.1%4.5%3.2M-24.6M-703.9K0.249.35N/AN/A41,49810,121250,214261,411
2013-02-19$8.12$8.0035.2%10.1%27.3%11.8%37.0%2.9%4.0%1.4M-25.7M-704.5K0.234.67N/AN/A14,1183,230212,029247,040
2013-02-20$7.88$8.0036.7%10.5%29.4%14.8%36.9%-0.7%3.0%1.3M-13.8M-692.3K0.0511.21N/AN/A46,5682,525221,267248,013
2013-02-21$7.68$8.0038.6%11.1%30.7%18.5%39.4%-0.3%2.2%869.6K-5.0M-706.4K0.3910.15N/AN/A16,2616,307238,414248,502
2013-02-22$8.02$8.0036.0%10.6%34.4%13.4%37.4%1.3%3.9%1.4M-25.3M-747.8K0.454.84N/AN/A12,2055,510248,150249,634
2013-02-25$7.93$8.0045.8%11.6%34.6%32.4%40.6%2.8%3.0%1.5M-23.9M-730.2K0.3813.76N/AN/A22,0738,346247,897248,420
2013-02-26$7.96$8.0047.9%11.8%34.6%36.6%41.9%1.7%3.7%1.8M-28.8M-756.6K0.4414.82N/AN/A17,0657,590262,017252,416
2013-02-27$8.18$8.0046.3%11.2%33.6%33.5%42.2%2.8%5.5%2.2M-45.1M-768.2K0.3412.20N/AN/A10,9423,712271,185256,994
2013-02-28$8.38$8.0038.4%11.0%34.3%18.0%39.6%-1.4%3.4%2.5M-63.1M-766.2K0.3914.62N/AN/A35,58113,741276,267258,258