MU Options History — November 2015

In November 2015, MU traded between $14.89 and $17.95. ATM implied volatility averaged 51.1%, placing in the 50.8% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 2.1% (HV 20d: 53.2%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.76.

Notable Days

  • 2015-11-20: Highest Volume — 135,722 contracts
  • 2015-11-05: Largest IV spike — 13.8% change
  • 2015-11-24: Highest IV Rank — 58.9%
  • 2015-11-13: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.91$14.89$17.95$17.11$15.93
Max Pain$18.43$18.00$19.00$19.00$18.00
ATM IV51.1%45.0%54.9%48.3%53.9%
Expected Move13.9%12.2%15.3%13.1%12.2%
HV 20d53.2%42.2%61.6%57.9%42.3%
HV 60d59.2%55.6%62.0%61.0%55.6%
IV Rank50.8%37.3%58.9%44.6%56.7%
IV Percentile80.7%68.7%86.9%73.4%84.9%
Term Structure0.5%-5.3%8.0%1.2%-4.0%
VWIV49.0%43.3%53.8%46.3%43.5%
Skew 25d3.0%0.2%7.2%3.7%2.3%
Skew 10d5.7%-10.6%21.3%16.7%18.2%
Call IV 25d50.5%43.6%54.3%47.4%52.2%
Put IV 25d53.5%47.6%58.1%51.1%54.4%
Bid-Ask Spread %11.896.5119.958.2612.15
Gamma HHI0.140.120.240.140.15
Net GEX1.9M-3.7M6.5M3.4M2.0M
Net DEX546.0M280.7M672.7M430.0M442.7M
Net VEX-4.2M-5.1M-3.8M-4.6M-3.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.271.730.790.27
Total Volume66,602.2521,225135,72299,51874,862
Total OI2,217,990.852,075,3062,338,8282,111,1122,075,306

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-11-02$17.11$19.0048.3%13.1%57.9%44.6%46.3%3.7%1.2%3.4M430.0M-4.6M0.798.26N/AN/A55,75043,7681,261,545849,567
2015-11-03$17.95$19.0045.0%13.6%58.8%37.3%47.8%6.6%-0.4%6.5M280.7M-5.1M0.6810.26N/AN/A42,99529,3271,284,724867,134
2015-11-04$17.41$18.5046.0%13.5%59.2%39.7%47.9%1.8%0.1%4.6M369.6M-4.9M0.8010.57N/AN/A32,61926,1601,298,427878,523
2015-11-05$16.51$19.0052.4%14.6%61.6%53.5%51.5%5.5%-0.0%1.5M504.0M-4.6M1.7319.61N/AN/A35,10460,7201,314,938890,730
2015-11-06$16.45$19.0049.3%14.4%60.1%46.9%50.0%3.3%1.1%-1.7M556.9M-4.5M0.8417.90N/AN/A22,26718,6051,324,077923,348
2015-11-09$15.84$19.0050.3%14.9%61.2%48.9%52.4%3.5%1.4%-165.4K616.8M-4.1M0.4014.31N/AN/A32,16712,8591,304,837906,470
2015-11-10$15.53$19.0052.3%14.8%61.1%53.4%51.9%3.0%-0.1%-252.5K635.0M-4.1M0.427.42N/AN/A66,55328,0171,315,998908,295
2015-11-11$15.75$19.0050.1%14.9%59.5%48.5%53.3%4.5%1.3%-123.3K596.9M-4.2M0.4417.82N/AN/A57,89725,2311,338,391903,096
2015-11-12$15.36$19.0050.6%14.7%59.8%49.6%51.5%1.8%0.9%-500.3K641.1M-4.1M0.817.92N/AN/A21,79117,6461,380,091911,827
2015-11-13$15.03$18.0053.1%15.3%59.9%55.1%53.8%7.2%1.3%-3.7M672.7M-3.9M1.3512.12N/AN/A31,02442,0031,373,410911,872
2015-11-16$14.89$18.0052.1%14.9%57.5%52.8%53.0%2.1%2.7%740.5K652.5M-3.8M0.659.94N/AN/A32,32220,8801,364,679889,454
2015-11-17$15.32$18.0052.3%15.0%49.6%53.3%52.5%1.1%2.4%1.6M610.3M-4.0M0.5912.10N/AN/A64,20837,6001,375,659902,487
2015-11-18$15.64$18.0050.4%14.4%46.9%49.1%50.6%0.6%3.7%3.1M562.9M-4.1M1.137.58N/AN/A27,50631,1941,393,157913,375
2015-11-19$15.88$18.0051.1%14.5%46.7%50.8%50.9%1.3%2.7%3.6M540.8M-4.3M0.429.69N/AN/A52,27822,0961,404,611927,345
2015-11-20$15.41$18.0050.4%13.5%46.0%49.2%47.3%1.3%8.0%2.0M631.1M-3.9M0.9419.95N/AN/A69,87265,8501,413,169925,659
2015-11-23$15.32$18.0051.4%12.5%44.3%51.3%45.0%0.2%-1.0%881.0K576.4M-3.8M0.4912.70N/AN/A37,93518,6861,279,631852,107
2015-11-24$15.63$18.0054.9%12.7%45.0%58.9%44.2%2.7%-5.3%3.4M531.9M-3.9M0.437.20N/AN/A14,8046,4211,299,612862,123
2015-11-25$15.58$18.0054.6%12.3%44.5%58.3%43.3%2.8%-3.4%3.9M520.7M-3.9M1.0313.72N/AN/A14,05414,4431,309,877851,098
2015-11-27$15.56$18.0054.1%12.4%42.2%57.1%43.3%4.4%-1.9%6.2M547.0M-3.8M0.976.51N/AN/A12,45512,0761,310,210862,958
2015-11-30$15.93$18.0053.9%12.2%42.3%56.7%43.5%2.3%-4.0%2.0M442.7M-3.8M0.2712.15N/AN/A59,12715,7351,270,892804,414