MU Options History — January 2015

In January 2015, MU traded between $28.99 and $34.80. ATM implied volatility averaged 37.6%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 3.0% (HV 20d: 34.6%). Max pain ranged from $32.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2015-01-16: Highest Volume — 540,604 contracts
  • 2015-01-07: Largest IV drop — 18.3% change
  • 2015-01-06: Highest IV Rank — 39.3%
  • 2015-01-06: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.11$28.99$34.80$34.80$29.26
Max Pain$32.70$32.00$35.00$35.00$32.00
ATM IV37.6%31.9%46.2%42.1%36.1%
Expected Move10.5%9.1%12.4%11.5%10.2%
HV 20d34.6%22.8%40.6%22.8%40.6%
HV 60d31.3%28.8%36.3%35.8%30.5%
IV Rank22.4%7.2%39.3%29.8%19.7%
IV Percentile35.5%7.5%82.1%58.7%30.6%
Term Structure-0.4%-2.8%1.0%-0.5%1.0%
VWIV36.8%32.6%42.3%40.4%36.5%
Skew 25d5.0%2.2%9.8%5.9%2.2%
Skew 10d10.6%7.6%16.5%10.2%8.1%
Call IV 25d36.0%31.0%43.1%41.0%36.1%
Put IV 25d41.0%34.7%52.9%47.0%38.2%
Bid-Ask Spread %10.307.0030.237.158.23
Gamma HHI0.130.060.700.090.06
Net GEX26.7M8.7M71.7M37.7M8.7M
Net DEX-1.46B-3.49B-34.6M-3.49B-50.5M
Net VEX-7.8M-8.3M-7.1M-8.1M-7.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.351.130.670.86
Total Volume173,710.855,860540,604170,18382,240
Total OI2,365,623.451,406,3423,266,7862,842,1091,609,781

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-01-02$34.80$35.0042.1%11.5%22.8%29.8%40.4%5.9%-0.5%37.7M-3.49B-8.1M0.677.15N/AN/A102,06568,1181,682,2541,159,855
2015-01-05$33.78$33.0046.1%12.3%24.8%39.1%42.3%6.8%-1.3%38.7M-3.11B-8.3M0.577.17N/AN/A89,24550,6471,704,3871,155,288
2015-01-06$32.87$34.0046.2%12.4%25.8%39.3%41.3%9.8%-2.3%34.8M-2.67B-8.3M0.5310.90N/AN/A200,461106,4021,725,8161,180,879
2015-01-07$32.10$33.0037.7%10.7%26.5%19.4%37.1%4.0%0.5%27.4M-2.44B-7.8M0.7910.63N/AN/A131,325103,1791,807,5021,233,751
2015-01-08$33.60$33.0034.4%9.4%32.1%14.5%33.6%6.1%0.4%46.3M-3.20B-7.7M0.667.78N/AN/A184,598121,9231,817,5131,261,360
2015-01-09$33.51$33.0033.5%9.3%31.2%11.8%32.7%4.8%0.4%34.1M-3.22B-8.0M1.009.46N/AN/A55,30455,2131,881,3431,309,383
2015-01-12$31.67$33.0038.2%10.4%36.4%25.8%35.8%5.5%-2.3%24.1M-2.34B-7.7M0.747.00N/AN/A128,11494,5941,814,3751,251,730
2015-01-13$30.75$33.0038.6%10.8%36.1%27.0%37.6%5.4%-0.8%22.3M-1.94B-7.8M1.137.29N/AN/A76,80286,7831,865,8451,285,087
2015-01-14$30.09$33.0040.8%11.2%36.4%33.7%39.3%5.6%-1.4%17.9M-1.61B-7.5M0.857.75N/AN/A116,16899,2771,866,7261,306,668
2015-01-15$29.32$33.0040.4%11.5%37.0%32.4%40.1%5.1%0.4%19.5M-1.30B-7.3M1.0830.23N/AN/A86,65393,7071,872,1611,321,961
2015-01-16$28.99$33.0039.5%11.4%35.0%29.7%39.2%4.4%0.3%71.7M-1.04B-7.1M0.3513.68N/AN/A400,999139,6051,903,9751,362,811
2015-01-20$29.67$32.0037.4%10.7%35.7%23.5%36.1%5.8%-0.2%19.2M-227.5M-7.5M0.4912.97N/AN/A68,99933,479823,568582,774
2015-01-21$30.49$32.0036.1%10.3%37.6%19.6%36.6%4.4%0.1%23.6M-471.8M-7.8M0.4710.60N/AN/A64,08530,182852,403602,771
2015-01-22$30.85$32.0033.3%9.5%38.0%11.3%34.4%4.4%0.5%24.5M-584.8M-7.8M0.389.29N/AN/A105,41739,886871,255616,806
2015-01-23$30.92$32.0031.9%9.2%37.7%7.2%32.6%3.7%-0.1%25.6M-628.7M-8.0M0.5512.15N/AN/A72,61840,178902,622629,333
2015-01-26$31.02$32.0032.4%9.1%37.8%8.8%32.6%4.1%-0.5%20.5M-562.0M-8.0M0.9910.09N/AN/A28,11627,744849,193611,420
2015-01-27$29.65$32.0035.5%9.9%40.1%17.8%34.5%3.6%-2.8%13.4M-171.1M-7.7M1.038.36N/AN/A46,69148,187861,158626,730
2015-01-28$29.14$32.0036.0%10.4%39.2%19.3%36.2%4.4%1.0%9.5M-34.6M-7.7M0.597.13N/AN/A53,35231,402886,275650,521
2015-01-29$29.70$32.0035.4%10.2%40.5%17.7%37.7%4.0%0.5%14.9M-196.2M-8.0M0.608.21N/AN/A68,86641,592904,271660,918
2015-01-30$29.26$32.0036.1%10.2%40.6%19.7%36.5%2.2%1.0%8.7M-50.5M-7.9M0.868.23N/AN/A44,20338,037933,976675,805