MU Options History — November 2014

In November 2014, MU traded between $32.27 and $35.95. ATM implied volatility averaged 32.7%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 0.5% (HV 20d: 32.2%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.81.

Notable Days

  • 2014-11-21: Highest Volume — 205,906 contracts
  • 2014-11-21: Largest IV spike — 5.5% change
  • 2014-11-04: Highest IV Rank — 14.1%
  • 2014-11-04: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.60$32.27$35.95$33.52$35.95
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV32.7%29.4%36.2%35.9%30.3%
Expected Move11.0%10.5%11.5%11.2%10.6%
HV 20d32.2%22.5%54.6%54.6%22.5%
HV 60d42.9%42.5%43.4%43.4%42.9%
IV Rank5.9%0.0%14.1%13.5%1.9%
IV Percentile7.0%0.0%20.6%18.3%1.2%
Term Structure-0.0%-1.2%1.4%-1.2%0.3%
VWIV38.4%36.4%40.0%39.7%37.9%
Skew 25d3.3%1.7%5.2%5.1%1.7%
Skew 10d7.8%4.5%11.8%11.7%11.8%
Call IV 25d31.9%28.8%34.8%33.8%30.5%
Put IV 25d35.2%31.3%39.6%38.8%32.2%
Bid-Ask Spread %6.214.668.355.065.53
Gamma HHI0.120.100.160.100.13
Net GEX43.6M38.0M53.0M42.1M40.0M
Net DEX-3.27B-3.83B-2.77B-3.38B-3.83B
Net VEX-8.7M-9.5M-7.9M-9.1M-7.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.342.010.420.59
Total Volume101,957.68454,162205,906119,12883,555
Total OI2,657,285.5792,546,3182,746,6082,617,4032,581,731

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-11-03$33.52$30.0035.9%11.2%54.6%13.5%39.7%5.1%-1.2%42.1M-3.38B-9.1M0.425.06N/AN/A83,71335,4151,588,9651,028,438
2014-11-04$33.40$30.0036.2%11.5%54.0%14.1%39.8%4.8%-0.0%43.3M-3.32B-9.5M0.655.61N/AN/A38,37724,9771,614,4141,037,664
2014-11-05$33.74$30.0035.5%11.3%53.9%12.4%38.9%4.0%-0.1%44.9M-3.42B-9.3M0.564.74N/AN/A36,28820,3471,604,6921,043,589
2014-11-06$33.35$30.0035.1%11.4%50.1%11.4%38.8%3.1%0.1%44.0M-3.28B-9.3M0.584.66N/AN/A44,01425,5731,608,6611,045,465
2014-11-07$33.00$30.0035.8%11.4%33.3%13.2%39.7%5.2%0.2%45.2M-3.12B-9.3M0.796.45N/AN/A64,75251,0021,622,7001,058,725
2014-11-10$33.08$30.0034.3%11.4%30.6%9.6%39.4%3.4%-0.6%41.8M-3.13B-9.1M1.416.16N/AN/A35,06149,5121,597,5151,048,108
2014-11-11$33.18$30.0033.9%11.2%29.4%8.6%39.2%3.3%-0.1%43.1M-3.23B-8.7M1.655.81N/AN/A30,53650,2861,596,7761,031,542
2014-11-12$32.96$30.0032.8%11.1%28.9%6.0%38.2%3.1%-0.5%44.4M-3.06B-8.9M0.946.33N/AN/A47,91645,1871,603,2571,048,737
2014-11-13$32.91$30.0032.6%11.1%28.4%5.4%37.3%5.1%0.0%45.2M-3.08B-8.9M2.016.53N/AN/A42,36185,3251,621,1941,063,415
2014-11-14$32.62$30.0031.7%11.1%28.8%3.4%40.0%2.0%-0.7%39.1M-2.94B-8.9M0.826.56N/AN/A49,32340,4321,626,0521,097,388
2014-11-17$32.27$30.0031.7%11.0%27.8%3.4%38.0%3.4%1.0%38.0M-2.77B-8.7M0.937.56N/AN/A80,95375,6201,599,2081,102,307
2014-11-18$32.89$30.0031.4%10.8%24.9%2.5%36.8%3.5%0.8%46.3M-3.05B-8.6M0.626.09N/AN/A74,89146,7541,619,0581,112,170
2014-11-19$32.96$30.0030.5%10.7%24.3%0.5%38.3%3.0%1.4%43.4M-3.09B-8.6M0.347.02N/AN/A40,50113,6611,624,5851,120,610
2014-11-20$33.20$30.0030.1%10.8%24.2%0.0%37.8%3.2%0.3%46.3M-3.17B-8.6M0.657.33N/AN/A60,24838,9191,624,7261,111,173
2014-11-21$34.26$30.0031.7%10.9%26.1%3.9%38.1%2.4%0.3%53.0M-3.66B-8.2M0.508.35N/AN/A137,53668,3701,629,0061,117,602
2014-11-24$34.73$30.0031.3%10.5%23.0%3.0%37.4%2.6%-0.5%42.1M-3.52B-8.2M0.606.10N/AN/A85,27551,4801,519,1361,027,876
2014-11-25$34.75$30.0030.2%10.5%22.9%0.3%37.6%2.2%-0.5%40.6M-3.38B-8.2M1.015.87N/AN/A37,78938,0241,494,0581,052,260
2014-11-26$35.62$30.0029.4%10.5%23.6%0.0%36.4%2.4%-0.4%45.7M-3.74B-7.9M0.406.27N/AN/A73,68829,5351,504,1051,061,518
2014-11-28$35.95$30.0030.3%10.6%22.5%1.9%37.9%1.7%0.3%40.0M-3.83B-7.9M0.595.53N/AN/A52,64630,9091,505,4271,076,304