MU Options History — April 2014

In April 2014, MU traded between $21.13 and $26.25. ATM implied volatility averaged 42.3%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 8.6% (HV 20d: 50.9%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2014-04-04: Highest Volume — 494,831 contracts
  • 2014-04-04: Largest IV drop — 22.2% change
  • 2014-04-01: Highest IV Rank — 39.3%
  • 2014-04-07: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.82$21.13$26.25$24.44$26.12
Max Pain$19.10$15.00$20.00$15.00$20.00
ATM IV42.3%37.6%52.5%52.5%39.8%
Expected Move11.4%10.9%11.9%11.3%11.2%
HV 20d50.9%39.2%59.6%39.3%54.4%
HV 60d37.1%33.7%40.2%38.0%40.2%
IV Rank18.2%8.4%39.3%39.3%12.9%
IV Percentile29.8%9.5%71.4%71.4%20.2%
Term Structure-0.8%-3.2%0.7%-2.9%-0.1%
VWIV39.7%37.9%43.0%39.3%39.4%
Skew 25d3.1%1.7%4.2%3.3%2.4%
Skew 10d6.1%3.4%9.5%7.1%7.9%
Call IV 25d41.6%36.7%52.7%50.8%39.7%
Put IV 25d44.7%39.3%55.1%54.1%42.1%
Bid-Ask Spread %13.479.2433.0013.2411.41
Gamma HHI0.130.090.620.120.09
Net GEX23.1M9.5M72.1M30.2M29.6M
Net DEX-1.35B-1.98B-418.1M-1.94B-1.98B
Net VEX-7.3M-7.9M-6.7M-7.7M-7.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.201.530.980.36
Total Volume187,970.38192,419494,831203,58795,349
Total OI2,431,269.9051,734,5892,962,0672,754,9422,053,478

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$24.44$15.0052.5%11.3%39.3%39.3%39.3%3.3%-2.9%30.2M-1.94B-7.7M0.9813.24N/AN/A102,768100,8191,633,2891,121,653
2014-04-02$24.35$15.0052.1%11.2%39.2%38.4%39.6%3.8%-3.2%28.6M-1.87B-7.7M1.5310.80N/AN/A71,571109,4191,655,5341,164,828
2014-04-03$24.00$17.0052.0%11.6%39.5%38.3%39.9%2.4%-2.6%26.6M-1.69B-7.7M0.5933.00N/AN/A178,020105,0901,673,8521,212,770
2014-04-04$22.58$17.0040.5%11.6%44.6%14.4%39.3%3.1%0.2%18.8M-905.9M-7.0M0.6113.58N/AN/A308,076186,7551,717,6931,244,374
2014-04-07$21.71$17.0047.5%11.9%45.5%28.9%42.2%3.9%-2.1%14.7M-580.3M-7.1M0.8510.70N/AN/A171,696146,0741,516,0771,093,035
2014-04-08$22.21$20.0042.9%11.7%46.7%19.3%41.3%4.0%-1.1%19.7M-789.8M-7.4M0.4612.25N/AN/A88,41740,4421,565,8561,132,827
2014-04-09$22.60$20.0040.5%11.6%47.2%14.5%39.8%3.9%-0.6%25.2M-997.0M-7.4M0.6812.76N/AN/A72,09849,3721,591,3851,134,353
2014-04-10$21.68$20.0043.4%11.7%48.2%20.5%39.6%4.2%-1.0%17.2M-624.5M-7.2M0.3910.45N/AN/A69,13326,6691,607,1271,120,510
2014-04-11$21.13$20.0043.9%11.8%48.8%21.4%39.9%3.4%-1.1%9.5M-418.1M-7.1M0.4910.00N/AN/A88,40743,5891,618,3081,124,457
2014-04-14$21.90$20.0041.2%11.8%51.0%16.0%39.8%4.1%0.6%13.4M-727.9M-7.1M0.7410.23N/AN/A69,62951,2201,520,3191,100,842
2014-04-15$22.17$20.0039.3%11.6%50.4%12.0%40.3%4.0%0.3%13.8M-844.0M-7.1M0.419.24N/AN/A74,21030,1341,544,9541,108,493
2014-04-16$22.48$20.0039.1%11.4%50.4%11.5%43.0%2.8%-0.2%18.3M-980.7M-6.9M0.469.29N/AN/A106,03348,7501,546,5111,103,787
2014-04-17$23.91$20.0037.6%10.9%55.4%8.5%39.3%2.9%0.7%72.1M-1.65B-6.8M0.4011.39N/AN/A216,23985,7011,571,5741,112,107
2014-04-21$25.32$20.0038.1%10.9%58.7%9.5%38.8%2.9%-0.6%18.2M-1.67B-6.7M0.4112.59N/AN/A170,23969,7161,034,909699,680
2014-04-22$26.18$20.0037.6%10.9%59.5%8.4%37.9%1.8%-0.7%21.4M-1.95B-7.1M0.6419.13N/AN/A103,18765,6561,114,088726,476
2014-04-23$26.25$20.0038.0%11.0%59.5%9.2%38.2%2.4%-0.9%20.5M-1.96B-7.2M0.4611.59N/AN/A76,41835,1641,138,752766,884
2014-04-24$26.16$20.0038.9%11.0%58.1%11.0%38.4%1.9%-0.9%19.3M-1.96B-7.2M0.3411.91N/AN/A189,39464,4231,168,512780,591
2014-04-25$25.26$20.0040.6%11.3%58.9%14.6%39.2%1.7%-0.9%19.9M-1.71B-7.7M0.2025.69N/AN/A200,65540,2721,245,399792,304
2014-04-28$24.58$20.0042.7%11.7%59.6%19.0%39.5%2.8%0.0%22.4M-1.47B-7.9M0.619.50N/AN/A64,69439,4611,235,412745,698
2014-04-29$25.10$20.0040.6%11.4%53.8%14.7%39.8%3.0%-0.2%25.2M-1.63B-7.9M0.4614.05N/AN/A63,40729,0121,254,939763,031
2014-04-30$26.12$20.0039.8%11.2%54.4%12.9%39.4%2.4%-0.1%29.6M-1.98B-7.9M0.3611.41N/AN/A70,25825,0911,281,967771,511