MU Options History — December 2014

In December 2014, MU traded between $32.98 and $36.39. ATM implied volatility averaged 40.4%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 15.2% (HV 20d: 25.2%). Max pain ranged from $29.00 to $35.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.83.

Notable Days

  • 2014-12-16: Highest Volume — 166,281 contracts
  • 2014-12-08: Largest IV spike — 16.0% change
  • 2014-12-15: Highest IV Rank — 45.3%
  • 2014-12-16: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.98$32.98$36.39$35.00$35.01
Max Pain$31.14$29.00$35.00$31.00$35.00
ATM IV40.4%32.0%48.8%32.6%41.4%
Expected Move11.3%10.4%12.9%11.1%10.9%
HV 20d25.2%21.8%29.3%21.9%23.5%
HV 60d39.9%36.1%43.1%43.0%36.1%
IV Rank25.6%6.0%45.3%7.3%28.0%
IV Percentile47.2%7.5%81.3%9.5%54.4%
Term Structure0.7%-4.2%9.7%6.2%-1.3%
VWIV41.7%36.8%52.6%38.4%39.0%
Skew 25d3.9%0.2%6.8%2.5%5.4%
Skew 10d7.6%2.6%14.5%2.8%10.9%
Call IV 25d39.3%28.5%46.6%32.3%39.7%
Put IV 25d43.2%30.2%52.7%34.8%45.1%
Bid-Ask Spread %6.233.9710.344.904.16
Gamma HHI0.100.080.140.120.08
Net GEX34.5M19.6M47.2M36.1M30.6M
Net DEX-3.52B-4.04B-2.74B-3.42B-3.59B
Net VEX-8.3M-9.1M-7.8M-8.1M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.281.410.940.73
Total Volume99,644.72743,792166,281104,30684,960
Total OI2,721,042.9552,561,3002,868,5812,561,3002,797,273

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$35.00$31.0032.6%11.1%21.9%7.3%38.4%2.5%6.2%36.1M-3.42B-8.1M0.944.90N/AN/A53,71950,5871,502,6201,058,680
2014-12-02$35.60$31.0032.2%10.9%22.3%6.5%38.4%6.4%6.8%38.3M-3.64B-8.1M0.776.28N/AN/A43,90133,9761,515,6841,073,257
2014-12-03$36.14$31.0032.0%11.0%22.5%6.0%40.8%0.5%6.1%43.8M-3.90B-7.9M0.735.53N/AN/A85,16562,5941,531,3121,079,767
2014-12-04$36.07$30.0033.4%11.0%22.5%9.4%38.1%1.7%6.0%42.4M-3.88B-8.0M0.505.06N/AN/A55,68027,6531,554,3511,106,374
2014-12-05$36.39$30.0032.3%11.0%21.8%6.7%42.3%1.7%9.7%45.3M-4.04B-8.0M0.916.48N/AN/A52,11847,5481,567,3841,100,747
2014-12-08$35.95$30.0037.5%11.1%22.0%18.8%46.3%2.2%-1.0%33.8M-3.77B-8.0M0.693.97N/AN/A56,86939,4461,536,7681,087,900
2014-12-09$35.66$29.0041.8%11.4%22.4%28.9%37.8%6.8%-3.3%33.7M-3.70B-8.2M0.574.89N/AN/A67,05038,3981,562,5441,098,505
2014-12-10$34.83$29.0043.0%11.9%24.4%31.8%49.1%2.3%0.2%32.3M-3.38B-8.5M0.736.10N/AN/A58,01642,1121,580,4501,103,412
2014-12-11$35.14$29.0043.7%11.6%24.3%33.4%44.7%3.5%-4.2%38.0M-3.53B-8.4M0.955.61N/AN/A55,86753,1191,595,8891,115,700
2014-12-12$34.01$29.0046.8%12.2%27.4%40.6%52.6%0.2%1.1%25.2M-3.02B-8.8M0.908.65N/AN/A69,79963,0281,602,8421,132,180
2014-12-15$33.51$29.0048.8%12.7%27.8%45.3%49.3%5.6%-1.3%27.3M-2.87B-8.7M0.627.14N/AN/A97,46460,1411,600,7891,123,378
2014-12-16$32.98$29.0048.7%12.9%28.1%45.3%44.8%6.1%-2.4%28.5M-2.74B-8.9M1.016.64N/AN/A82,57683,7051,647,4101,129,298
2014-12-17$33.84$29.0047.3%12.6%28.8%41.8%44.7%5.6%1.4%31.8M-3.16B-9.1M0.9510.34N/AN/A57,17854,1661,688,8751,157,103
2014-12-18$34.42$29.0044.9%12.2%29.3%36.3%43.6%4.5%-0.6%38.0M-3.45B-8.8M1.016.60N/AN/A46,56846,9661,695,7521,154,744
2014-12-19$34.49$29.0042.6%11.7%29.3%30.9%43.7%4.6%-1.1%47.2M-3.50B-8.5M0.288.22N/AN/A72,98820,6201,706,8581,161,723
2014-12-22$34.64$0.0041.0%10.7%27.1%27.1%37.4%5.0%-0.8%33.2M-3.48B-8.2M0.868.35N/AN/A41,28235,5931,624,3411,092,695
2014-12-23$34.99$35.0039.1%10.6%26.9%22.5%37.6%4.3%-0.4%34.2M-3.62B-8.2M1.146.39N/AN/A32,35736,7451,642,8281,107,231
2014-12-24$34.91$35.0038.9%10.5%27.0%22.2%36.8%4.7%-0.9%31.2M-3.57B-8.2M1.176.16N/AN/A20,15023,6421,641,9631,116,232
2014-12-26$35.02$35.0039.9%10.6%25.4%24.5%37.3%4.2%-2.1%19.6M-3.62B-8.1M0.934.87N/AN/A36,12133,6641,646,5191,119,677
2014-12-29$35.56$35.0039.9%10.4%25.8%24.5%37.3%4.4%-1.1%35.2M-3.81B-7.8M1.415.19N/AN/A48,08667,7651,625,9161,104,721
2014-12-30$35.40$35.0040.2%10.7%23.9%25.3%37.5%4.5%-0.9%32.7M-3.73B-7.9M0.535.61N/AN/A34,40318,3991,636,1131,135,140
2014-12-31$35.01$35.0041.4%10.9%23.5%28.0%39.0%5.4%-1.3%30.6M-3.59B-8.1M0.734.16N/AN/A49,18535,7751,657,9991,139,274