MU Options History — April 2015

In April 2015, MU traded between $26.86 and $29.54. ATM implied volatility averaged 30.9%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 3.5% (HV 20d: 27.4%). Max pain ranged from $27.00 to $30.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.95.

Notable Days

  • 2015-04-01: Highest Volume — 241,465 contracts
  • 2015-04-02: Largest IV drop — 22.3% change
  • 2015-04-01: Highest IV Rank — 43.7%
  • 2015-04-01: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.16$26.86$29.54$27.12$28.09
Max Pain$29.19$27.00$30.00$29.00$29.00
ATM IV30.9%28.0%44.2%44.2%30.2%
Expected Move9.0%8.0%15.1%15.1%8.9%
HV 20d27.4%19.7%32.7%32.5%23.0%
HV 60d36.2%33.9%39.6%39.6%34.1%
IV Rank5.9%0.0%43.7%43.7%6.3%
IV Percentile8.0%0.0%85.3%85.3%6.3%
Term Structure0.1%-1.8%3.0%-1.8%0.4%
VWIV31.3%27.8%51.5%51.5%30.4%
Skew 25d3.0%2.2%4.0%3.9%3.6%
Skew 10d6.3%4.6%11.6%7.4%11.6%
Call IV 25d29.7%27.0%42.3%42.3%29.2%
Put IV 25d32.7%29.4%46.1%46.1%32.8%
Bid-Ask Spread %7.635.679.868.908.05
Gamma HHI0.100.070.220.070.10
Net GEX10.8M-359.3K37.8M5.5M1.4M
Net DEX7.8M-393.1M384.9M204.7M88.8M
Net VEX-7.3M-7.9M-6.7M-7.2M-7.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.462.030.900.67
Total Volume94,268.09544,066241,465241,46550,084
Total OI1,682,515.3811,299,2801,926,1201,776,1631,508,267

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$27.12$29.0044.2%15.1%32.5%43.7%51.5%3.9%-1.8%5.5M204.7M-7.2M0.908.90N/AN/A126,923114,5421,000,675775,488
2015-04-02$26.86$27.0034.3%9.8%32.5%14.5%33.9%3.0%-0.2%1.7M384.9M-6.9M0.619.86N/AN/A138,80185,2611,059,838832,100
2015-04-06$27.40$27.0032.6%9.5%32.4%9.2%32.7%2.5%0.4%7.9M190.1M-7.0M0.618.07N/AN/A71,55443,4641,032,493778,316
2015-04-07$26.90$27.0032.4%9.2%32.7%8.7%32.4%4.0%0.3%-359.3K344.4M-6.7M1.066.08N/AN/A44,97447,6351,046,683792,010
2015-04-08$27.13$27.0032.4%9.4%30.3%8.8%30.7%3.2%0.3%1.4M269.8M-6.8M0.838.14N/AN/A44,97337,3231,052,363804,333
2015-04-09$27.83$30.0030.1%8.6%31.5%2.0%31.0%2.2%-0.3%16.5M82.2M-7.2M1.236.84N/AN/A45,74856,3741,076,678828,197
2015-04-10$28.04$30.0029.7%8.5%31.6%0.9%29.8%2.8%-0.5%37.8M-15.4M-7.3M0.615.67N/AN/A39,77424,4241,093,708832,412
2015-04-13$27.89$30.0030.0%8.6%30.3%1.6%30.1%2.8%-0.3%11.8M115.7M-7.0M1.246.46N/AN/A23,06028,5131,043,580808,591
2015-04-14$27.69$30.0029.8%8.5%30.3%0.9%30.0%3.1%0.7%7.3M188.8M-7.0M1.007.10N/AN/A29,73429,8371,051,071820,414
2015-04-15$28.16$30.0030.6%8.8%28.9%3.5%31.1%2.9%1.3%17.6M11.7M-7.2M1.207.52N/AN/A44,82953,9961,051,700820,486
2015-04-16$28.05$30.0030.0%8.6%28.2%1.7%30.4%3.2%-0.3%10.5M73.8M-7.1M0.667.27N/AN/A41,32227,1731,067,127837,106
2015-04-17$28.07$30.0029.9%8.6%28.2%1.3%29.0%3.7%0.5%17.4M46.4M-7.1M0.556.62N/AN/A53,92129,5411,075,925846,433
2015-04-20$28.28$30.0028.8%8.4%27.1%0.0%29.6%2.5%-0.3%4.8M-64.1M-7.1M0.867.36N/AN/A36,22231,125674,338624,942
2015-04-21$28.59$30.0028.1%8.1%26.1%0.0%27.8%2.4%-0.2%8.4M-129.6M-7.3M0.997.47N/AN/A45,29744,703691,404639,545
2015-04-22$29.49$29.0029.3%8.4%28.1%3.4%29.6%2.9%-0.1%13.2M-365.4M-7.7M0.468.87N/AN/A109,97850,241725,454670,099
2015-04-23$29.54$29.5028.0%8.0%19.7%0.0%28.0%2.6%-0.1%18.2M-393.1M-7.8M1.066.62N/AN/A39,12741,654766,362691,444
2015-04-24$29.22$30.0030.9%8.8%20.5%8.3%31.0%2.5%-0.7%11.4M-289.9M-7.9M1.079.11N/AN/A41,21343,953775,823707,430
2015-04-27$29.22$29.5029.0%8.6%20.6%2.8%29.7%2.9%3.0%13.3M-261.1M-7.8M1.447.29N/AN/A21,17130,589757,814701,908
2015-04-28$28.97$29.5029.3%8.7%21.0%3.8%30.0%3.3%0.3%11.5M-185.5M-7.7M2.037.20N/AN/A21,95244,559763,803709,238
2015-04-29$28.86$29.5028.9%8.2%20.4%2.4%28.7%2.6%0.9%10.2M-134.2M-7.7M0.779.74N/AN/A24,95819,108768,869728,356
2015-04-30$28.09$29.0030.2%8.9%23.0%6.3%30.4%3.6%0.4%1.4M88.8M-7.4M0.678.05N/AN/A29,98720,097777,025731,242