MU Options History — September 2015

In September 2015, MU traded between $14.08 and $17.53. ATM implied volatility averaged 63.8%, placing in the 78.4% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded above realized volatility by 8.7% (HV 20d: 55.1%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.42.

Notable Days

  • 2015-09-18: Highest Volume — 160,456 contracts
  • 2015-09-24: Largest IV spike — 6.0% change
  • 2015-09-01: Highest IV Rank — 92.5%
  • 2015-09-28: Largest Expected Move — 22.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.97$14.08$17.53$15.82$14.98
Max Pain$19.57$19.00$20.00$19.00$19.00
ATM IV63.8%58.8%70.3%70.3%66.1%
Expected Move18.5%16.9%22.4%18.5%21.7%
HV 20d55.1%46.1%61.6%57.7%49.5%
HV 60d65.7%57.6%70.4%68.1%59.6%
IV Rank78.4%67.5%92.5%92.5%83.4%
IV Percentile96.2%92.1%99.6%99.6%97.6%
Term Structure-2.5%-4.7%-0.1%-3.3%-1.2%
VWIV64.6%58.4%78.2%66.0%75.0%
Skew 25d4.6%2.0%6.7%4.1%6.7%
Skew 10d14.4%-2.1%39.5%16.1%21.5%
Call IV 25d62.6%57.1%69.5%67.5%64.8%
Put IV 25d67.2%62.2%75.1%71.6%71.5%
Bid-Ask Spread %6.824.6110.2710.277.66
Gamma HHI0.100.070.110.070.10
Net GEX6.0M2.3M10.0M5.2M4.1M
Net DEX532.8M342.4M670.9M525.9M594.8M
Net VEX-4.7M-5.7M-3.7M-5.2M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.120.670.490.24
Total Volume81,064.85732,207160,45647,715146,600
Total OI2,321,304.7622,156,9712,382,2842,299,8792,328,927

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-09-01$15.82$19.0070.3%18.5%57.7%92.5%66.0%4.1%-3.3%5.2M525.9M-5.2M0.4910.27N/AN/A31,94115,7741,401,161898,718
2015-09-02$16.24$19.0068.2%17.4%59.1%87.9%60.6%5.6%-3.6%6.6M492.0M-5.3M0.577.91N/AN/A44,77525,3911,409,078901,085
2015-09-03$16.61$20.0065.8%17.4%60.0%82.7%60.4%2.0%-2.1%8.5M444.8M-5.4M0.165.70N/AN/A132,37321,4471,425,115901,244
2015-09-04$16.84$20.0064.7%17.5%60.2%80.3%61.1%4.6%-1.7%7.2M403.4M-5.5M0.656.40N/AN/A42,73927,9151,461,882906,089
2015-09-08$17.53$20.0063.3%16.9%61.6%77.3%59.7%4.4%-4.3%9.3M342.4M-5.7M0.414.61N/AN/A42,11617,3161,436,385889,940
2015-09-09$16.92$20.0062.0%17.0%60.4%74.4%58.4%2.7%-2.5%8.1M449.6M-5.3M0.675.44N/AN/A44,29429,4881,449,338894,763
2015-09-10$17.22$20.0061.6%17.1%60.4%73.5%58.7%6.2%-2.3%10.0M401.9M-5.5M0.546.32N/AN/A27,92914,9911,466,018904,721
2015-09-11$16.80$20.0060.5%17.1%60.3%71.2%58.9%5.6%-0.8%7.1M480.8M-5.2M0.466.78N/AN/A29,23913,3611,473,256909,028
2015-09-14$16.68$20.0062.0%17.4%58.2%74.3%60.6%6.3%-0.1%6.8M513.2M-5.0M0.255.36N/AN/A44,82211,3991,446,989892,537
2015-09-15$16.52$20.0060.9%17.4%57.8%71.9%60.9%4.7%-1.2%8.0M523.7M-4.9M0.205.86N/AN/A50,30510,2481,476,167891,170
2015-09-16$16.67$20.0058.8%16.9%55.0%67.5%59.2%4.6%-2.7%9.1M509.3M-4.9M0.365.92N/AN/A23,6758,5321,466,037891,633
2015-09-17$16.38$20.0058.9%17.1%54.3%67.7%58.7%5.5%-4.1%6.3M559.4M-4.7M0.398.43N/AN/A29,79311,6891,472,438892,577
2015-09-18$15.49$20.0062.1%18.0%50.3%74.6%62.4%4.4%-2.3%3.5M670.9M-4.2M0.677.86N/AN/A96,11864,3381,475,450892,798
2015-09-21$15.75$20.0061.6%17.9%50.5%73.6%61.4%6.5%-0.9%5.0M557.3M-4.2M0.126.25N/AN/A105,44113,0631,346,097810,874
2015-09-22$15.48$19.0062.7%18.4%51.0%76.0%65.1%4.2%-2.7%5.2M558.6M-4.1M0.547.32N/AN/A70,13338,0361,380,967811,417
2015-09-23$14.81$19.0062.8%19.3%53.4%76.3%67.8%4.0%-2.8%3.2M642.6M-4.0M0.235.00N/AN/A77,44517,7361,434,615863,095
2015-09-24$15.32$19.0066.6%20.6%54.6%84.5%71.9%4.1%-3.8%4.8M575.5M-4.4M0.298.43N/AN/A77,21122,5531,439,407864,280
2015-09-25$14.90$19.0065.5%20.5%46.1%81.9%74.8%2.7%-3.5%3.6M626.5M-4.2M0.538.19N/AN/A53,18828,0011,458,549872,976
2015-09-28$14.08$19.0069.0%22.4%49.2%89.6%78.2%2.7%-4.7%2.3M665.9M-3.7M0.357.29N/AN/A64,14422,6541,434,672865,395
2015-09-29$14.38$19.0067.1%21.8%48.2%85.6%76.0%5.4%-2.6%2.9M651.0M-3.8M0.616.17N/AN/A33,59620,5531,439,538870,974
2015-09-30$14.98$19.0066.1%21.7%49.5%83.4%75.0%6.7%-1.2%4.1M594.8M-4.1M0.247.66N/AN/A118,62327,9771,446,856882,071