MU Options History — July 2015

In July 2015, MU traded between $17.19 and $20.10. ATM implied volatility averaged 45.1%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded below realized volatility by 34.0% (HV 20d: 79.1%). Max pain ranged from $19.00 to $26.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.57.

Notable Days

  • 2015-07-14: Highest Volume — 340,092 contracts
  • 2015-07-06: Largest IV spike — 14.8% change
  • 2015-07-27: Highest IV Rank — 82.5%
  • 2015-07-27: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.70$17.19$20.10$18.77$18.53
Max Pain$19.68$19.00$26.00$26.00$19.00
ATM IV45.1%33.5%57.0%33.5%48.9%
Expected Move12.8%9.7%15.8%10.2%13.8%
HV 20d79.1%62.0%93.5%72.4%72.4%
HV 60d54.4%48.5%61.8%48.5%61.8%
IV Rank48.8%16.1%82.5%16.1%59.6%
IV Percentile80.8%26.6%98.4%26.6%94.0%
Term Structure0.8%-3.9%5.6%0.3%2.8%
VWIV45.7%35.2%57.2%36.2%49.2%
Skew 25d-0.4%-6.7%4.9%2.5%-1.3%
Skew 10d0.3%-15.0%14.9%5.3%-15.0%
Call IV 25d46.6%33.6%63.0%35.3%50.7%
Put IV 25d46.1%36.9%56.4%37.9%49.3%
Bid-Ask Spread %17.795.7254.8012.4924.58
Gamma HHI0.140.080.230.170.14
Net GEX6.3M-5.5M19.2M-5.5M12.5M
Net DEX554.3M-57.4M1.04B1.04B343.3M
Net VEX-5.7M-7.5M-3.9M-3.9M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.281.280.360.66
Total Volume154,721.04585,899340,092109,399149,872
Total OI2,380,573.52,080,7602,748,7322,256,2682,358,032

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-07-01$18.77$26.0033.5%10.2%72.4%16.1%36.2%2.5%0.3%-5.5M1.04B-3.9M0.3612.49N/AN/A80,68728,7121,347,164909,104
2015-07-02$19.09$26.0034.5%9.7%73.3%18.9%35.2%3.3%0.4%-4.3M973.6M-4.4M0.468.92N/AN/A118,12154,5421,388,852926,014
2015-07-06$18.29$20.0039.6%11.9%73.8%33.3%40.7%4.0%0.3%-5.1M1.01B-4.3M0.525.72N/AN/A178,68092,4621,390,748924,627
2015-07-07$18.23$19.0040.0%11.4%74.0%34.5%40.3%2.7%1.1%-766.7K941.4M-4.6M0.888.38N/AN/A91,44380,1301,514,336948,658
2015-07-08$17.65$19.0042.1%11.9%74.0%40.5%41.3%3.8%-0.2%-2.1M966.0M-4.4M0.776.86N/AN/A51,94840,0941,554,939955,108
2015-07-09$17.19$19.0042.6%12.0%73.7%41.9%41.1%4.9%-1.2%-3.0M1.03B-4.0M0.619.08N/AN/A65,22239,9711,567,060954,628
2015-07-10$17.57$19.0039.3%11.0%75.1%32.3%39.1%2.4%0.6%4.6M938.2M-4.4M1.285.92N/AN/A56,86072,5331,599,964956,051
2015-07-13$17.61$19.0037.0%10.5%75.0%25.9%37.2%2.5%-0.6%4.0M932.3M-4.4M0.375.89N/AN/A100,49336,9691,565,409949,938
2015-07-14$19.56$19.0042.0%12.1%86.3%40.1%42.7%1.1%-0.6%7.8M528.9M-5.7M0.4811.06N/AN/A230,095109,9971,613,395954,719
2015-07-15$18.85$19.0040.9%12.3%86.7%37.0%43.6%-2.3%2.9%6.7M696.7M-5.7M0.728.56N/AN/A76,47154,7241,667,693997,293
2015-07-16$19.59$19.0044.5%13.3%88.2%47.3%47.0%-3.6%2.1%8.3M492.0M-6.3M0.4816.79N/AN/A110,40953,2701,687,5051,013,963
2015-07-17$20.10$19.0047.9%13.9%89.1%56.7%49.3%2.1%-1.0%12.0M272.9M-6.7M0.7143.83N/AN/A133,65595,3771,714,9111,033,821
2015-07-20$18.85$19.0049.1%14.1%91.0%60.2%51.3%-2.2%1.9%8.1M318.0M-6.2M0.6054.80N/AN/A82,77249,5981,278,657802,103
2015-07-21$18.85$19.0050.3%14.4%91.1%63.6%53.4%-1.9%0.6%7.2M311.0M-6.3M0.2818.30N/AN/A69,18919,6451,307,563828,748
2015-07-22$17.98$19.0046.3%13.3%91.7%52.3%48.2%-1.4%5.6%3.7M501.1M-5.9M0.6724.25N/AN/A94,50063,3061,353,674856,134
2015-07-23$18.66$19.0047.1%13.3%93.5%54.6%48.3%-1.8%3.8%10.5M324.1M-6.5M0.5323.23N/AN/A56,07729,8221,382,770853,969
2015-07-24$18.34$19.0051.8%14.7%93.4%67.9%54.1%-3.9%-0.9%10.3M361.9M-6.3M0.2925.92N/AN/A97,04228,2191,392,480846,865
2015-07-27$18.11$19.0057.0%15.8%62.0%82.5%57.2%-6.7%-3.9%10.0M339.4M-6.2M0.3720.37N/AN/A81,39530,4931,366,304807,510
2015-07-28$19.76$19.0054.2%15.2%67.8%74.7%53.0%-3.9%-2.0%16.7M-15.0M-7.3M0.5921.08N/AN/A125,47973,6881,393,643824,844
2015-07-29$19.86$19.0052.5%14.2%67.8%69.8%50.9%-6.3%1.2%17.1M-47.0M-7.5M0.3917.39N/AN/A130,31850,3301,420,888849,566
2015-07-30$19.91$19.0050.3%12.8%67.7%63.5%46.1%-3.4%3.3%19.2M-57.4M-7.4M0.4917.90N/AN/A80,05239,2011,451,498861,469
2015-07-31$18.53$19.0048.9%13.8%72.4%59.6%49.2%-1.3%2.8%12.5M343.3M-6.5M0.6624.58N/AN/A90,26559,6071,477,900880,132