MU Options History — April 2013

In April 2013, MU traded between $9.10 and $10.09. ATM implied volatility averaged 44.1%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 5.8% (HV 20d: 49.9%). Max pain ranged from $8.00 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.62.

Notable Days

  • 2013-04-10: Highest Volume — 79,932 contracts
  • 2013-04-04: Largest IV drop — 20.9% change
  • 2013-04-03: Highest IV Rank — 42.1%
  • 2013-04-18: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.49$9.10$10.09$9.38$9.42
Max Pain$9.64$8.00$10.00$8.00$10.00
ATM IV44.1%39.8%50.7%47.1%41.9%
Expected Move12.4%11.7%13.9%11.9%11.7%
HV 20d49.9%38.2%58.1%52.5%38.2%
HV 60d40.3%37.7%42.5%38.3%41.5%
IV Rank29.3%20.8%42.1%35.0%24.9%
IV Percentile41.3%22.6%67.1%49.2%34.9%
Term Structure2.0%0.1%4.3%1.1%3.7%
VWIV43.3%40.1%48.1%42.5%40.1%
Skew 25d2.9%0.8%4.5%0.8%3.0%
Skew 10d5.5%1.6%10.2%4.0%4.0%
Call IV 25d42.6%39.4%47.2%43.1%39.4%
Put IV 25d45.5%42.4%50.6%44.0%42.5%
Bid-Ask Spread %4.152.3813.872.814.69
Gamma HHI0.300.210.440.300.24
Net GEX4.3M2.3M7.7M5.3M2.8M
Net DEX-145.7M-254.8M-93.7M-155.4M-106.2M
Net VEX-1.5M-1.5M-1.4M-1.5M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.151.790.621.79
Total Volume32,010.514,47479,93275,06022,323
Total OI907,891.455743,031999,285922,160812,935

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-04-01$9.38$8.0047.1%11.9%52.5%35.0%42.5%0.8%1.1%5.3M-155.4M-1.5M0.622.81N/AN/A46,41128,649571,013351,147
2013-04-02$9.30$8.0043.6%11.7%52.6%28.1%41.6%1.9%0.9%4.0M-126.7M-1.4M0.743.85N/AN/A16,89312,471567,034369,296
2013-04-03$9.10$8.0050.7%12.1%51.9%42.1%43.6%0.9%1.1%3.3M-101.3M-1.4M1.192.84N/AN/A15,85618,912571,572376,670
2013-04-04$9.31$8.0040.1%12.0%52.2%21.5%41.5%2.8%1.0%2.9M-121.3M-1.4M1.002.38N/AN/A11,27111,240575,032390,892
2013-04-05$9.31$10.0039.9%12.5%51.0%20.9%43.3%3.5%1.7%4.4M-120.6M-1.4M0.203.95N/AN/A18,7493,840578,390395,652
2013-04-08$9.39$10.0045.8%12.6%50.1%32.5%42.7%3.6%2.3%4.8M-145.4M-1.4M0.303.26N/AN/A14,9614,563577,535376,343
2013-04-09$9.57$10.0047.0%12.0%50.2%34.8%43.3%3.5%2.0%5.7M-177.3M-1.5M0.253.48N/AN/A12,6043,171582,799377,722
2013-04-10$10.09$10.0041.5%12.4%53.4%24.2%43.1%3.9%0.9%7.7M-254.8M-1.5M0.403.08N/AN/A57,00722,925583,171379,190
2013-04-11$9.98$10.0043.4%12.4%53.3%27.7%43.4%3.6%2.4%7.3M-234.8M-1.5M0.173.33N/AN/A19,8423,426579,770388,696
2013-04-12$10.01$10.0042.5%12.2%53.0%26.0%42.8%3.5%2.8%7.4M-239.1M-1.5M0.623.67N/AN/A9,8296,094585,472389,761
2013-04-15$9.56$10.0045.6%13.1%54.2%32.1%46.4%2.9%1.0%5.4M-171.6M-1.5M0.483.80N/AN/A18,2088,695581,653384,442
2013-04-16$9.87$10.0043.7%12.5%54.7%28.4%43.5%3.1%1.9%7.3M-215.2M-1.5M0.263.72N/AN/A11,5222,952583,441385,946
2013-04-17$9.39$10.0047.1%13.5%57.9%35.1%45.6%4.1%0.9%4.0M-141.5M-1.4M0.693.74N/AN/A21,93415,116585,268386,833
2013-04-18$9.23$10.0048.6%13.9%58.1%38.0%48.1%3.3%0.1%2.3M-120.8M-1.4M0.154.45N/AN/A43,5356,651583,260388,779
2013-04-19$9.35$10.0046.1%13.2%57.5%33.1%45.6%4.5%2.1%2.6M-147.9M-1.4M0.933.62N/AN/A8,8608,247608,004391,281
2013-04-22$9.31$10.0043.6%12.5%43.7%28.2%43.2%3.5%2.8%2.6M-93.7M-1.4M0.2713.87N/AN/A35,8039,715441,640301,391
2013-04-23$9.42$10.0044.0%12.6%43.8%28.9%43.3%3.5%2.3%3.0M-108.6M-1.5M0.654.45N/AN/A31,41620,317459,097308,706
2013-04-24$9.41$10.0043.4%12.4%43.7%27.8%42.9%2.7%3.3%2.8M-103.8M-1.5M0.743.28N/AN/A9,3826,962473,688324,949
2013-04-25$9.53$10.0040.7%11.7%44.0%22.6%41.3%2.3%2.7%3.0M-117.6M-1.5M0.313.90N/AN/A18,8115,896476,153328,624
2013-04-26$9.43$10.0039.8%11.9%44.0%20.8%41.3%0.9%4.3%2.8M-98.2M-1.5M0.284.25N/AN/A21,5186,079474,577332,136
2013-04-29$9.35$10.0045.2%12.4%38.2%31.3%42.9%2.3%3.4%2.7M-104.2M-1.5M1.544.85N/AN/A12,45019,125473,892319,760
2013-04-30$9.42$10.0041.9%11.7%38.2%24.9%40.1%3.0%3.7%2.8M-106.2M-1.5M1.794.69N/AN/A7,98714,336479,017333,918