MU Options History — August 2015

In August 2015, MU traded between $14.34 and $19.00. ATM implied volatility averaged 55.3%, placing in the 70.5% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 5.8% (HV 20d: 61.1%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2015-08-17: Highest Volume — 170,445 contracts
  • 2015-08-20: Largest IV spike — 15.6% change
  • 2015-08-21: Highest IV Rank — 100.0%
  • 2015-08-24: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.84$14.34$19.00$19.00$16.45
Max Pain$19.86$19.00$20.00$19.00$20.00
ATM IV55.3%47.9%73.8%51.8%66.1%
Expected Move15.6%13.3%20.2%14.6%17.8%
HV 20d61.1%47.8%71.3%71.3%56.7%
HV 60d63.6%61.5%67.9%62.0%67.9%
IV Rank70.5%56.7%100.0%67.8%83.4%
IV Percentile95.7%90.1%100.0%96.4%99.6%
Term Structure2.4%-2.7%14.4%-1.7%-2.5%
VWIV55.4%48.5%67.2%52.7%62.9%
Skew 25d0.5%-6.8%14.8%1.3%14.8%
Skew 10d1.2%-12.1%36.5%1.3%36.5%
Call IV 25d56.8%49.7%70.4%52.9%63.1%
Put IV 25d57.3%46.1%78.5%54.3%77.8%
Bid-Ask Spread %24.796.8959.3221.5810.42
Gamma HHI0.130.070.350.150.07
Net GEX8.5M-610.6K16.9M15.5M5.9M
Net DEX519.8M182.9M870.9M185.9M457.6M
Net VEX-5.5M-6.8M-4.0M-6.8M-5.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.171.400.230.28
Total Volume112,854.47648,134170,44564,56388,473
Total OI2,364,085.7142,200,3272,558,6822,285,2712,271,004

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-08-03$19.00$19.0051.8%14.6%71.3%67.8%52.7%1.3%-1.7%15.5M185.9M-6.8M0.2321.58N/AN/A52,52712,0361,438,436846,835
2015-08-04$19.00$19.0048.7%14.1%71.3%59.1%50.8%-3.1%1.6%16.4M182.9M-6.8M0.4616.18N/AN/A37,28616,9991,449,487853,351
2015-08-05$18.89$19.0049.3%13.6%70.2%60.9%49.9%-4.9%1.4%16.9M199.8M-6.8M0.659.48N/AN/A29,15118,9831,453,526859,069
2015-08-06$18.75$20.0050.0%13.9%69.4%62.6%48.5%-1.5%-0.3%15.7M258.8M-6.7M1.4049.73N/AN/A34,65648,5361,457,751862,663
2015-08-07$18.39$20.0049.6%13.8%69.6%61.7%49.5%-6.8%4.4%12.3M379.4M-6.6M0.4452.58N/AN/A73,32031,9971,464,700898,346
2015-08-10$18.79$20.0047.9%13.3%69.9%56.7%49.9%-0.8%-2.7%16.0M305.8M-6.5M0.5059.32N/AN/A42,30921,1361,445,922882,430
2015-08-11$17.88$20.0048.6%13.7%61.1%58.9%50.7%-3.5%0.3%10.9M459.6M-6.1M0.2430.11N/AN/A61,96514,9821,464,630881,944
2015-08-12$18.18$20.0049.2%14.1%60.2%60.5%50.9%-0.7%-0.0%15.5M375.3M-6.4M0.3951.41N/AN/A82,87132,0441,487,984887,330
2015-08-13$17.70$20.0048.7%14.6%58.9%59.0%51.9%-4.8%3.6%12.5M491.2M-6.0M0.847.25N/AN/A54,18345,6831,514,907903,661
2015-08-14$16.91$20.0052.4%14.9%59.4%69.5%53.2%3.1%-0.1%5.4M677.6M-5.4M0.5233.75N/AN/A110,26757,3401,531,776924,066
2015-08-17$17.22$20.0050.0%14.3%56.3%62.7%51.9%-0.2%7.0%5.8M622.1M-5.6M0.4630.57N/AN/A116,95053,4951,493,055926,085
2015-08-18$16.37$20.0049.9%14.4%58.6%62.4%51.1%-1.1%3.9%2.1M720.6M-5.1M0.516.89N/AN/A94,94948,3771,540,456939,165
2015-08-19$15.90$20.0051.2%14.7%57.3%66.1%52.4%-0.3%0.3%-610.6K784.8M-4.8M0.738.25N/AN/A50,85036,9991,561,499955,488
2015-08-20$14.70$20.0059.2%16.8%60.3%88.6%59.0%0.9%6.6%-351.8K870.9M-4.1M0.8242.12N/AN/A82,18167,3931,575,046959,164
2015-08-21$14.60$20.0065.4%18.6%60.3%100.0%67.2%1.0%2.4%760.3K823.0M-4.3M0.3631.41N/AN/A117,44242,5021,601,367957,315
2015-08-24$14.55$20.0073.8%20.2%60.3%100.0%66.4%10.4%-2.7%2.4M676.8M-4.4M0.6311.70N/AN/A90,21756,4651,319,328880,999
2015-08-25$14.34$20.0065.3%17.4%47.9%81.7%61.4%2.4%14.4%2.3M722.1M-4.0M0.2210.92N/AN/A110,32324,7931,344,060878,420
2015-08-26$14.37$20.0062.0%17.2%47.8%74.4%60.6%-3.2%4.1%3.0M718.3M-4.0M0.179.45N/AN/A110,75818,4701,397,634889,475
2015-08-27$15.65$20.0058.0%16.6%59.6%65.8%58.2%5.8%4.1%8.9M547.7M-4.9M0.5113.90N/AN/A94,73648,6621,432,877892,144
2015-08-28$15.93$20.0063.9%18.2%56.1%78.6%64.3%2.3%7.0%12.1M455.4M-5.3M0.5413.48N/AN/A89,33448,3041,434,593887,812
2015-08-31$16.45$20.0066.1%17.8%56.7%83.4%62.9%14.8%-2.5%5.9M457.6M-5.6M0.2810.42N/AN/A68,98319,4901,380,366890,638