MU Options History — March 2014

In March 2014, MU traded between $21.91 and $25.11. ATM implied volatility averaged 53.3%, placing in the 41.5% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 30.6% (HV 20d: 22.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2014-03-13: Highest Volume — 341,144 contracts
  • 2014-03-13: Largest IV spike — 14.1% change
  • 2014-03-13: Highest IV Rank — 58.2%
  • 2014-03-13: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.99$21.91$25.11$24.48$23.66
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV53.3%47.8%61.3%50.9%56.6%
Expected Move11.6%11.2%12.8%11.2%11.4%
HV 20d22.7%18.7%38.6%20.3%38.6%
HV 60d35.6%34.0%38.2%36.7%38.2%
IV Rank41.5%30.9%58.2%37.1%47.6%
IV Percentile77.7%57.5%98.0%70.2%89.7%
Term Structure-2.5%-6.4%1.9%-0.7%-3.2%
VWIV40.1%38.2%42.3%40.1%39.0%
Skew 25d3.9%2.6%5.8%3.1%3.6%
Skew 10d8.3%5.2%12.9%9.9%12.9%
Call IV 25d52.2%46.1%60.7%51.8%54.7%
Put IV 25d56.2%50.1%64.3%54.9%58.3%
Bid-Ask Spread %19.249.6954.4236.5511.94
Gamma HHI0.150.090.230.140.11
Net GEX24.5M14.1M43.2M14.1M25.2M
Net DEX-1.46B-1.81B-737.3M-1.42B-1.51B
Net VEX-7.9M-8.5M-7.6M-7.7M-7.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.282.000.740.59
Total Volume148,911.14354,618341,144271,739202,165
Total OI2,593,673.6192,300,0922,795,2452,300,0922,613,960

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$24.48$15.0050.9%11.2%20.3%37.1%40.1%3.1%-0.7%14.1M-1.42B-7.7M0.7436.55N/AN/A156,610115,1291,313,317986,775
2014-03-04$25.11$15.0050.0%11.4%21.1%35.3%39.2%2.6%-1.6%22.4M-1.74B-7.9M0.8111.08N/AN/A84,63768,3501,366,222996,397
2014-03-05$24.83$15.0050.6%11.4%21.8%36.6%40.4%3.6%-0.1%22.9M-1.68B-7.8M0.959.69N/AN/A66,44062,9821,392,416988,166
2014-03-06$24.77$15.0049.9%11.5%21.6%35.1%39.7%3.8%1.1%23.4M-1.69B-7.9M0.5211.71N/AN/A99,29451,2691,422,730998,521
2014-03-07$24.42$15.0047.8%11.2%19.2%30.9%38.2%4.0%1.9%19.0M-1.57B-8.0M2.0014.45N/AN/A50,329100,5551,470,5461,017,640
2014-03-10$24.85$15.0051.8%11.5%19.3%39.0%40.6%4.5%-3.3%21.7M-1.76B-7.9M0.3211.04N/AN/A121,88339,1371,443,0561,035,382
2014-03-11$24.67$15.0053.1%11.4%18.7%41.5%40.2%4.6%-4.4%25.7M-1.71B-8.0M0.6911.66N/AN/A35,83324,5451,500,4871,045,161
2014-03-12$24.84$15.0053.7%11.5%18.8%42.8%40.6%5.8%-4.6%27.3M-1.79B-7.9M0.8715.18N/AN/A60,36452,7091,508,1211,049,684
2014-03-13$24.11$15.0061.3%12.8%21.4%58.2%42.3%3.6%-6.4%22.8M-1.48B-8.3M0.2854.42N/AN/A266,51174,6331,533,7781,052,038
2014-03-14$23.96$15.0057.0%12.0%21.4%48.7%40.9%4.9%-5.0%23.9M-1.55B-8.5M0.4520.90N/AN/A87,22138,8701,679,4911,071,907
2014-03-17$23.93$15.0054.5%11.7%21.2%43.3%40.5%4.0%-1.6%33.7M-1.54B-8.2M1.7018.46N/AN/A44,19575,3161,666,3621,056,320
2014-03-18$24.49$15.0052.8%11.7%22.4%39.9%39.9%3.5%-2.2%43.2M-1.81B-8.2M1.1022.76N/AN/A58,69564,7361,679,7811,089,500
2014-03-19$23.98$15.0052.8%11.5%23.4%39.9%41.4%4.1%-2.3%35.4M-1.54B-8.1M0.3624.76N/AN/A42,37615,2081,694,2151,101,030
2014-03-20$24.01$15.0051.4%11.5%23.3%37.0%40.1%3.2%-2.2%32.4M-1.47B-7.9M0.3620.73N/AN/A101,77436,7851,653,8811,089,718
2014-03-21$23.66$15.0054.7%11.5%23.2%43.9%40.2%3.7%-2.4%20.1M-1.31B-7.8M0.3817.90N/AN/A114,44244,0071,659,6351,097,023
2014-03-24$23.48$15.0052.8%11.6%23.0%39.9%40.5%3.3%-1.9%22.9M-1.30B-7.7M0.6820.83N/AN/A54,63837,4171,519,5181,038,851
2014-03-25$23.53$15.0051.4%11.2%22.1%37.0%39.3%3.6%-2.5%23.3M-1.31B-7.6M0.7020.92N/AN/A32,07622,5421,535,2821,053,680
2014-03-26$22.83$15.0053.9%11.5%24.3%42.2%39.2%4.4%-3.6%18.8M-1.03B-7.6M0.4115.53N/AN/A120,61549,4231,542,0821,060,346
2014-03-27$22.24$15.0056.9%11.4%25.6%48.3%39.7%4.8%-4.1%17.7M-829.3M-7.7M0.6812.09N/AN/A100,89068,7681,609,8381,086,688
2014-03-28$21.91$15.0056.1%11.8%25.9%46.7%39.1%4.2%-2.6%19.4M-737.3M-7.6M0.9521.32N/AN/A94,38989,3761,648,7641,098,837
2014-03-31$23.66$15.0056.6%11.4%38.6%47.6%39.0%3.6%-3.2%25.2M-1.51B-7.6M0.5911.94N/AN/A127,51574,6501,557,6021,056,358