MU Options History — March 2017

In March 2017, MU traded between $24.54 and $28.97. ATM implied volatility averaged 40.8%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 9.8% (HV 20d: 31.0%). Max pain ranged from $20.00 to $23.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.36.

Notable Days

  • 2017-03-24: Highest Volume — 524,092 contracts
  • 2017-03-24: Largest IV drop — 23.8% change
  • 2017-03-22: Highest IV Rank — 40.5%
  • 2017-03-23: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.41$24.54$28.97$24.54$28.97
Max Pain$21.02$20.00$23.50$23.50$22.00
ATM IV40.8%32.1%46.3%44.1%32.7%
Expected Move10.9%8.5%13.3%10.0%8.7%
HV 20d31.0%26.3%38.2%30.0%34.0%
HV 60d35.1%27.8%39.5%39.4%30.7%
IV Rank25.8%2.5%40.5%34.7%4.2%
IV Percentile34.9%0.8%64.3%48.8%2.8%
Term Structure-1.3%-3.9%1.4%-1.3%0.7%
VWIV38.5%29.7%47.0%35.5%31.1%
Skew 25d1.0%-0.3%2.1%0.3%1.7%
Skew 10d2.3%-1.4%9.9%9.9%1.7%
Call IV 25d41.4%32.3%47.7%45.5%32.4%
Put IV 25d42.4%33.0%48.4%45.8%34.1%
Bid-Ask Spread %8.163.7120.4113.027.11
Gamma HHI0.150.100.450.150.45
Net GEX34.4M23.1M65.6M26.1M65.6M
Net DEX-1.38B-2.20B-907.8M-907.8M-2.06B
Net VEX-3.9M-4.4M-3.6M-3.6M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.170.640.340.19
Total Volume134,278.43559,703524,092100,518145,505
Total OI1,384,4181,185,0321,600,6821,185,0321,592,389

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-03-01$24.54$23.5044.1%10.0%30.0%34.7%35.5%0.3%-1.3%26.1M-907.8M-3.6M0.3413.02N/AN/A74,76725,751715,381469,651
2017-03-02$24.71$23.5045.2%9.8%28.8%37.5%34.6%0.8%-1.9%29.8M-956.3M-3.7M0.2520.41N/AN/A131,03832,166731,138482,528
2017-03-03$25.54$23.5043.1%8.8%31.1%32.0%31.2%0.8%-1.6%35.7M-1.20B-3.7M0.4115.03N/AN/A86,40835,155775,109498,361
2017-03-06$25.76$20.0041.5%11.3%30.8%27.6%40.1%0.1%-1.2%25.9M-1.12B-3.6M0.534.94N/AN/A56,56329,854728,460477,894
2017-03-07$25.50$20.0041.1%11.3%30.8%26.7%39.8%0.4%-1.2%25.9M-1.07B-3.7M0.503.81N/AN/A39,76119,942749,264489,802
2017-03-08$25.32$20.0042.3%11.5%30.9%29.9%40.4%0.4%-1.3%24.2M-1.02B-3.7M0.554.27N/AN/A39,16221,630758,937494,215
2017-03-09$25.09$20.0045.9%12.0%30.5%39.3%42.3%-0.3%-3.2%23.1M-942.9M-3.8M0.5010.60N/AN/A53,72526,964766,653503,094
2017-03-10$25.14$20.0043.5%11.6%30.3%33.0%41.1%1.1%-3.7%25.7M-980.0M-3.8M0.467.08N/AN/A80,21136,598787,778509,399
2017-03-13$25.63$20.0044.8%11.7%30.1%36.6%41.5%1.2%-3.8%27.9M-1.15B-3.7M0.264.62N/AN/A122,39231,275784,181494,340
2017-03-14$25.58$20.0044.3%11.8%30.0%35.2%41.6%1.6%-3.9%28.2M-1.15B-3.9M0.273.71N/AN/A60,92016,533870,992518,405
2017-03-15$26.08$20.0041.4%11.5%26.3%27.5%41.4%1.8%-2.1%30.9M-1.32B-3.8M0.346.72N/AN/A67,91922,826884,471525,050
2017-03-16$26.04$20.0040.0%11.1%26.3%23.5%40.3%2.0%-1.7%33.6M-1.34B-3.9M0.294.19N/AN/A55,18116,115912,500532,799
2017-03-17$25.84$20.0039.4%10.7%26.5%22.0%38.6%-0.3%-3.7%32.7M-1.29B-3.8M0.285.92N/AN/A62,96217,320930,359534,937
2017-03-20$26.22$20.0040.1%11.4%26.6%23.9%41.0%0.8%1.4%35.1M-1.26B-3.8M0.1710.86N/AN/A138,29322,954860,079434,042
2017-03-21$25.48$20.0046.3%13.2%28.8%40.5%46.7%2.1%-1.1%30.0M-1.09B-4.0M0.2512.42N/AN/A130,46932,477870,610446,737
2017-03-22$26.03$20.0046.3%13.3%29.4%40.5%44.9%1.6%-1.2%35.1M-1.30B-4.2M0.515.94N/AN/A74,73937,837946,266464,637
2017-03-23$26.41$21.0046.1%13.3%28.7%40.0%47.0%2.1%-1.9%38.7M-1.44B-4.4M0.647.03N/AN/A132,80584,915982,550492,736
2017-03-24$28.59$22.0035.1%10.0%38.2%10.7%35.6%0.8%0.7%43.7M-2.20B-4.0M0.3112.57N/AN/A401,205122,8871,038,419562,263
2017-03-27$28.84$22.0036.3%10.3%38.0%13.9%36.4%1.0%-0.3%43.3M-2.02B-4.3M0.379.19N/AN/A141,94352,770998,272515,625
2017-03-28$28.73$22.0034.4%9.5%37.4%8.6%33.6%1.6%0.6%45.2M-2.00B-4.3M0.396.23N/AN/A76,26529,9101,028,040534,809
2017-03-29$28.50$22.0032.1%8.8%35.1%2.5%31.0%1.4%1.0%44.0M-1.91B-4.1M0.334.90N/AN/A70,73723,0961,026,449542,340
2017-03-30$28.93$22.0032.4%8.5%35.2%3.4%29.7%0.5%0.2%40.9M-2.06B-4.0M0.267.05N/AN/A84,61521,8441,030,896548,757
2017-03-31$28.97$22.0032.7%8.7%34.0%4.2%31.1%1.7%0.7%65.6M-2.06B-4.0M0.197.11N/AN/A121,78623,7191,037,511554,878