MU Options History — June 2016

In June 2016, MU traded between $11.92 and $14.09. ATM implied volatility averaged 55.6%, placing in the 44.1% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 11.4% (HV 20d: 44.2%). Max pain ranged from $11.00 to $11.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.52.

Notable Days

2016-06-30: Highest Volume — 198,371 contracts
2016-06-27: Largest IV spike — 14.1% change
2016-06-27: Highest IV Rank — 69.8%
2016-06-27: Largest Expected Move — 22.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.71	$11.92	$14.09	$13.04	$13.68
Max Pain	$11.00	$11.00	$11.00	$11.00	$11.00
ATM IV	55.6%	52.1%	68.6%	53.1%	53.2%
Expected Move	16.1%	12.2%	22.2%	12.2%	16.7%
HV 20d	44.2%	32.3%	64.2%	41.4%	64.2%
HV 60d	49.4%	45.5%	55.0%	51.9%	54.9%
IV Rank	44.1%	37.1%	69.8%	39.0%	39.3%
IV Percentile	59.7%	44.4%	96.4%	53.2%	48.4%
Term Structure	-1.1%	-4.6%	5.2%	-1.4%	-0.4%
VWIV	56.2%	43.1%	75.6%	43.1%	58.3%
Skew 25d	6.2%	3.2%	9.5%	4.2%	5.7%
Skew 10d	11.0%	-2.4%	18.4%	13.0%	12.9%
Call IV 25d	52.9%	49.1%	62.4%	51.7%	50.6%
Put IV 25d	59.1%	54.4%	70.7%	55.9%	56.3%
Bid-Ask Spread %	10.93	7.18	18.61	15.05	14.65
Gamma HHI	0.15	0.10	0.28	0.17	0.13
Net GEX	8.5M	5.9M	10.8M	10.1M	10.8M
Net DEX	-266.6M	-481.8M	-132.6M	-359.0M	-440.9M
Net VEX	-3.3M	-3.6M	-3.1M	-3.4M	-3.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.18	0.92	0.69	0.50
Total Volume	76,718.682	29,340	198,371	52,836	198,371
Total OI	1,602,179.045	1,531,296	1,698,888	1,531,296	1,698,888

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2016-06-01	$13.04	$11.00	53.1%	12.2%	41.4%	39.0%	43.1%	4.2%	-1.4%	10.1M	-359.0M	-3.4M	0.69	15.05	N/A	N/A	31,248	21,588	972,606	558,690
2016-06-02	$13.12	$11.00	52.9%	14.5%	38.2%	38.6%	53.0%	4.2%	-2.2%	10.5M	-375.4M	-3.4M	0.30	8.55	N/A	N/A	141,339	42,543	981,446	565,543
2016-06-03	$12.90	$11.00	52.2%	14.5%	39.5%	37.2%	50.8%	4.7%	0.2%	8.4M	-315.2M	-3.4M	0.66	9.16	N/A	N/A	40,550	26,761	977,286	592,146
2016-06-06	$12.78	$11.00	52.4%	14.5%	39.9%	37.6%	50.8%	5.2%	-1.0%	8.3M	-282.2M	-3.4M	0.83	7.60	N/A	N/A	20,740	17,142	962,980	588,524
2016-06-07	$13.01	$11.00	52.1%	14.4%	39.2%	37.1%	50.2%	3.2%	-1.7%	8.6M	-322.4M	-3.4M	0.80	15.35	N/A	N/A	26,436	21,188	967,828	593,505
2016-06-08	$12.60	$11.00	54.6%	14.5%	42.4%	41.9%	50.8%	5.7%	-4.6%	8.1M	-240.1M	-3.3M	0.35	7.18	N/A	N/A	55,534	19,233	974,820	602,139
2016-06-09	$12.54	$11.00	54.1%	14.9%	42.5%	40.9%	51.7%	5.1%	-1.9%	8.7M	-254.2M	-3.4M	0.59	8.74	N/A	N/A	34,368	20,201	1,009,804	603,456
2016-06-10	$12.12	$11.00	55.6%	15.6%	40.2%	44.0%	53.4%	6.8%	-1.3%	7.9M	-179.5M	-3.4M	0.58	9.79	N/A	N/A	38,968	22,751	1,022,701	608,240
2016-06-13	$12.04	$11.00	56.2%	16.0%	40.3%	45.2%	55.2%	7.4%	5.2%	8.0M	-161.2M	-3.3M	0.46	7.80	N/A	N/A	23,167	10,573	1,015,062	605,611
2016-06-14	$11.92	$11.00	58.1%	16.6%	41.0%	49.0%	56.2%	8.3%	-0.5%	8.0M	-132.6M	-3.2M	0.18	10.46	N/A	N/A	53,887	9,654	1,023,202	607,543
2016-06-15	$12.02	$11.00	55.7%	16.0%	40.7%	44.3%	54.4%	6.8%	-0.7%	9.7M	-158.7M	-3.2M	0.22	15.10	N/A	N/A	28,175	6,334	1,035,254	608,254
2016-06-16	$11.95	$11.00	56.6%	16.3%	39.3%	45.9%	56.2%	6.1%	-0.9%	10.3M	-142.4M	-3.1M	0.33	8.04	N/A	N/A	22,096	7,244	1,030,120	609,300
2016-06-17	$12.18	$11.00	56.0%	16.1%	39.5%	44.7%	56.9%	6.3%	-0.7%	6.6M	-199.0M	-3.2M	0.55	7.71	N/A	N/A	29,397	16,060	1,038,068	610,396
2016-06-20	$12.31	$11.00	52.3%	15.2%	33.1%	37.4%	55.4%	8.2%	-0.5%	7.2M	-167.2M	-3.2M	0.92	11.29	N/A	N/A	24,315	22,468	958,937	577,705
2016-06-21	$12.75	$11.00	53.5%	15.8%	33.5%	39.9%	53.3%	5.5%	-0.6%	8.0M	-246.2M	-3.3M	0.84	7.63	N/A	N/A	30,279	25,331	963,351	586,747
2016-06-22	$12.72	$11.00	55.6%	17.1%	32.3%	44.1%	59.4%	7.3%	-1.5%	7.9M	-235.2M	-3.3M	0.34	10.20	N/A	N/A	43,224	14,594	966,832	585,423
2016-06-23	$14.09	$11.00	53.8%	16.5%	47.3%	40.4%	58.5%	5.6%	-2.0%	7.7M	-481.8M	-3.5M	0.20	18.61	N/A	N/A	161,522	32,584	973,576	588,319
2016-06-24	$13.40	$11.00	60.1%	18.4%	51.3%	53.0%	64.4%	9.5%	-2.1%	8.1M	-390.9M	-3.6M	0.71	15.14	N/A	N/A	56,160	39,947	1,033,900	603,667
2016-06-27	$12.24	$11.00	68.6%	22.2%	60.6%	69.8%	75.6%	8.3%	-3.0%	5.9M	-155.3M	-3.2M	0.49	16.38	N/A	N/A	67,164	33,016	1,012,353	598,839
2016-06-28	$12.99	$11.00	61.1%	18.8%	63.2%	55.0%	66.3%	6.7%	-1.5%	8.1M	-294.3M	-3.4M	0.38	8.81	N/A	N/A	59,052	22,717	1,037,829	613,602
2016-06-29	$13.18	$11.00	56.4%	17.6%	62.9%	45.6%	61.6%	5.7%	-1.6%	9.4M	-331.0M	-3.4M	0.45	7.20	N/A	N/A	48,179	21,711	1,058,378	625,069
2016-06-30	$13.68	$11.00	53.2%	16.7%	64.2%	39.3%	58.3%	5.7%	-0.4%	10.8M	-440.9M	-3.5M	0.50	14.65	N/A	N/A	132,640	65,731	1,066,815	632,073