MU Options History — October 2013

In October 2013, MU traded between $16.55 and $18.49. ATM implied volatility averaged 48.7%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 13.1% (HV 20d: 35.7%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.48.

Notable Days

  • 2013-10-11: Highest Volume — 478,740 contracts
  • 2013-10-11: Largest IV drop — 23.8% change
  • 2013-10-09: Highest IV Rank — 70.5%
  • 2013-10-07: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.36$16.55$18.49$17.61$17.68
Max Pain$16.48$15.00$17.00$15.00$17.00
ATM IV48.7%39.3%67.3%59.1%39.3%
Expected Move12.5%11.5%13.2%13.0%11.5%
HV 20d35.7%23.5%44.0%28.7%43.9%
HV 60d40.2%37.7%43.0%41.7%39.2%
IV Rank32.7%13.6%70.5%53.8%13.6%
IV Percentile55.9%19.4%99.6%99.6%19.4%
Term Structure-0.5%-6.2%5.2%-4.2%0.3%
VWIV43.3%40.5%46.2%45.5%40.7%
Skew 25d0.5%-2.0%1.4%1.3%0.0%
Skew 10d2.1%-2.9%4.7%4.7%0.6%
Call IV 25d49.4%40.1%68.2%59.0%40.1%
Put IV 25d49.9%40.2%68.9%60.3%40.2%
Bid-Ask Spread %6.433.6935.264.446.67
Gamma HHI0.130.100.520.120.13
Net GEX29.2M19.6M78.5M27.0M30.3M
Net DEX-1.76B-2.46B-1.09B-2.02B-1.57B
Net VEX-7.6M-7.9M-6.6M-6.6M-7.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.301.010.440.33
Total Volume165,207.73947,740478,74098,24880,612
Total OI2,990,615.2172,688,7993,432,8782,711,6092,868,779

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-10-01$17.61$15.0059.1%13.0%28.7%53.8%45.5%1.3%-4.2%27.0M-2.02B-6.6M0.444.44N/AN/A68,37429,8741,807,398904,211
2013-10-02$17.67$15.0058.8%13.0%24.5%53.2%44.7%0.9%-4.5%26.9M-2.06B-6.7M0.435.18N/AN/A106,52045,4651,838,488915,839
2013-10-03$18.02$15.0058.7%12.9%23.8%53.0%44.8%1.1%-3.7%26.8M-2.22B-6.8M0.445.08N/AN/A148,35264,5861,880,822943,749
2013-10-04$18.47$15.0056.5%12.9%24.5%48.4%44.6%-1.0%-3.5%31.5M-2.46B-7.1M0.4212.88N/AN/A179,25975,6261,958,319981,936
2013-10-07$18.49$15.0061.0%13.2%24.1%57.7%46.1%0.2%-4.3%27.2M-2.39B-7.3M0.375.31N/AN/A190,01571,2171,961,207932,220
2013-10-08$17.93$15.0064.8%13.0%24.8%65.3%46.2%0.8%-4.6%28.5M-2.21B-7.7M0.435.96N/AN/A161,05970,0322,070,253974,433
2013-10-09$18.15$17.0067.3%13.0%24.8%70.5%44.0%0.7%-6.2%30.3M-2.30B-7.9M0.315.09N/AN/A153,26348,2192,123,073996,807
2013-10-10$18.43$17.0062.1%12.7%23.5%59.9%42.1%1.4%-2.5%32.4M-2.46B-7.9M0.5035.26N/AN/A284,106141,9932,182,9191,015,083
2013-10-11$16.84$17.0047.3%12.5%41.6%29.9%43.3%-2.0%-0.6%28.9M-1.70B-7.6M0.364.50N/AN/A351,572127,1682,288,6501,087,094
2013-10-14$17.07$17.0047.6%12.5%41.6%30.4%43.4%-0.6%3.0%32.0M-1.90B-7.8M0.394.29N/AN/A150,28858,9822,282,3921,035,767
2013-10-15$16.92$17.0047.5%12.8%40.9%30.3%44.8%-0.5%3.1%32.3M-1.84B-7.9M0.304.39N/AN/A74,94822,3052,336,7381,058,488
2013-10-16$16.96$17.0044.3%12.7%39.8%23.7%43.6%0.5%5.2%31.1M-1.82B-7.8M0.484.30N/AN/A56,09926,7052,328,9231,066,050
2013-10-17$17.15$17.0042.0%12.4%40.0%19.1%42.5%0.6%0.5%31.4M-1.89B-7.6M1.015.13N/AN/A77,97879,0762,305,4271,063,889
2013-10-18$17.03$17.0040.6%12.1%40.0%16.2%40.5%1.2%0.4%78.5M-1.82B-7.7M0.784.65N/AN/A115,92290,9522,325,7821,107,096
2013-10-21$16.57$17.0041.8%12.3%41.0%18.7%42.3%0.8%0.5%19.6M-1.10B-7.6M0.614.71N/AN/A62,15637,6311,795,286893,513
2013-10-22$16.76$17.0041.6%12.2%41.3%18.3%41.9%1.2%1.0%21.0M-1.18B-7.7M0.384.80N/AN/A35,25313,5341,809,943900,183
2013-10-23$16.55$17.0042.2%12.3%41.5%19.4%42.8%1.3%1.2%19.8M-1.09B-7.6M0.444.12N/AN/A44,26019,3981,820,379910,724
2013-10-24$16.83$17.0040.2%12.3%40.5%15.4%42.8%1.2%-0.8%22.7M-1.21B-7.7M0.403.69N/AN/A86,26334,8321,838,575932,414
2013-10-25$16.58$17.0039.3%12.3%40.6%13.6%41.8%1.0%-1.1%20.1M-1.11B-7.7M0.704.51N/AN/A40,33628,2321,877,872954,344
2013-10-28$16.72$17.0039.9%12.3%40.7%14.8%44.4%0.9%3.0%21.0M-1.18B-7.7M0.674.14N/AN/A28,57319,1671,834,463938,976
2013-10-29$17.50$17.0039.3%12.2%44.0%13.6%41.6%0.1%3.4%26.2M-1.48B-7.8M0.523.94N/AN/A83,22243,4991,846,432949,135
2013-10-30$17.39$17.0039.5%12.3%44.0%14.0%42.0%-0.3%3.4%26.2M-1.45B-7.9M0.374.91N/AN/A53,08119,7741,869,936970,143
2013-10-31$17.68$17.0039.3%11.5%43.9%13.6%40.7%0.0%0.3%30.3M-1.57B-7.9M0.336.67N/AN/A60,79319,8191,894,986973,793