MU Options History — June 2014

In June 2014, MU traded between $28.66 and $32.95. ATM implied volatility averaged 41.3%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 14.2% (HV 20d: 27.1%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2014-06-23: Highest Volume — 346,244 contracts
  • 2014-06-24: Largest IV drop — 25.1% change
  • 2014-06-18: Highest IV Rank — 34.8%
  • 2014-06-18: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.90$28.66$32.95$28.66$32.95
Max Pain$20.29$20.00$22.00$20.00$22.00
ATM IV41.3%31.1%46.7%44.2%31.7%
Expected Move10.8%10.5%11.1%10.9%10.5%
HV 20d27.1%22.8%32.3%28.5%31.7%
HV 60d40.8%38.2%42.1%41.5%39.0%
IV Rank19.5%0.0%34.8%22.5%1.6%
IV Percentile35.7%0.0%56.0%45.6%0.8%
Term Structure-1.4%-3.2%0.7%-1.8%0.4%
VWIV38.2%36.8%43.9%38.5%36.8%
Skew 25d2.9%0.8%4.4%4.4%1.9%
Skew 10d7.1%3.8%13.1%9.1%4.2%
Call IV 25d40.5%31.5%45.1%42.9%31.7%
Put IV 25d43.4%32.8%48.5%47.3%33.6%
Bid-Ask Spread %16.078.8259.6910.858.82
Gamma HHI0.120.070.220.110.10
Net GEX28.5M5.7M47.8M28.2M33.3M
Net DEX-2.96B-3.39B-2.39B-2.39B-3.37B
Net VEX-7.2M-7.7M-6.5M-7.7M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.200.990.400.56
Total Volume124,062.42942,965346,24442,965153,967
Total OI2,226,445.0952,066,9292,426,4142,066,9292,205,997

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-06-02$28.66$20.0044.2%10.9%28.5%22.5%38.5%4.4%-1.8%28.2M-2.39B-7.7M0.4010.85N/AN/A30,73912,2261,262,115804,814
2014-06-03$28.67$20.0044.2%10.8%28.1%22.6%38.7%4.1%-2.1%30.2M-2.39B-7.7M0.4811.96N/AN/A35,80817,2571,272,764810,744
2014-06-04$28.97$20.0044.1%10.7%28.1%22.5%37.5%3.6%-2.8%33.3M-2.50B-7.5M0.3410.04N/AN/A34,24711,7991,280,643815,370
2014-06-05$29.04$20.0044.8%10.8%27.7%23.8%38.6%4.2%-3.2%35.0M-2.52B-7.5M0.5714.17N/AN/A28,47116,1381,284,603820,217
2014-06-06$29.54$20.0042.9%10.7%27.5%19.8%38.6%3.7%-2.6%47.8M-2.69B-7.3M0.5513.41N/AN/A55,31530,6351,284,383824,984
2014-06-09$29.00$20.0043.0%10.9%28.6%20.0%38.3%3.2%-2.6%29.0M-2.45B-7.4M0.4111.52N/AN/A66,28327,2891,265,483827,494
2014-06-10$29.51$20.0042.9%10.8%28.0%19.8%38.0%3.5%-2.8%31.0M-2.63B-7.3M0.699.67N/AN/A50,97535,3011,283,795842,486
2014-06-11$30.99$20.0043.9%10.9%32.3%22.0%38.0%2.9%-2.8%27.9M-3.10B-6.8M0.6214.18N/AN/A188,334117,6671,297,324853,865
2014-06-12$30.86$20.0044.2%10.9%30.0%22.6%38.3%3.2%-2.8%21.8M-3.01B-7.2M0.2013.58N/AN/A93,24419,0051,333,786914,583
2014-06-13$31.17$20.0044.2%10.8%24.9%28.2%38.1%2.4%-2.5%26.2M-3.17B-7.3M0.2618.26N/AN/A89,29223,6501,370,586922,152
2014-06-16$31.91$20.0045.9%11.0%25.4%32.7%38.1%2.0%-0.9%25.8M-3.28B-7.2M0.5012.91N/AN/A86,24343,3111,338,524888,637
2014-06-17$32.25$20.0045.8%11.1%23.7%32.3%36.9%2.7%-0.9%25.8M-3.39B-7.0M0.3820.72N/AN/A69,55626,2911,359,613903,744
2014-06-18$32.06$20.0046.7%11.1%22.8%34.8%37.8%3.0%-0.6%25.1M-3.32B-7.2M0.7416.62N/AN/A72,15753,3391,376,387914,152
2014-06-19$31.81$20.0044.1%10.9%23.4%28.1%43.9%2.6%-0.8%22.8M-3.20B-7.1M0.9913.25N/AN/A54,16253,5071,374,010924,691
2014-06-20$31.85$20.0044.0%10.8%23.5%27.8%37.6%3.0%-0.4%26.2M-3.18B-7.2M0.4517.98N/AN/A82,15336,9441,395,687956,488
2014-06-23$31.26$20.0044.0%10.7%25.4%27.7%39.9%3.4%-2.1%21.1M-2.84B-7.1M0.8659.69N/AN/A185,669160,5751,321,612878,720
2014-06-24$32.50$20.0032.9%10.5%27.0%0.0%37.1%1.8%0.6%29.6M-3.29B-6.7M0.8218.98N/AN/A162,458133,4471,374,664973,451
2014-06-25$32.34$20.0031.6%10.7%26.9%0.0%36.8%2.3%0.7%36.1M-3.26B-6.8M0.5614.14N/AN/A48,17626,7891,392,641984,852
2014-06-26$32.00$22.0032.2%10.7%27.5%1.5%37.1%1.7%0.3%35.7M-3.13B-6.8M0.4812.76N/AN/A63,27430,6421,399,845993,027
2014-06-27$31.51$22.0031.1%10.7%28.4%0.0%36.9%0.8%0.5%5.7M-2.95B-7.0M0.5213.93N/AN/A52,06826,9081,419,7061,006,708
2014-06-30$32.95$22.0031.7%10.5%31.7%1.6%36.8%1.9%0.4%33.3M-3.37B-6.5M0.568.82N/AN/A98,61055,3571,340,556865,441