MU Options History — July 2014

In July 2014, MU traded between $30.55 and $34.64. ATM implied volatility averaged 34.9%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 2.1% (HV 20d: 32.8%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.44.

Notable Days

  • 2014-07-31: Highest Volume — 344,890 contracts
  • 2014-07-31: Largest IV spike — 23.9% change
  • 2014-07-31: Highest IV Rank — 30.3%
  • 2014-07-31: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.15$30.55$34.64$33.98$30.55
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV34.9%31.2%43.5%31.2%43.5%
Expected Move11.1%10.4%12.2%10.4%12.2%
HV 20d32.8%29.7%36.7%32.7%36.7%
HV 60d32.5%29.0%36.9%36.9%33.4%
IV Rank9.3%0.3%30.3%0.3%30.3%
IV Percentile8.9%0.4%52.0%0.4%52.0%
Term Structure0.1%-2.2%1.2%1.1%-2.2%
VWIV38.7%36.2%40.9%36.5%40.9%
Skew 25d1.4%0.0%2.5%0.7%2.5%
Skew 10d4.0%-0.6%7.0%5.0%7.0%
Call IV 25d35.0%31.4%43.3%31.6%43.3%
Put IV 25d36.4%32.3%45.8%32.3%45.8%
Bid-Ask Spread %20.7012.9644.2614.6415.93
Gamma HHI0.110.070.300.100.07
Net GEX31.7M17.0M45.8M32.7M17.0M
Net DEX-3.09B-3.99B-1.92B-3.72B-1.92B
Net VEX-6.9M-7.6M-6.3M-6.3M-7.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.220.730.380.37
Total Volume120,749.18238,792344,890160,651344,890
Total OI2,210,483.6821,920,3482,476,3412,271,0692,055,374

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$33.98$22.0031.2%10.4%32.7%0.3%36.5%0.7%1.1%32.7M-3.72B-6.3M0.3814.64N/AN/A116,61844,0331,375,011896,058
2014-07-02$33.76$22.0031.6%10.5%33.1%1.3%36.5%1.9%0.5%34.3M-3.64B-6.6M0.7214.72N/AN/A55,23739,9861,394,201915,065
2014-07-03$33.73$22.0032.1%10.6%33.2%2.6%36.2%1.6%0.2%29.0M-3.61B-6.7M0.4012.96N/AN/A44,27217,7581,403,659937,859
2014-07-07$32.86$22.0034.3%10.8%35.0%7.9%37.9%1.3%0.0%27.4M-3.23B-6.8M0.4715.31N/AN/A60,90328,6851,369,270908,982
2014-07-08$33.13$22.0035.0%10.8%33.9%9.5%37.8%0.8%-0.5%30.8M-3.34B-6.9M0.5017.00N/AN/A93,54746,6311,393,136917,859
2014-07-09$32.89$22.0036.0%10.6%34.0%12.0%37.3%1.1%-0.6%36.7M-3.30B-6.9M0.7321.13N/AN/A77,64356,4021,419,986923,243
2014-07-10$32.77$22.0035.3%11.0%29.9%10.2%38.9%1.4%-0.1%34.2M-3.26B-7.0M0.4521.28N/AN/A61,21027,4381,438,187945,864
2014-07-11$32.80$22.0035.2%10.9%29.8%10.2%38.2%1.0%0.1%33.3M-3.28B-6.9M0.4016.20N/AN/A58,65523,2871,459,204955,334
2014-07-14$33.59$22.0034.3%10.9%30.7%7.8%38.2%1.9%1.1%36.7M-3.56B-6.6M0.4016.81N/AN/A72,13028,6011,417,474907,420
2014-07-15$34.02$22.0035.3%11.5%30.0%10.3%40.4%1.7%-0.1%42.0M-3.68B-6.7M0.3427.76N/AN/A130,37643,8031,430,311921,818
2014-07-16$34.64$22.0035.2%11.1%30.3%10.1%38.6%1.7%0.7%45.8M-3.99B-6.8M0.2216.82N/AN/A156,93634,2521,473,239942,328
2014-07-17$33.05$22.0037.4%11.1%35.2%15.6%38.7%0.7%-0.6%33.7M-3.37B-7.0M0.4717.39N/AN/A104,04148,4831,485,356946,719
2014-07-18$33.15$22.0035.0%11.2%35.0%9.6%38.6%1.5%0.3%45.4M-3.42B-7.0M0.4621.05N/AN/A138,71963,6631,512,021964,320
2014-07-21$33.07$22.0034.4%11.3%35.0%8.2%39.6%0.6%-1.0%19.7M-2.50B-7.0M0.4923.43N/AN/A45,52122,2721,141,730778,618
2014-07-22$33.63$22.0033.9%11.3%34.5%6.8%40.1%2.5%0.4%23.2M-2.68B-6.9M0.2816.69N/AN/A35,92310,0001,155,339788,557
2014-07-23$33.68$22.0033.8%11.2%31.9%6.7%39.8%2.4%0.7%26.5M-2.72B-6.9M0.2626.83N/AN/A79,74320,4061,172,341792,751
2014-07-24$33.88$22.0032.3%11.3%31.8%3.0%39.2%1.2%1.2%43.4M-2.87B-6.8M0.7222.48N/AN/A44,09331,6201,212,308794,445
2014-07-25$33.42$22.0033.8%11.2%32.0%6.8%38.9%0.0%1.0%30.0M-2.67B-7.0M0.2622.71N/AN/A92,63324,1021,220,048804,933
2014-07-28$31.98$22.0037.1%11.6%35.5%14.8%40.0%0.4%-0.7%21.3M-2.30B-7.2M0.3424.62N/AN/A100,69334,2331,195,394784,323
2014-07-29$32.13$22.0035.8%11.5%31.6%11.6%39.2%2.1%0.3%25.6M-2.38B-7.4M0.6325.35N/AN/A35,71222,5401,232,643798,227
2014-07-30$32.53$22.0035.1%11.0%29.7%9.8%39.2%2.4%-0.1%28.9M-2.52B-7.4M0.3944.26N/AN/A27,90010,8921,241,808807,878
2014-07-31$30.55$22.0043.5%12.2%36.7%30.3%40.9%2.5%-2.2%17.0M-1.92B-7.6M0.3715.93N/AN/A252,34892,5421,245,170810,204