MU Options History — June 2015

In June 2015, MU traded between $18.76 and $28.41. ATM implied volatility averaged 37.4%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 4.3% (HV 20d: 33.1%). Max pain ranged from $26.00 to $29.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.74.

Notable Days

2015-06-26: Highest Volume — 608,456 contracts
2015-06-26: Largest IV drop — 16.2% change
2015-06-25: Highest IV Rank — 39.4%
2015-06-25: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.53	$18.76	$28.41	$28.41	$18.88
Max Pain	$27.95	$26.00	$29.00	$29.00	$26.00
ATM IV	37.4%	35.0%	41.7%	35.2%	37.0%
Expected Move	10.6%	8.3%	13.0%	8.3%	11.0%
HV 20d	33.1%	22.4%	72.3%	27.1%	72.3%
HV 60d	30.2%	25.5%	48.8%	28.4%	48.6%
IV Rank	27.2%	20.3%	39.4%	21.0%	26.1%
IV Percentile	56.1%	36.5%	78.6%	40.5%	54.8%
Term Structure	-1.2%	-4.0%	-0.1%	-0.7%	-0.4%
VWIV	37.3%	29.7%	45.9%	29.7%	38.8%
Skew 25d	2.2%	-0.1%	4.5%	0.5%	3.6%
Skew 10d	2.1%	-5.7%	8.7%	0.0%	5.7%
Call IV 25d	37.1%	34.1%	41.3%	36.0%	36.4%
Put IV 25d	39.3%	36.5%	44.5%	36.5%	40.0%
Bid-Ask Spread %	6.29	4.03	10.29	7.84	5.96
Gamma HHI	0.11	0.07	0.24	0.08	0.16
Net GEX	-1.8M	-9.3M	11.1M	11.1M	-5.3M
Net DEX	580.9M	-193.9M	1.29B	-193.9M	1.07B
Net VEX	-6.3M	-7.7M	-3.6M	-7.7M	-3.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.26	1.50	1.26	0.87
Total Volume	136,090.136	45,660	608,456	68,804	119,652
Total OI	1,903,247.682	1,647,635	2,255,002	1,647,635	2,245,639

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2015-06-01	$28.41	$29.00	35.2%	8.3%	27.1%	21.0%	29.7%	0.5%	-0.7%	11.1M	-193.9M	-7.7M	1.26	7.84	N/A	N/A	30,379	38,425	882,439	765,196
2015-06-02	$27.79	$29.00	36.1%	8.5%	27.9%	23.4%	30.0%	2.1%	-0.6%	7.7M	-15.4M	-7.6M	1.05	6.37	N/A	N/A	22,326	23,334	897,753	774,104
2015-06-03	$27.08	$29.00	36.5%	8.7%	28.3%	24.5%	30.7%	1.7%	-1.3%	1.4M	190.6M	-7.3M	1.00	7.17	N/A	N/A	30,657	30,579	907,989	780,799
2015-06-04	$26.98	$29.00	38.5%	10.6%	28.3%	30.2%	37.1%	0.1%	-1.4%	393.8K	213.3M	-7.3M	0.65	6.00	N/A	N/A	60,977	39,426	916,470	791,091
2015-06-05	$26.61	$29.00	37.9%	10.3%	27.5%	28.4%	36.0%	1.1%	-4.0%	-1.3M	300.5M	-7.2M	1.35	5.69	N/A	N/A	39,424	53,082	948,587	804,097
2015-06-08	$25.95	$29.00	37.6%	10.5%	28.7%	27.6%	37.1%	1.2%	-0.4%	-6.6M	475.6M	-6.8M	0.26	4.94	N/A	N/A	90,311	23,251	926,292	814,733
2015-06-09	$25.20	$29.00	37.6%	10.5%	28.9%	27.6%	37.1%	1.1%	-0.8%	-7.7M	635.6M	-6.4M	0.52	5.02	N/A	N/A	99,162	51,652	969,290	822,156
2015-06-10	$25.24	$29.00	35.6%	10.1%	27.2%	21.9%	35.8%	-0.1%	-0.1%	-7.3M	640.7M	-6.5M	0.27	4.72	N/A	N/A	84,480	22,528	990,244	841,812
2015-06-11	$25.02	$28.00	35.9%	10.2%	26.7%	22.7%	35.9%	1.4%	-0.1%	-6.9M	681.5M	-6.5M	0.65	5.32	N/A	N/A	52,177	33,858	1,011,838	845,853
2015-06-12	$25.16	$28.00	36.4%	10.4%	26.2%	24.4%	36.8%	0.6%	-0.4%	-5.9M	643.6M	-6.7M	0.35	4.71	N/A	N/A	67,542	23,355	1,024,531	859,943
2015-06-15	$24.24	$28.00	38.6%	11.0%	28.7%	30.4%	38.1%	2.1%	-1.1%	-7.6M	806.1M	-5.9M	0.59	4.03	N/A	N/A	94,167	55,360	1,023,855	844,319
2015-06-16	$24.21	$28.00	37.4%	10.7%	27.8%	27.1%	36.9%	2.5%	-1.5%	-6.2M	796.4M	-6.1M	0.73	5.87	N/A	N/A	40,275	29,588	1,065,474	858,428
2015-06-17	$24.46	$28.00	36.7%	10.5%	27.9%	25.0%	36.1%	2.4%	-1.7%	-4.6M	731.0M	-6.4M	0.51	5.76	N/A	N/A	34,350	17,355	1,083,630	865,157
2015-06-18	$24.45	$28.00	36.9%	10.7%	27.4%	25.7%	35.7%	2.4%	-2.0%	-3.5M	732.9M	-6.3M	0.48	4.56	N/A	N/A	61,393	29,177	1,094,908	865,921
2015-06-19	$24.50	$28.00	37.1%	10.8%	26.8%	26.2%	37.6%	2.4%	-1.9%	-333.6K	704.4M	-6.4M	0.42	5.52	N/A	N/A	82,642	34,488	1,124,441	868,190
2015-06-22	$24.45	$28.00	37.9%	11.5%	25.8%	28.4%	39.5%	4.2%	-1.2%	1.8M	492.4M	-6.5M	0.65	7.37	N/A	N/A	83,716	54,825	1,051,797	788,806
2015-06-23	$24.50	$27.00	38.8%	11.9%	25.9%	31.1%	43.1%	3.8%	-1.5%	7.0M	422.4M	-6.9M	1.50	7.10	N/A	N/A	55,465	83,096	1,139,001	821,227
2015-06-24	$24.06	$27.00	40.7%	12.7%	22.8%	36.4%	45.4%	4.5%	-2.0%	4.8M	527.5M	-6.7M	0.90	6.99	N/A	N/A	69,928	62,999	1,172,303	855,907
2015-06-25	$24.03	$27.00	41.7%	13.0%	22.4%	39.4%	45.9%	3.2%	-2.2%	5.9M	509.0M	-6.9M	0.54	10.29	N/A	N/A	178,641	95,815	1,207,609	882,863
2015-06-26	$19.66	$26.00	35.0%	10.3%	72.0%	20.3%	35.3%	3.3%	-0.1%	-9.3M	1.29B	-3.6M	0.81	9.21	N/A	N/A	336,946	271,510	1,315,335	939,667
2015-06-29	$18.76	$26.00	38.4%	11.4%	71.6%	29.9%	40.6%	3.8%	-0.7%	-6.6M	1.13B	-3.6M	0.92	7.92	N/A	N/A	96,522	89,148	1,275,945	905,810
2015-06-30	$18.88	$26.00	37.0%	11.0%	72.3%	26.1%	38.8%	3.6%	-0.4%	-5.3M	1.07B	-3.9M	0.87	5.96	N/A	N/A	63,860	55,792	1,322,459	923,180