MU Options History — May 2015

In May 2015, MU traded between $26.31 and $29.02. ATM implied volatility averaged 30.6%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 3.1% (HV 20d: 27.5%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.67.

Notable Days

  • 2015-05-15: Highest Volume — 127,415 contracts
  • 2015-05-26: Largest IV spike — 17.0% change
  • 2015-05-27: Highest IV Rank — 22.6%
  • 2015-05-07: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.43$26.31$29.02$29.02$28.00
Max Pain$29.50$29.00$30.00$29.00$29.00
ATM IV30.6%27.8%35.8%27.8%35.0%
Expected Move8.4%7.8%9.3%7.8%8.3%
HV 20d27.5%24.9%30.5%25.0%29.2%
HV 60d30.5%28.3%34.8%34.8%28.3%
IV Rank7.9%0.0%22.6%0.0%20.2%
IV Percentile12.1%0.0%44.8%0.0%36.5%
Term Structure1.5%-0.9%5.6%0.4%0.5%
VWIV29.8%27.5%32.2%27.5%29.7%
Skew 25d2.0%0.4%3.1%2.6%1.3%
Skew 10d3.8%-3.1%11.0%5.1%-1.9%
Call IV 25d30.1%26.8%36.6%26.8%36.6%
Put IV 25d32.1%28.7%37.9%29.4%37.9%
Bid-Ask Spread %8.525.8520.167.498.62
Gamma HHI0.110.070.330.330.11
Net GEX2.3M-15.3M45.4M45.4M15.4M
Net DEX163.0M-202.7M527.0M-184.9M-107.6M
Net VEX-7.3M-7.8M-6.8M-7.8M-7.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.191.390.611.39
Total Volume75,550.7531,829127,41580,03353,540
Total OI1,601,317.61,501,2171,686,9921,520,5281,668,866

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-05-01$29.02$29.0027.8%7.8%25.0%0.0%27.5%2.6%0.4%45.4M-184.9M-7.8M0.617.49N/AN/A49,62230,411784,784735,744
2015-05-04$28.67$30.0028.1%8.4%24.9%0.7%30.5%2.5%0.7%5.6M-61.1M-7.5M1.228.53N/AN/A14,34517,484769,804731,413
2015-05-05$28.05$30.0029.6%8.9%25.3%5.1%30.6%3.1%-0.1%-1.7M118.8M-7.3M0.687.76N/AN/A32,63622,045775,176741,468
2015-05-06$27.93$30.0030.4%8.9%25.3%7.2%30.7%2.5%0.1%-2.3M154.6M-7.3M0.5620.16N/AN/A41,11022,979786,509750,607
2015-05-07$27.27$30.0032.0%9.3%25.1%11.9%32.2%2.4%0.2%-7.1M314.5M-7.0M0.758.00N/AN/A60,68745,314801,860761,625
2015-05-08$27.18$30.0029.4%8.6%25.0%4.6%30.7%1.9%0.4%-8.8M352.7M-7.2M0.678.00N/AN/A64,32542,805822,751781,390
2015-05-11$27.75$30.0028.8%8.3%26.1%2.7%29.5%2.1%0.6%-2.0M166.2M-7.5M0.718.05N/AN/A42,85430,320825,800781,327
2015-05-12$26.90$30.0030.5%8.7%28.3%7.6%30.9%2.6%0.4%-9.5M383.5M-7.1M0.527.31N/AN/A46,21524,247839,932791,018
2015-05-13$27.22$30.0030.8%8.6%27.9%8.5%30.3%2.7%-0.9%-7.2M305.5M-7.2M0.637.09N/AN/A37,02323,337853,491794,824
2015-05-14$26.66$30.0029.5%8.5%28.7%4.8%29.7%2.3%-0.3%-15.3M467.9M-6.8M0.356.95N/AN/A70,11524,882850,470797,059
2015-05-15$26.34$30.0030.3%8.9%28.9%7.1%30.7%2.5%0.8%-2.9M527.0M-6.8M0.735.85N/AN/A73,51253,903882,727804,265
2015-05-18$26.76$29.0028.4%8.2%29.4%1.6%28.6%2.1%5.0%-853.0K256.0M-7.1M0.199.89N/AN/A71,47913,570823,682730,062
2015-05-19$26.31$29.0028.3%8.1%29.4%1.4%28.9%1.8%5.4%-308.1K332.8M-6.9M0.649.53N/AN/A30,62819,707853,326736,413
2015-05-20$26.59$29.0028.7%8.2%26.9%2.6%28.8%2.2%5.2%1.4M261.5M-7.1M0.387.70N/AN/A55,26621,211860,480746,039
2015-05-21$26.95$29.0029.4%8.1%27.6%4.4%28.6%1.5%5.6%4.3M173.2M-7.2M0.758.75N/AN/A42,29031,874870,567750,133
2015-05-22$27.34$29.0029.4%7.8%28.3%4.5%27.9%1.5%5.3%4.4M55.2M-7.5M0.598.34N/AN/A45,16626,485883,686753,240
2015-05-26$27.33$29.0034.4%8.1%28.3%18.7%28.8%1.3%-0.3%4.8M91.0M-7.4M1.047.83N/AN/A21,18821,974866,613749,659
2015-05-27$28.14$29.0035.8%8.6%30.5%22.6%30.2%1.4%0.5%10.3M-144.0M-7.7M0.416.63N/AN/A66,86527,325872,532753,160
2015-05-28$28.28$29.0035.1%8.5%30.5%20.6%30.3%0.4%-0.1%12.6M-202.7M-7.8M0.537.99N/AN/A60,24332,033885,823758,027
2015-05-29$28.00$29.0035.0%8.3%29.2%20.2%29.7%1.3%0.5%15.4M-107.6M-7.8M1.398.62N/AN/A22,35731,183901,460767,406