MU Options History — July 2013

In July 2013, MU traded between $12.47 and $14.31. ATM implied volatility averaged 51.6%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 10.7% (HV 20d: 40.9%). Max pain ranged from $12.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.31.

Notable Days

  • 2013-07-09: Highest Volume — 266,800 contracts
  • 2013-07-08: Largest IV spike — 13.8% change
  • 2013-07-11: Highest IV Rank — 56.7%
  • 2013-07-11: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.38$12.47$14.31$14.27$13.24
Max Pain$13.33$12.00$15.00$14.50$13.50
ATM IV51.6%42.3%59.1%44.0%54.6%
Expected Move14.8%12.1%17.1%12.7%15.7%
HV 20d40.9%35.7%46.4%36.2%46.4%
HV 60d36.0%34.0%38.7%35.2%38.7%
IV Rank42.7%25.0%56.7%28.2%48.3%
IV Percentile81.5%40.1%98.4%50.8%92.9%
Term Structure-0.8%-3.9%2.2%2.1%-2.6%
VWIV52.6%42.5%62.0%45.1%55.6%
Skew 25d0.4%-3.0%2.6%2.1%-0.6%
Skew 10d0.9%-5.6%7.0%2.9%-1.6%
Call IV 25d53.4%42.6%62.4%44.9%56.8%
Put IV 25d53.8%44.3%61.7%47.1%56.2%
Bid-Ask Spread %5.093.407.185.545.00
Gamma HHI0.190.160.210.200.19
Net GEX20.6M14.3M26.7M16.5M25.6M
Net DEX-922.1M-1.20B-632.0M-1.03B-947.8M
Net VEX-5.0M-6.1M-4.2M-4.2M-6.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.110.690.580.20
Total Volume130,842.86462,971266,800101,28277,597
Total OI2,194,880.6361,885,8782,448,8521,885,8782,448,852

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-07-01$14.27$14.5044.0%12.7%36.2%28.2%45.1%2.1%2.1%16.5M-1.03B-4.2M0.585.54N/AN/A64,01437,2681,326,217559,661
2013-07-02$14.31$14.5043.4%12.5%36.1%27.0%43.7%1.8%2.2%15.0M-1.03B-4.2M0.335.66N/AN/A99,27933,0951,348,699580,676
2013-07-03$14.14$14.5044.0%12.6%36.4%28.1%45.5%2.6%1.6%14.3M-992.0M-4.5M0.145.41N/AN/A78,36310,6901,418,287603,468
2013-07-05$14.31$13.5042.3%12.1%35.7%25.0%42.5%1.7%1.9%19.2M-1.05B-4.4M0.355.05N/AN/A66,59123,3551,430,626605,885
2013-07-08$14.03$13.5048.2%13.8%36.4%36.1%48.9%1.7%0.6%16.3M-981.1M-4.3M0.294.40N/AN/A120,79334,6191,394,333583,518
2013-07-09$13.14$13.0051.8%14.8%43.5%43.0%52.4%1.4%0.3%15.8M-753.3M-4.4M0.205.81N/AN/A223,17143,6291,468,578601,893
2013-07-10$12.55$13.0054.2%15.5%46.4%47.4%55.4%1.8%0.0%16.7M-632.0M-4.5M0.275.40N/AN/A198,88153,3981,579,905616,170
2013-07-11$12.70$0.0059.1%17.1%45.7%56.7%62.0%-0.7%-3.6%18.7M-727.7M-4.7M0.605.41N/AN/A73,32744,1251,663,392625,706
2013-07-12$12.69$13.0057.4%16.8%44.1%53.7%58.4%-0.2%-3.9%20.5M-736.1M-4.7M0.297.18N/AN/A48,70114,2701,701,286615,473
2013-07-15$13.07$12.0055.7%15.8%45.1%50.5%57.4%-2.1%-2.7%23.4M-922.5M-4.8M0.313.62N/AN/A67,00920,9951,700,776577,903
2013-07-16$13.38$12.0057.0%16.2%44.0%52.8%58.0%-3.0%-2.9%25.0M-1.04B-5.0M0.124.08N/AN/A104,67812,0741,719,017587,786
2013-07-17$13.59$12.0055.1%15.7%42.1%49.3%56.0%-0.0%-2.3%26.7M-1.15B-5.3M0.204.00N/AN/A104,89021,3371,779,643592,770
2013-07-18$13.69$12.0054.3%15.6%41.8%47.6%54.9%0.2%0.3%25.6M-1.19B-5.3M0.113.88N/AN/A95,03310,4601,800,240592,218
2013-07-19$13.73$12.0052.4%15.0%40.3%44.1%53.3%0.0%0.9%22.2M-1.20B-5.4M0.163.40N/AN/A100,97016,2301,837,881594,768
2013-07-22$13.83$13.5048.5%13.9%39.2%36.8%49.2%1.0%-1.6%23.8M-993.4M-5.3M0.275.27N/AN/A143,87039,0781,515,289467,428
2013-07-23$13.64$13.5049.5%14.2%37.7%38.5%50.4%0.4%-1.6%24.4M-997.8M-5.7M0.225.82N/AN/A63,89814,1811,621,580487,633
2013-07-24$13.11$13.5052.5%15.0%39.5%44.3%52.8%1.5%-3.1%20.6M-835.4M-5.5M0.195.54N/AN/A120,10323,1471,635,761487,623
2013-07-25$13.29$13.5050.6%14.5%38.0%40.7%51.3%0.6%0.6%24.2M-917.7M-5.6M0.355.63N/AN/A73,42325,3711,708,224497,502
2013-07-26$12.59$13.5052.9%15.2%41.6%45.1%53.5%1.5%-0.1%20.0M-710.8M-5.4M0.495.53N/AN/A111,50054,4381,746,881509,725
2013-07-29$12.47$15.0053.4%15.3%41.6%46.1%54.4%-1.0%-1.7%19.6M-705.6M-5.5M0.385.59N/AN/A78,94230,1691,786,087529,080
2013-07-30$12.60$14.5055.1%15.8%42.0%49.3%56.1%-1.2%-2.5%20.1M-741.1M-5.5M0.694.78N/AN/A119,38882,1931,795,651543,283
2013-07-31$13.24$13.5054.6%15.7%46.4%48.3%55.6%-0.6%-2.6%25.6M-947.8M-6.1M0.205.00N/AN/A64,46213,1351,839,837609,015