MU Options History — December 2015

In December 2015, MU traded between $13.64 and $16.55. ATM implied volatility averaged 51.7%, placing in the 52.1% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 11.5% (HV 20d: 40.2%). Max pain ranged from $17.00 to $20.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2015-12-23: Highest Volume — 100,371 contracts
  • 2015-12-23: Largest IV drop — 15.2% change
  • 2015-12-14: Highest IV Rank — 76.8%
  • 2015-12-14: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.61$13.64$16.55$16.55$14.20
Max Pain$19.75$17.00$20.00$17.50$20.00
ATM IV51.7%39.5%63.1%50.5%40.0%
Expected Move14.2%10.9%17.7%12.1%11.1%
HV 20d40.2%35.3%43.3%43.2%35.3%
HV 60d54.6%45.7%57.0%56.1%45.7%
IV Rank52.1%25.5%76.8%49.4%26.4%
IV Percentile73.6%42.1%93.7%77.0%42.9%
Term Structure-1.7%-4.7%1.0%-2.0%-0.4%
VWIV49.5%38.3%61.9%42.1%39.2%
Skew 25d2.7%0.3%5.4%3.5%2.6%
Skew 10d6.3%-9.9%19.3%16.8%12.4%
Call IV 25d50.9%38.6%62.1%49.7%38.6%
Put IV 25d53.6%41.1%64.1%53.2%41.3%
Bid-Ask Spread %8.514.5715.7115.097.03
Gamma HHI0.170.120.380.150.20
Net GEX-738.7K-8.8M4.4M4.1M-2.6M
Net DEX493.6M336.6M587.0M336.6M458.9M
Net VEX-3.1M-4.0M-2.7M-4.0M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.251.700.841.49
Total Volume56,408.04536,647100,37157,76548,632
Total OI2,095,449.7272,020,2502,146,1332,092,0202,062,953

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-12-01$16.55$17.5050.5%12.1%43.2%49.4%42.1%3.5%-2.0%4.1M336.6M-4.0M0.8415.09N/AN/A31,40026,3651,288,791803,229
2015-12-02$15.82$17.0052.7%12.3%41.6%54.1%43.2%3.4%-2.1%2.5M445.4M-3.7M0.6211.94N/AN/A24,57415,2571,301,503808,351
2015-12-03$15.59$20.0054.3%14.2%40.7%57.5%49.5%4.4%-2.6%1.4M458.8M-3.7M0.706.82N/AN/A24,98417,5481,306,676800,085
2015-12-04$15.50$20.0053.1%14.2%36.7%55.2%48.6%3.9%-2.5%-267.7K491.0M-3.6M0.634.97N/AN/A26,21816,4361,310,522812,719
2015-12-07$14.85$20.0056.2%14.9%39.3%61.7%51.6%2.3%-3.9%-1.4M543.2M-3.3M0.395.60N/AN/A33,87513,0741,301,418795,695
2015-12-08$14.65$20.0056.8%15.3%37.5%63.0%54.0%2.9%-2.8%-1.8M559.5M-3.2M0.644.57N/AN/A25,22016,1451,311,816799,740
2015-12-09$14.32$20.0058.4%16.1%37.7%66.6%55.3%0.8%-1.9%-2.1M578.5M-3.1M0.535.33N/AN/A30,90916,3191,318,032798,776
2015-12-10$14.64$20.0057.2%15.8%38.3%64.0%55.5%0.3%-2.5%-1.8M547.1M-3.2M0.565.43N/AN/A23,43713,2101,326,032801,994
2015-12-11$14.02$20.0061.7%17.2%40.2%73.7%59.3%1.8%-1.9%-8.8M587.0M-3.0M0.255.59N/AN/A78,19619,7201,330,269798,225
2015-12-14$13.64$20.0063.1%17.7%40.5%76.8%61.9%2.7%-0.8%-1.6M543.1M-2.9M0.797.11N/AN/A37,69129,7521,361,553751,969
2015-12-15$14.18$20.0060.9%17.4%43.3%71.9%58.8%3.3%-4.7%-1.6M528.8M-3.0M0.557.96N/AN/A37,99121,0341,347,475770,338
2015-12-16$14.08$20.0058.2%16.7%41.8%66.2%58.7%2.9%-3.5%-1.7M536.1M-3.0M0.4615.71N/AN/A33,27715,2041,359,911768,446
2015-12-17$14.29$20.0054.4%15.7%41.4%57.9%55.1%3.0%-3.1%-1.5M501.1M-3.0M0.477.96N/AN/A50,02523,5421,365,602754,737
2015-12-18$14.34$20.0055.1%15.9%40.8%59.5%53.8%3.6%-1.4%-145.8K511.3M-3.0M0.606.08N/AN/A31,14318,7681,377,243768,890
2015-12-21$14.75$20.0052.0%15.0%41.3%52.7%52.1%1.4%-1.8%410.4K431.1M-3.0M0.659.59N/AN/A44,95729,0671,305,481714,769
2015-12-22$14.59$20.0050.0%14.9%41.4%48.4%52.3%2.1%-1.0%643.6K443.4M-3.0M0.6412.49N/AN/A41,34626,2981,325,337720,742
2015-12-23$14.27$20.0042.4%10.9%41.1%31.9%39.1%0.7%-0.1%-863.4K505.4M-2.7M1.0514.89N/AN/A48,99351,3781,341,015727,442
2015-12-24$14.48$20.0040.6%10.9%41.7%27.8%38.3%1.3%0.0%4.4M462.4M-2.8M1.708.27N/AN/A21,43136,3511,350,871744,883
2015-12-28$14.20$20.0040.8%11.4%42.0%28.2%40.5%2.1%0.5%-1.3M491.0M-2.7M1.469.60N/AN/A21,83331,7821,316,075738,079
2015-12-29$14.35$20.0039.5%11.3%41.1%25.5%40.0%4.3%1.0%-517.6K437.3M-2.7M1.587.99N/AN/A19,52130,8691,323,361729,113
2015-12-30$14.16$20.0040.2%11.3%37.8%26.9%39.4%5.4%0.5%-1.7M462.3M-2.7M0.587.09N/AN/A23,50513,7001,329,306730,430
2015-12-31$14.20$20.0040.0%11.1%35.3%26.4%39.2%2.6%-0.4%-2.6M458.9M-2.7M1.497.03N/AN/A19,54729,0851,331,447731,506