MU Options History — May 2013

In May 2013, MU traded between $9.20 and $11.89. ATM implied volatility averaged 42.9%, placing in the 26.8% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 9.7% (HV 20d: 33.2%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.39.

Notable Days

  • 2013-05-16: Highest Volume — 168,183 contracts
  • 2013-05-02: Largest IV drop — 25.2% change
  • 2013-05-01: Highest IV Rank — 43.5%
  • 2013-05-31: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.81$9.20$11.89$9.20$11.68
Max Pain$9.77$9.00$10.00$10.00$10.00
ATM IV42.9%33.7%51.4%51.4%45.7%
Expected Move12.6%10.5%14.9%11.4%14.9%
HV 20d33.2%26.5%39.8%38.3%30.5%
HV 60d41.8%40.8%42.9%41.8%41.1%
IV Rank26.8%8.8%43.5%43.5%32.3%
IV Percentile40.5%1.6%80.2%73.4%54.8%
Term Structure-0.2%-3.5%4.6%4.3%-3.5%
VWIV44.4%37.2%53.5%40.1%53.5%
Skew 25d2.7%-0.2%5.0%2.9%3.9%
Skew 10d7.0%3.0%16.3%3.0%3.0%
Call IV 25d43.8%38.2%52.8%40.3%52.8%
Put IV 25d46.5%38.1%56.7%43.1%56.7%
Bid-Ask Spread %5.043.028.713.875.03
Gamma HHI0.220.180.280.210.20
Net GEX5.9M2.0M7.8M2.0M7.6M
Net DEX-303.7M-498.7M-79.9M-79.9M-455.4M
Net VEX-2.1M-2.6M-1.5M-1.5M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.160.860.520.43
Total Volume60,97519,680168,18383,70438,727
Total OI1,031,209.955825,5361,235,407825,5361,235,407

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-05-01$9.20$10.0051.4%11.4%38.3%43.5%40.1%2.9%4.3%2.0M-79.9M-1.5M0.523.87N/AN/A55,10828,596480,712344,824
2013-05-02$9.32$10.0038.4%11.1%37.7%18.1%39.0%2.4%4.3%2.5M-96.4M-1.6M0.414.26N/AN/A17,9527,310525,490369,966
2013-05-03$9.63$10.0035.9%10.5%39.5%13.1%37.2%-0.2%4.6%3.9M-139.0M-1.7M0.864.38N/AN/A16,84514,514536,464374,111
2013-05-06$9.76$9.0041.5%11.8%39.6%24.1%41.2%3.7%0.9%4.5M-153.1M-1.7M0.535.47N/AN/A16,1288,603537,680375,529
2013-05-07$9.97$9.0044.1%12.1%39.8%29.2%42.4%1.2%1.3%5.1M-180.7M-1.7M0.275.93N/AN/A22,4375,961545,132378,782
2013-05-08$10.24$9.0038.2%12.2%36.2%17.7%42.9%1.6%0.6%6.0M-221.4M-1.8M0.245.20N/AN/A47,09411,491556,492380,669
2013-05-09$10.71$9.0040.5%12.5%39.2%22.2%44.1%2.0%0.2%6.4M-294.3M-1.8M0.214.51N/AN/A74,02615,293574,867387,052
2013-05-10$10.82$9.0036.0%11.8%39.2%13.3%41.5%2.1%0.1%7.1M-317.1M-1.8M0.703.02N/AN/A76,18553,599588,012389,778
2013-05-13$10.66$10.0037.6%11.9%35.3%16.4%42.1%2.1%-0.5%6.8M-283.6M-2.0M0.563.68N/AN/A18,84310,486620,810422,864
2013-05-14$10.65$10.0035.4%11.5%34.0%12.2%40.6%3.4%0.0%6.7M-279.9M-2.0M0.194.54N/AN/A29,9395,581625,093428,981
2013-05-15$10.87$10.0033.7%11.4%27.9%8.8%40.6%3.5%0.3%6.9M-319.4M-2.0M0.314.24N/AN/A28,6709,023620,242431,689
2013-05-16$11.06$10.0041.5%11.9%26.5%24.1%41.9%2.5%0.7%7.1M-336.8M-2.0M0.466.09N/AN/A114,82653,357602,060431,732
2013-05-17$11.31$10.0043.4%12.5%26.9%27.9%42.6%2.8%-1.1%5.7M-376.3M-2.1M0.195.66N/AN/A39,8717,738632,123456,731
2013-05-20$11.21$10.0043.8%12.6%27.2%28.6%44.0%3.1%-1.1%5.1M-305.7M-2.1M0.326.04N/AN/A47,15414,928579,604398,700
2013-05-21$11.23$10.0043.4%12.4%27.4%27.8%43.2%1.2%-0.9%5.4M-317.3M-2.2M0.315.37N/AN/A15,0084,672604,658405,200
2013-05-22$10.92$10.0047.8%13.7%30.2%36.4%49.9%5.0%-2.2%4.9M-276.4M-2.2M0.227.36N/AN/A85,27719,159609,258405,305
2013-05-23$11.39$10.0048.3%13.9%32.6%37.4%48.2%4.9%-2.1%5.6M-369.9M-2.3M0.218.71N/AN/A98,10620,740671,368416,239
2013-05-24$11.59$10.0046.3%13.3%31.9%33.5%47.3%3.8%-1.1%6.9M-432.6M-2.5M0.805.62N/AN/A23,42918,767723,688427,044
2013-05-28$11.78$10.0049.3%14.1%31.1%39.2%50.3%3.7%-3.5%7.3M-461.7M-2.4M0.164.54N/AN/A70,03710,898727,164431,525
2013-05-29$11.83$10.0050.0%14.3%31.2%40.7%51.2%1.7%-3.4%7.6M-486.8M-2.6M0.383.55N/AN/A21,0418,081770,766438,071
2013-05-30$11.89$10.0050.9%14.6%28.5%42.4%53.0%1.9%-2.5%7.8M-498.7M-2.6M0.293.86N/AN/A43,34512,605784,114440,623
2013-05-31$11.68$10.0045.7%14.9%30.5%32.3%53.5%3.9%-3.5%7.6M-455.4M-2.6M0.435.03N/AN/A27,10311,624789,009446,398