MU Options History — August 2014

In August 2014, MU traded between $29.68 and $33.30. ATM implied volatility averaged 37.6%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 1.1% (HV 20d: 36.5%). Max pain ranged from $22.00 to $37.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2014-08-12: Highest Volume — 158,678 contracts
  • 2014-08-25: Largest IV spike — 16.0% change
  • 2014-08-07: Highest IV Rank — 31.3%
  • 2014-08-08: Largest Expected Move — 12.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.83$29.68$33.30$31.09$32.60
Max Pain$29.30$22.00$37.00$22.00$36.00
ATM IV37.6%30.3%43.9%41.9%39.9%
Expected Move11.5%10.6%12.6%12.0%10.6%
HV 20d36.5%25.1%39.7%37.6%25.1%
HV 60d33.0%32.5%34.3%33.4%32.7%
IV Rank16.7%0.0%31.3%26.5%23.0%
IV Percentile26.3%0.0%55.6%43.3%39.7%
Term Structure1.3%-1.7%8.6%-1.1%0.4%
VWIV40.0%36.5%44.3%42.5%37.5%
Skew 25d3.9%2.4%6.6%4.1%5.7%
Skew 10d7.5%4.5%14.6%8.8%6.7%
Call IV 25d36.6%29.5%43.3%41.8%38.8%
Put IV 25d40.5%32.4%46.4%45.9%44.5%
Bid-Ask Spread %12.984.0324.9119.784.64
Gamma HHI0.120.070.620.180.08
Net GEX30.2M16.2M113.6M32.3M21.7M
Net DEX-2.38B-2.90B-1.65B-2.16B-2.55B
Net VEX-8.5M-8.9M-8.1M-8.2M-8.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.341.560.410.73
Total Volume89,162.66740,076158,678144,90259,100
Total OI2,244,060.4292,108,2832,321,9062,202,1792,308,681

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-08-01$31.09$22.0041.9%12.0%37.6%26.5%42.5%4.1%-1.1%32.3M-2.16B-8.2M0.4119.78N/AN/A102,67542,2271,350,696851,483
2014-08-04$31.69$25.0041.1%12.1%37.5%24.4%42.3%6.6%-0.1%23.7M-2.34B-8.2M0.3419.43N/AN/A46,30815,5761,279,298828,985
2014-08-05$31.09$25.0042.5%11.9%37.8%27.8%42.0%3.5%-1.0%22.1M-2.17B-8.1M0.7519.85N/AN/A70,74353,0191,291,716835,807
2014-08-06$30.68$25.0041.1%12.3%37.9%24.6%41.0%2.5%-1.2%22.3M-1.98B-8.6M0.6216.88N/AN/A66,89741,4611,337,072873,051
2014-08-07$29.68$25.0043.9%12.3%39.3%31.3%42.4%3.1%-0.2%16.2M-1.65B-8.5M0.5724.30N/AN/A75,04942,7091,340,369881,668
2014-08-08$30.04$25.0041.0%12.6%39.7%24.2%44.2%3.9%0.3%27.8M-1.77B-8.7M0.3424.91N/AN/A75,32925,9871,365,861897,118
2014-08-11$30.74$25.0039.4%12.3%39.7%20.5%40.8%3.2%-1.2%20.4M-2.05B-8.7M0.5021.85N/AN/A35,14917,4701,323,295867,683
2014-08-12$30.70$25.0039.0%12.4%39.2%19.4%43.0%3.6%-1.7%20.7M-2.04B-8.6M0.4816.23N/AN/A107,35851,3201,332,733870,948
2014-08-13$31.38$25.0036.2%12.2%39.5%12.7%40.3%4.4%0.5%25.0M-2.27B-8.9M0.6421.46N/AN/A57,05036,6411,379,098907,324
2014-08-14$31.04$25.0035.4%12.1%36.4%10.6%40.3%2.9%-0.1%19.4M-2.13B-8.8M0.3821.95N/AN/A48,54018,6421,377,114922,478
2014-08-15$31.49$25.0035.1%11.9%36.8%9.9%44.3%2.9%-0.1%113.6M-2.31B-8.7M0.4420.22N/AN/A74,47732,5081,397,705924,201
2014-08-18$32.04$0.0031.5%11.1%37.5%1.1%39.1%2.9%8.6%25.3M-2.46B-8.4M0.674.23N/AN/A66,91344,6311,295,671863,624
2014-08-19$32.40$32.0030.3%11.0%37.2%0.0%38.2%2.8%7.5%29.0M-2.60B-8.4M0.434.03N/AN/A50,80021,6921,331,671890,091
2014-08-20$33.30$32.0031.3%10.8%38.6%2.3%38.0%2.5%6.9%30.8M-2.89B-8.3M0.604.71N/AN/A80,06648,4301,343,464899,484
2014-08-21$33.19$32.0031.3%10.7%38.6%2.3%36.8%2.6%7.3%31.6M-2.86B-8.5M0.734.81N/AN/A42,73531,0071,369,134929,357
2014-08-22$33.29$37.0032.2%10.7%38.3%4.5%37.2%2.4%8.1%29.5M-2.90B-8.4M0.594.79N/AN/A32,37419,1021,373,894932,040
2014-08-25$33.21$37.0037.4%10.7%34.6%16.9%37.7%4.3%-1.5%30.9M-2.80B-8.4M1.564.67N/AN/A31,53349,1351,349,260902,850
2014-08-26$32.88$36.0039.3%10.8%34.9%21.5%37.5%5.1%-0.7%27.9M-2.65B-8.6M0.775.07N/AN/A41,76732,2811,359,260929,612
2014-08-27$32.99$36.0040.4%10.7%34.6%24.2%38.0%5.7%-1.7%30.8M-2.69B-8.6M0.674.20N/AN/A26,06617,5731,373,555933,515
2014-08-28$32.81$36.0039.7%10.6%25.4%22.5%36.5%6.3%-1.0%32.7M-2.63B-8.5M0.494.64N/AN/A26,83413,2421,376,755927,648
2014-08-29$32.60$36.0039.9%10.6%25.1%23.0%37.5%5.7%0.4%21.7M-2.55B-8.3M0.734.64N/AN/A34,18524,9151,381,470927,211