MU Options History — May 2016

In May 2016, MU traded between $9.57 and $12.76. ATM implied volatility averaged 53.1%, placing in the 43.1% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded below realized volatility by 0.2% (HV 20d: 53.2%). Max pain ranged from $10.00 to $11.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2016-05-20: Highest Volume — 197,907 contracts
  • 2016-05-12: Largest IV spike — 7.8% change
  • 2016-05-05: Highest IV Rank — 50.9%
  • 2016-05-05: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.56$9.57$12.76$10.62$12.76
Max Pain$10.57$10.00$11.00$11.00$11.00
ATM IV53.1%49.6%56.5%52.8%53.8%
Expected Move14.7%12.1%16.7%15.2%12.5%
HV 20d53.2%43.1%58.8%57.9%43.5%
HV 60d52.1%49.7%55.5%55.4%52.0%
IV Rank43.1%32.0%50.9%44.6%40.3%
IV Percentile54.2%35.7%65.1%57.9%55.6%
Term Structure2.4%-2.6%8.6%-0.2%-2.6%
VWIV51.9%41.9%58.0%52.9%44.0%
Skew 25d4.1%1.3%6.4%5.7%3.3%
Skew 10d9.5%2.6%18.1%14.5%7.9%
Call IV 25d52.0%48.2%56.7%50.6%51.6%
Put IV 25d56.1%51.5%59.2%56.3%54.9%
Bid-Ask Spread %11.587.0826.737.2213.16
Gamma HHI0.140.110.210.120.17
Net GEX2.0M-1.7M9.1M1.6M9.1M
Net DEX42.6M-291.2M166.4M113.2M-291.2M
Net VEX-2.4M-3.2M-2.1M-2.2M-3.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.161.390.480.19
Total Volume74,765.71434,028197,90736,965169,076
Total OI1,413,272.0481,275,3731,518,9991,275,3731,493,779

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-05-02$10.62$11.0052.8%15.2%57.9%44.6%52.9%5.7%-0.2%1.6M113.2M-2.2M0.487.22N/AN/A24,92612,039737,238538,135
2016-05-03$10.33$11.0052.9%15.2%57.4%44.7%53.6%6.4%0.1%797.4K140.7M-2.1M0.649.86N/AN/A20,69513,333745,422542,923
2016-05-04$10.01$11.0055.8%16.6%58.4%49.5%57.8%5.7%0.2%43.5K156.9M-2.1M0.3117.72N/AN/A70,36121,653756,133549,419
2016-05-05$10.01$11.0056.5%16.7%58.4%50.9%58.0%4.5%1.0%192.8K142.7M-2.2M0.307.49N/AN/A39,64111,917801,868559,319
2016-05-06$9.99$11.0054.2%16.0%57.7%46.8%55.8%3.5%1.8%-1.7M150.0M-2.2M0.607.86N/AN/A26,07315,625812,289560,915
2016-05-09$9.91$11.0053.9%16.1%57.2%46.2%56.0%4.0%2.3%-192.8K153.2M-2.1M0.947.92N/AN/A33,05531,017784,404553,910
2016-05-10$10.10$11.0053.2%15.4%56.9%44.9%53.0%4.4%0.0%492.5K137.2M-2.2M1.397.08N/AN/A21,16029,474803,964566,678
2016-05-11$10.09$11.0050.7%15.2%51.3%40.5%52.1%3.8%2.3%567.5K135.4M-2.2M0.478.89N/AN/A29,52213,852811,770569,761
2016-05-12$9.62$11.0054.7%15.4%52.0%47.6%55.9%4.4%-1.6%-869.4K166.4M-2.1M0.3113.67N/AN/A74,95623,537825,302570,578
2016-05-13$9.57$10.0055.3%15.7%50.5%48.7%55.7%5.7%-0.5%-785.6K154.4M-2.2M0.6015.67N/AN/A25,48215,259872,291573,771
2016-05-16$9.64$10.0053.8%15.4%49.8%46.1%54.7%4.6%7.0%-863.2K148.5M-2.2M0.367.60N/AN/A40,03114,341858,237563,790
2016-05-17$9.60$10.0053.8%15.4%49.5%46.0%56.5%4.8%4.6%-522.5K141.6M-2.2M0.538.56N/AN/A26,19313,838876,893563,889
2016-05-18$10.02$10.0052.4%15.0%52.3%43.5%52.4%5.7%3.6%17.5K104.3M-2.3M0.2718.29N/AN/A64,97917,544879,263562,965
2016-05-19$10.09$10.0053.8%15.1%52.4%45.6%55.0%3.4%6.6%-332.4K76.4M-2.4M0.988.97N/AN/A33,46832,780914,487566,851
2016-05-20$10.79$10.0050.9%13.9%58.0%39.7%51.4%4.9%8.6%3.3M-8.1M-2.6M0.618.54N/AN/A122,64475,263936,844582,155
2016-05-23$11.13$10.0053.6%13.7%58.8%44.6%47.7%1.4%1.7%4.7M-52.6M-2.7M0.358.10N/AN/A51,89818,247873,399538,093
2016-05-24$11.49$10.0052.4%13.2%50.4%37.6%46.0%2.5%2.8%6.2M-99.1M-2.8M0.1613.60N/AN/A75,21412,377891,236545,581
2016-05-25$11.64$10.0049.6%12.9%50.7%32.0%45.5%3.2%4.1%7.3M-143.8M-2.9M0.827.91N/AN/A36,57429,929933,911548,826
2016-05-26$11.95$11.0049.9%12.7%51.4%32.7%44.8%2.2%4.8%6.3M-180.2M-3.0M0.6418.38N/AN/A36,58223,477933,029566,718
2016-05-27$12.33$11.0050.2%12.1%43.1%33.2%41.9%1.3%3.4%7.7M-251.5M-3.2M0.1926.73N/AN/A102,81219,236943,315569,362
2016-05-31$12.76$11.0053.8%12.5%43.5%40.3%44.0%3.3%-2.6%9.1M-291.2M-3.2M0.1913.16N/AN/A142,34826,728939,139554,640