MU Options History — October 2014

In October 2014, MU traded between $27.03 and $33.94. ATM implied volatility averaged 44.3%, placing in the 33.4% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 9.8% (HV 20d: 54.0%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.48.

Notable Days

  • 2014-10-10: Highest Volume — 483,469 contracts
  • 2014-10-10: Largest IV spike — 24.2% change
  • 2014-10-13: Highest IV Rank — 78.8%
  • 2014-10-13: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.93$27.03$33.94$33.50$33.10
Max Pain$30.87$30.00$32.00$32.00$30.00
ATM IV44.3%35.0%63.2%39.6%35.0%
Expected Move12.3%11.0%14.2%11.3%11.3%
HV 20d54.0%45.1%60.7%46.0%56.5%
HV 60d42.1%37.2%44.9%37.2%43.4%
IV Rank33.4%11.2%78.8%22.3%11.2%
IV Percentile53.8%10.7%99.6%40.1%10.7%
Term Structure-1.0%-7.3%0.8%-1.0%0.5%
VWIV42.8%39.5%49.1%41.9%40.2%
Skew 25d5.5%1.4%13.0%3.3%2.7%
Skew 10d9.8%2.1%33.3%6.9%6.8%
Call IV 25d42.5%33.2%59.2%38.3%33.2%
Put IV 25d48.0%35.9%70.0%41.6%35.9%
Bid-Ask Spread %7.725.3019.515.395.30
Gamma HHI0.100.060.200.100.09
Net GEX31.3M8.3M55.5M38.1M39.0M
Net DEX-2.34B-3.31B-987.6M-3.08B-3.31B
Net VEX-9.3M-10.2M-7.7M-7.7M-9.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.260.890.560.45
Total Volume146,281.08762,603483,469132,710146,800
Total OI2,688,494.8262,521,5653,041,1622,521,5652,679,692

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$33.50$32.0039.6%11.3%46.0%22.3%41.9%3.3%-1.0%38.1M-3.08B-7.7M0.565.39N/AN/A84,82247,8881,499,4521,022,113
2014-10-02$33.81$32.0039.6%11.3%45.9%22.3%40.7%4.6%-0.1%41.0M-3.23B-8.3M0.365.82N/AN/A62,43122,5771,525,0031,045,128
2014-10-03$33.94$32.0036.5%11.0%45.1%14.9%39.5%3.7%0.1%55.5M-3.31B-8.1M0.305.94N/AN/A76,89523,1991,537,4201,050,358
2014-10-06$32.57$32.0039.7%11.4%47.6%22.5%40.1%4.6%0.1%31.7M-2.72B-8.2M0.406.99N/AN/A152,80560,7711,498,9691,023,961
2014-10-07$31.87$32.0040.4%11.3%46.5%24.1%39.8%1.4%-1.0%29.5M-2.50B-8.4M0.526.26N/AN/A84,12743,9261,549,4531,046,860
2014-10-08$32.32$32.0039.4%11.3%46.7%21.7%40.4%5.7%0.0%33.0M-2.64B-8.7M0.546.30N/AN/A137,67273,9561,559,8481,072,083
2014-10-09$30.64$32.0045.7%12.0%50.5%36.9%42.3%5.1%-1.5%18.5M-2.01B-8.7M0.896.08N/AN/A81,19872,5301,582,4221,086,890
2014-10-10$27.79$32.0056.7%14.1%60.7%63.3%48.4%10.2%-7.3%8.3M-1.06B-8.7M0.7119.51N/AN/A282,903200,5661,597,0151,110,511
2014-10-13$27.03$31.0063.2%14.2%59.2%78.8%49.1%5.2%0.4%9.8M-987.6M-9.4M0.4614.23N/AN/A119,40655,2191,707,6851,156,626
2014-10-14$27.96$31.0060.4%14.1%57.8%72.0%48.8%9.4%-2.8%13.3M-1.27B-9.9M0.2613.01N/AN/A123,39431,8391,734,2121,167,061
2014-10-15$27.61$31.0061.1%14.0%57.3%73.8%47.4%13.0%-4.9%14.2M-1.16B-9.9M0.378.75N/AN/A159,91658,4811,789,2151,177,532
2014-10-16$28.30$31.0057.4%13.6%57.8%65.0%45.6%7.5%-3.5%20.4M-1.49B-10.0M0.378.79N/AN/A98,62536,9411,847,8981,166,416
2014-10-17$28.77$30.0048.9%13.0%57.9%44.6%45.4%6.8%-1.3%33.9M-1.65B-9.9M0.538.27N/AN/A84,14244,6841,863,6411,177,521
2014-10-20$29.69$30.0045.8%12.6%58.3%37.0%44.0%6.0%0.5%23.9M-1.95B-9.9M0.327.37N/AN/A89,77128,5901,534,803993,953
2014-10-21$30.93$30.0041.7%12.3%59.8%27.4%42.5%4.7%-0.2%32.9M-2.44B-10.2M0.425.92N/AN/A94,13539,5341,582,913999,629
2014-10-22$30.56$30.0042.9%12.4%58.6%30.2%43.1%4.4%-2.2%32.1M-2.34B-10.1M0.755.68N/AN/A67,20550,7041,596,7061,011,711
2014-10-23$30.85$30.0040.1%12.1%58.5%23.4%41.5%4.2%0.2%33.8M-2.44B-10.2M0.476.31N/AN/A42,45220,1511,618,3131,039,105
2014-10-24$31.04$30.0038.0%12.0%53.2%18.4%41.0%4.0%0.8%50.5M-2.50B-10.0M0.646.46N/AN/A38,53324,5281,621,9961,042,823
2014-10-27$32.30$30.0037.0%11.8%54.8%16.0%41.8%4.1%0.5%39.0M-2.92B-9.8M0.505.74N/AN/A67,30833,3391,585,0481,010,808
2014-10-28$32.61$30.0035.7%11.5%55.0%13.0%40.7%3.6%0.5%41.3M-3.07B-9.6M0.325.84N/AN/A78,77225,1661,600,8361,023,893
2014-10-29$32.32$30.0036.0%11.7%54.5%13.8%40.4%5.1%0.8%40.6M-2.93B-9.8M0.437.61N/AN/A68,87229,9351,607,0771,030,629
2014-10-30$31.85$30.0037.2%11.8%54.6%16.6%40.7%6.3%-0.4%40.1M-2.77B-9.8M0.546.06N/AN/A63,68434,0731,621,6931,038,460
2014-10-31$33.10$30.0035.0%11.3%56.5%11.2%40.2%2.7%0.5%39.0M-3.31B-9.5M0.455.30N/AN/A101,08345,7171,631,3991,048,293