MU Options History — June 2013

In June 2013, MU traded between $11.71 and $14.34. ATM implied volatility averaged 51.6%, placing in the 45.6% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 19.2% (HV 20d: 32.3%). Max pain ranged from $10.00 to $14.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.36.

Notable Days

  • 2013-06-19: Highest Volume — 390,950 contracts
  • 2013-06-12: Largest IV spike — 62.2% change
  • 2013-06-12: Highest IV Rank — 100.0%
  • 2013-06-06: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.14$11.71$14.34$11.73$14.33
Max Pain$10.45$10.00$14.50$10.00$14.50
ATM IV51.6%41.4%81.9%48.2%41.4%
Expected Move15.1%11.7%18.1%15.3%11.7%
HV 20d32.3%27.6%37.1%29.5%35.9%
HV 60d38.8%35.2%41.0%40.7%35.2%
IV Rank45.6%23.2%100.0%37.1%23.2%
IV Percentile75.0%36.1%100.0%67.1%36.1%
Term Structure-3.4%-10.2%2.5%-4.1%1.5%
VWIV54.1%42.5%65.9%55.3%42.5%
Skew 25d1.6%-1.0%4.0%4.0%2.0%
Skew 10d3.5%0.3%6.4%5.6%4.0%
Call IV 25d53.8%41.6%64.3%54.6%41.6%
Put IV 25d55.4%43.6%65.7%58.6%43.6%
Bid-Ask Spread %4.463.045.915.095.56
Gamma HHI0.170.150.230.190.21
Net GEX13.5M7.2M22.9M7.5M18.8M
Net DEX-832.3M-1.12B-466.9M-466.9M-1.08B
Net VEX-3.5M-4.1M-2.6M-2.6M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.140.610.320.47
Total Volume136,984.2543,884390,95065,093146,447
Total OI1,625,780.21,254,1611,974,0661,254,1611,837,272

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-06-03$11.73$10.0048.2%15.3%29.5%37.1%55.3%4.0%-4.1%7.5M-466.9M-2.6M0.325.09N/AN/A49,50115,592804,761449,400
2013-06-04$11.71$10.0050.2%15.5%29.7%41.1%55.6%2.0%-4.5%7.2M-478.5M-2.8M0.314.31N/AN/A70,81721,751841,710458,384
2013-06-05$12.02$11.0052.6%16.8%30.0%45.7%60.3%2.1%-6.5%7.9M-536.8M-2.9M0.603.90N/AN/A37,51222,485879,748469,568
2013-06-06$12.35$11.0049.8%18.1%30.1%40.2%65.9%1.5%-10.2%8.4M-602.2M-3.0M0.494.63N/AN/A72,16635,007888,851479,568
2013-06-07$12.65$10.0044.1%14.5%27.6%35.0%52.1%1.9%-1.8%9.3M-685.9M-3.1M0.284.38N/AN/A66,99818,647934,928485,235
2013-06-10$12.95$10.0053.3%15.5%28.1%73.0%57.6%2.2%-4.2%10.1M-757.6M-3.2M0.144.69N/AN/A127,25417,460973,569483,364
2013-06-11$12.81$10.0050.5%16.2%27.7%64.5%57.5%2.4%-5.8%10.6M-754.7M-3.3M0.615.91N/AN/A76,41946,6251,022,813490,180
2013-06-12$12.49$10.0081.9%17.6%30.1%100.0%61.2%2.0%-7.7%9.7M-682.0M-3.4M0.255.13N/AN/A83,23920,7001,053,927517,124
2013-06-13$12.91$10.0055.0%15.8%31.1%49.0%55.8%1.8%-3.7%9.7M-786.4M-3.4M0.415.26N/AN/A70,24228,4931,092,095530,054
2013-06-14$12.76$10.0056.1%16.1%31.7%51.2%57.5%1.8%-4.5%12.2M-766.6M-3.6M0.564.82N/AN/A48,03026,9491,136,279548,672
2013-06-17$13.24$10.0057.5%16.5%33.1%53.8%58.0%1.4%-4.1%13.2M-908.3M-3.6M0.154.45N/AN/A166,97225,4051,151,254539,952
2013-06-18$13.75$10.0055.1%15.8%34.1%49.2%56.9%2.4%-6.1%15.0M-1.03B-3.6M0.413.92N/AN/A187,35677,4101,184,603542,492
2013-06-19$13.97$10.0058.8%16.8%34.0%56.2%60.6%-1.0%-9.6%16.3M-1.12B-3.9M0.384.42N/AN/A283,876107,0741,265,928583,311
2013-06-20$13.54$10.0047.5%13.6%34.5%34.8%48.9%-0.3%0.0%19.9M-1.02B-3.9M0.393.48N/AN/A141,19754,5321,346,803615,652
2013-06-21$13.90$10.0044.9%12.9%33.0%29.8%45.9%0.5%2.5%22.9M-1.11B-4.0M0.273.04N/AN/A140,79437,6021,351,130622,936
2013-06-24$13.46$10.0050.5%14.5%36.1%40.5%51.5%2.2%-1.2%15.4M-822.1M-3.9M0.384.45N/AN/A95,41136,0031,180,996498,206
2013-06-25$13.75$11.0046.2%13.3%36.3%32.4%47.5%2.7%0.1%17.2M-914.5M-4.0M0.263.55N/AN/A34,7779,1071,217,779513,011
2013-06-26$14.18$11.0045.4%13.0%37.1%30.8%47.1%-0.5%2.1%18.8M-1.04B-4.1M0.193.62N/AN/A91,66417,6011,233,817515,237
2013-06-27$14.34$0.0042.4%12.2%37.1%25.2%44.1%1.0%0.2%20.2M-1.08B-4.1M0.334.64N/AN/A97,92632,6441,251,266523,729
2013-06-28$14.33$14.5041.4%11.7%35.9%23.2%42.5%2.0%1.5%18.8M-1.08B-4.1M0.475.56N/AN/A99,94146,5061,296,261541,011