MU Options History — February 2015

In February 2015, MU traded between $28.39 and $32.31. ATM implied volatility averaged 35.0%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 8.0% (HV 20d: 43.0%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.82.

Notable Days

  • 2015-02-24: Highest Volume — 215,145 contracts
  • 2015-02-05: Largest IV drop — 8.6% change
  • 2015-02-02: Highest IV Rank — 26.1%
  • 2015-02-02: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.60$28.39$32.31$28.44$30.64
Max Pain$30.68$30.00$32.00$32.00$31.00
ATM IV35.0%32.3%38.2%38.2%35.5%
Expected Move9.9%9.2%11.1%11.1%9.3%
HV 20d43.0%37.0%47.3%41.1%41.1%
HV 60d35.2%31.0%37.5%31.0%36.2%
IV Rank16.4%8.3%26.1%26.1%18.0%
IV Percentile23.6%9.9%41.7%41.7%30.6%
Term Structure0.7%-1.0%2.6%0.2%2.5%
VWIV34.9%32.5%38.4%38.4%32.7%
Skew 25d3.6%1.1%6.0%6.0%2.3%
Skew 10d8.1%3.8%13.3%7.6%4.0%
Call IV 25d34.0%30.9%36.9%36.9%33.3%
Put IV 25d37.6%34.1%42.8%42.8%35.7%
Bid-Ask Spread %7.725.3111.088.217.87
Gamma HHI0.080.060.100.070.08
Net GEX14.7M3.6M26.3M3.6M11.8M
Net DEX-535.0M-1.05B62.5M62.5M-468.9M
Net VEX-8.4M-9.1M-7.5M-7.5M-8.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.341.180.531.05
Total Volume96,420.89539,128215,145107,90663,830
Total OI1,634,867.9471,486,5931,781,4531,486,5931,619,830

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-02-02$28.44$32.0038.2%11.1%41.1%26.1%38.4%6.0%0.2%3.6M62.5M-7.5M0.538.21N/AN/A70,73437,172843,176643,417
2015-02-03$28.93$31.0035.7%10.3%41.5%18.5%35.6%5.7%-0.5%7.2M-53.9M-7.8M0.667.22N/AN/A51,18733,809872,973660,544
2015-02-04$28.99$31.0037.1%10.5%41.0%22.8%36.2%4.2%0.1%7.8M-88.4M-8.0M0.577.81N/AN/A57,52532,802897,062673,720
2015-02-05$29.47$30.0033.9%9.9%41.2%13.3%33.8%4.9%-0.1%15.3M-214.6M-8.1M0.347.28N/AN/A42,54514,526923,860689,182
2015-02-06$28.90$30.0035.1%9.9%37.0%16.7%35.4%2.6%0.6%11.8M-70.4M-8.0M0.899.10N/AN/A39,51435,033938,510690,585
2015-02-09$28.39$30.0036.0%10.3%37.1%19.3%36.1%3.8%0.6%8.2M56.5M-7.6M0.905.35N/AN/A36,92733,193915,712675,283
2015-02-10$31.10$30.0036.0%10.6%47.3%19.4%38.0%3.8%0.8%22.1M-774.3M-8.6M0.6511.07N/AN/A124,39080,734930,038692,754
2015-02-11$31.02$30.0036.2%10.4%46.1%20.1%35.9%4.3%-0.1%25.4M-767.5M-8.8M0.919.66N/AN/A74,90768,365966,020725,877
2015-02-12$31.96$30.0035.5%10.2%46.4%18.0%35.9%3.5%-0.3%26.3M-1.05B-9.1M0.677.19N/AN/A87,20958,257978,334760,353
2015-02-13$31.84$30.0034.4%9.8%45.3%14.7%35.0%1.1%-0.9%21.7M-1.05B-8.9M1.137.10N/AN/A59,26366,814999,533781,920
2015-02-17$32.31$31.0035.3%10.2%45.0%17.3%35.4%3.9%-1.0%22.9M-1.01B-8.8M0.946.42N/AN/A42,76940,416942,110770,657
2015-02-18$32.17$31.0034.0%9.8%44.6%13.6%34.6%3.6%0.6%21.1M-959.5M-8.8M0.895.31N/AN/A34,25230,319950,688780,157
2015-02-19$31.81$31.0033.8%9.7%44.1%12.9%33.9%3.1%0.2%15.9M-842.7M-8.6M0.786.22N/AN/A22,01217,116954,333782,807
2015-02-20$32.03$31.0032.3%9.2%44.0%8.3%32.5%3.2%1.1%10.1M-923.3M-8.5M0.767.56N/AN/A37,03628,223956,261786,525
2015-02-23$31.39$31.0032.3%9.2%44.7%8.4%32.5%3.6%2.5%15.1M-637.4M-8.3M0.947.12N/AN/A31,14129,328828,022680,282
2015-02-24$30.79$31.0034.4%9.7%45.2%14.7%34.0%2.5%2.3%11.3M-474.8M-8.3M0.8911.08N/AN/A113,813101,332837,029697,745
2015-02-25$30.51$31.0034.5%9.6%42.2%14.8%33.7%2.7%1.1%9.9M-428.3M-8.4M0.887.28N/AN/A41,27836,368872,983737,669
2015-02-26$30.65$31.0034.6%9.3%41.6%15.4%33.1%3.3%2.6%12.3M-466.6M-8.4M1.187.76N/AN/A26,52331,335876,132730,408
2015-02-27$30.64$31.0035.5%9.3%41.1%18.0%32.7%2.3%2.5%11.8M-468.9M-8.3M1.057.87N/AN/A31,09932,731882,526737,304