MU Options History — March 2015

In March 2015, MU traded between $26.57 and $31.27. ATM implied volatility averaged 41.0%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 4.1% (HV 20d: 36.9%). Max pain ranged from $29.00 to $31.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2015-03-31: Highest Volume — 155,583 contracts
  • 2015-03-25: Largest IV spike — 13.4% change
  • 2015-03-13: Highest IV Rank — 42.5%
  • 2015-03-31: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.16$26.57$31.27$31.27$27.16
Max Pain$29.50$29.00$31.00$31.00$29.00
ATM IV41.0%35.1%43.8%35.1%43.4%
Expected Move11.9%8.9%14.7%8.9%14.7%
HV 20d36.9%30.8%46.3%41.2%32.7%
HV 60d38.4%36.3%39.9%36.3%39.9%
IV Rank34.2%16.7%42.5%16.7%41.5%
IV Percentile61.7%24.2%78.2%24.2%78.2%
Term Structure-0.9%-3.0%1.8%1.8%-1.5%
VWIV40.9%31.0%49.3%31.0%49.3%
Skew 25d4.4%3.4%5.3%5.3%3.6%
Skew 10d8.2%3.9%11.2%11.2%9.1%
Call IV 25d39.1%35.0%42.8%35.0%41.6%
Put IV 25d43.5%39.5%46.5%40.3%45.3%
Bid-Ask Spread %6.464.538.767.386.38
Gamma HHI0.080.070.090.090.07
Net GEX3.2M-1.6M15.6M15.6M3.5M
Net DEX116.6M-621.7M440.5M-621.7M221.2M
Net VEX-7.3M-8.3M-6.4M-8.3M-7.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.291.340.550.55
Total Volume87,757.04549,962155,58367,709155,583
Total OI1,667,379.1821,564,0031,772,3081,566,2631,707,043

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$31.27$31.0035.1%8.9%41.2%16.7%31.0%5.3%1.8%15.6M-621.7M-8.3M0.557.38N/AN/A43,60324,106852,304713,959
2015-03-03$29.63$31.0038.0%9.8%44.6%25.3%33.4%3.8%1.7%4.5M-162.6M-8.0M0.628.26N/AN/A71,57244,535867,591725,578
2015-03-04$29.24$31.0038.8%9.8%44.6%27.8%33.0%4.6%0.2%2.3M-56.0M-7.9M0.598.62N/AN/A53,35231,686888,309733,638
2015-03-05$29.26$30.0039.1%11.2%44.6%28.5%39.2%4.8%0.0%4.4M-73.6M-7.9M1.048.36N/AN/A37,19638,714906,184739,765
2015-03-06$28.46$30.0039.5%11.7%45.2%29.7%40.0%3.5%1.4%-1.0M153.3M-7.6M0.634.53N/AN/A47,16929,726912,940748,762
2015-03-09$28.66$29.0041.2%11.6%44.8%34.7%40.9%4.5%-0.9%4.0M40.2M-7.6M0.616.70N/AN/A35,95921,789903,561727,207
2015-03-10$27.61$29.0043.2%11.9%46.3%40.7%40.5%4.7%-1.4%-195.7K288.3M-7.1M0.774.80N/AN/A47,72536,700917,587733,872
2015-03-11$27.88$29.0042.9%12.1%31.3%39.9%41.3%4.9%-1.0%1.9M195.9M-7.3M0.295.12N/AN/A49,41714,156940,505737,828
2015-03-12$28.02$29.0043.4%12.1%31.5%41.4%41.5%5.0%-1.4%2.4M169.0M-7.4M0.295.11N/AN/A67,88419,829953,658742,537
2015-03-13$28.72$29.0043.8%12.1%30.8%42.5%42.4%3.6%-3.0%7.1M-46.8M-7.7M0.715.32N/AN/A43,15530,598961,310748,850
2015-03-16$28.51$29.0042.2%12.0%30.8%37.8%41.9%4.9%-0.9%5.8M30.6M-7.5M0.535.29N/AN/A40,02721,307948,766744,220
2015-03-17$27.66$29.0042.6%12.1%31.1%39.0%42.4%4.9%-1.7%681.3K266.1M-7.0M0.895.30N/AN/A31,49728,017960,899749,497
2015-03-18$28.16$29.0042.4%12.2%32.4%38.5%42.2%4.8%-2.3%4.8M128.2M-7.2M0.498.21N/AN/A54,60426,505970,502750,846
2015-03-19$28.05$29.0041.5%12.0%32.3%35.8%40.2%5.1%-1.9%4.9M169.0M-7.2M0.465.58N/AN/A43,66320,013981,935761,017
2015-03-20$28.68$29.0037.0%10.7%33.6%22.2%38.2%4.0%-1.1%9.9M-17.4M-7.3M1.014.62N/AN/A53,11453,5481,001,063771,245
2015-03-23$28.02$30.0038.2%11.6%33.8%25.9%39.9%4.7%-0.9%750.8K122.2M-6.9M0.787.11N/AN/A40,68231,558878,666685,337
2015-03-24$27.96$30.0037.9%11.6%33.4%25.0%40.1%4.0%-1.2%363.5K132.6M-6.9M0.695.74N/AN/A29,65020,312896,288700,358
2015-03-25$26.57$30.0043.0%13.0%37.2%40.1%44.6%5.1%-1.7%-1.6M440.5M-6.4M1.347.25N/AN/A62,90584,510912,400712,324
2015-03-26$26.61$29.0043.5%13.5%37.1%41.7%46.4%4.9%-1.9%-1.4M422.9M-6.7M0.557.01N/AN/A98,26754,393939,414740,462
2015-03-27$26.68$29.0041.4%13.1%37.2%35.5%44.6%3.4%-1.5%1.1M404.0M-6.8M1.098.76N/AN/A53,15557,931978,102759,133
2015-03-30$26.65$29.0043.5%14.2%35.9%41.6%47.7%3.4%-1.6%-98.4K360.1M-6.8M0.686.61N/AN/A48,08132,462934,125742,755
2015-03-31$27.16$29.0043.4%14.7%32.7%41.5%49.3%3.6%-1.5%3.5M221.2M-7.2M0.556.38N/AN/A100,06355,520952,871754,172