MU Options History — April 2017

In April 2017, MU traded between $26.61 and $28.59. ATM implied volatility averaged 35.6%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 2.9% (HV 20d: 32.7%). Max pain ranged from $22.00 to $28.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.42.

Notable Days

2017-04-11: Highest Volume — 148,949 contracts
2017-04-25: Largest IV drop — 10.5% change
2017-04-24: Highest IV Rank — 23.2%
2017-04-24: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.52	$26.61	$28.59	$28.59	$27.65
Max Pain	$26.42	$22.00	$28.00	$22.00	$27.00
ATM IV	35.6%	31.1%	39.8%	33.3%	33.7%
Expected Move	10.1%	8.4%	11.3%	8.7%	9.5%
HV 20d	32.7%	23.5%	36.9%	34.7%	25.9%
HV 60d	30.6%	29.8%	31.3%	30.8%	30.5%
IV Rank	11.8%	0.0%	23.2%	5.7%	7.0%
IV Percentile	13.5%	0.0%	33.7%	4.4%	6.7%
Term Structure	0.5%	-1.0%	1.7%	0.8%	0.2%
VWIV	35.6%	30.0%	40.4%	30.6%	33.7%
Skew 25d	1.7%	0.0%	3.6%	1.2%	0.9%
Skew 10d	3.2%	-0.9%	5.7%	4.7%	2.8%
Call IV 25d	35.8%	30.9%	39.9%	33.8%	34.5%
Put IV 25d	37.5%	32.9%	41.9%	35.1%	35.3%
Bid-Ask Spread %	6.67	3.99	10.64	6.11	10.35
Gamma HHI	0.13	0.09	0.30	0.12	0.16
Net GEX	28.7M	19.4M	43.5M	28.6M	39.3M
Net DEX	-1.33B	-1.65B	-840.6M	-1.65B	-1.14B
Net VEX	-4.6M	-5.1M	-4.2M	-4.2M	-5.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.25	0.66	0.42	0.33
Total Volume	93,568.842	28,013	148,949	118,102	103,507
Total OI	1,465,540.316	1,155,905	1,645,951	1,417,215	1,327,104

Daily Data (19 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
2017-04-03	$28.59	$22.00	33.3%	8.7%	34.7%	5.7%	30.6%	1.2%	0.8%	28.6M	-1.65B	-4.2M	0.42	6.11	N/A	N/A	83,448	34,654	893,403	523,812
2017-04-04	$28.52	$22.00	33.2%	8.7%	34.3%	5.5%	30.9%	1.3%	0.7%	31.3M	-1.62B	-4.4M	0.44	9.98	N/A	N/A	43,423	19,143	926,146	544,549
2017-04-05	$28.33	$22.00	31.2%	8.4%	34.3%	0.2%	30.0%	2.8%	1.0%	30.0M	-1.59B	-4.3M	0.37	9.81	N/A	N/A	48,868	18,044	936,096	548,155
2017-04-06	$28.58	$27.00	31.1%	9.3%	33.9%	0.0%	32.8%	1.9%	1.1%	34.0M	-1.65B	-4.3M	0.25	5.98	N/A	N/A	72,594	18,105	936,426	551,950
2017-04-07	$28.50	$27.00	32.7%	9.6%	34.0%	4.2%	33.2%	2.2%	0.7%	43.5M	-1.65B	-4.3M	0.58	4.10	N/A	N/A	38,794	22,328	961,575	555,277
2017-04-10	$27.68	$28.00	34.8%	10.2%	35.8%	9.9%	36.0%	3.2%	1.1%	27.1M	-1.40B	-4.4M	0.34	9.87	N/A	N/A	86,083	28,834	923,741	543,210
2017-04-11	$27.11	$28.00	38.2%	10.9%	36.8%	19.0%	38.0%	2.3%	-0.1%	24.3M	-1.28B	-4.6M	0.48	5.33	N/A	N/A	100,667	48,282	964,681	558,451
2017-04-12	$26.67	$28.00	39.5%	10.9%	36.9%	22.3%	38.5%	3.6%	-0.8%	22.6M	-1.18B	-4.7M	0.45	5.02	N/A	N/A	45,904	20,860	1,004,515	584,835
2017-04-13	$26.79	$28.00	36.6%	10.4%	36.9%	14.7%	36.5%	2.3%	-0.4%	23.1M	-1.21B	-4.6M	0.51	6.60	N/A	N/A	64,893	32,861	1,011,354	588,971
2017-04-17	$26.94	$27.00	37.5%	10.7%	36.8%	17.2%	39.1%	2.1%	0.5%	23.3M	-1.29B	-4.5M	0.66	4.51	N/A	N/A	16,884	11,129	982,434	579,285
2017-04-18	$27.16	$27.00	37.9%	10.8%	36.6%	18.0%	37.8%	1.4%	1.1%	24.0M	-1.37B	-4.5M	0.36	3.99	N/A	N/A	54,030	19,427	996,643	587,058
2017-04-19	$27.20	$27.00	36.1%	10.4%	34.8%	13.4%	36.7%	1.3%	1.7%	24.4M	-1.39B	-4.6M	0.48	4.04	N/A	N/A	40,604	19,361	1,011,962	592,036
2017-04-20	$27.98	$27.00	35.3%	10.1%	35.3%	11.1%	35.7%	1.3%	1.3%	38.2M	-1.63B	-4.6M	0.26	4.24	N/A	N/A	99,552	25,568	1,022,368	599,936
2017-04-21	$27.36	$27.00	36.9%	10.7%	36.2%	15.4%	37.4%	1.6%	-1.0%	22.0M	-1.44B	-4.7M	0.37	6.99	N/A	N/A	101,856	38,076	1,037,733	608,218
2017-04-24	$26.61	$27.00	39.8%	11.3%	23.5%	23.2%	40.4%	2.0%	0.1%	19.4M	-840.6M	-4.9M	0.29	8.46	N/A	N/A	104,828	30,256	771,222	384,683
2017-04-25	$26.87	$27.00	35.6%	10.2%	23.6%	12.0%	36.4%	0.6%	1.4%	26.0M	-913.4M	-4.9M	0.44	6.35	N/A	N/A	53,031	23,074	825,000	406,670
2017-04-26	$26.72	$27.00	36.4%	10.1%	23.6%	13.9%	36.0%	0.9%	0.4%	25.7M	-879.0M	-4.9M	0.49	4.30	N/A	N/A	51,892	25,617	846,510	416,154
2017-04-27	$27.57	$27.00	35.7%	10.5%	26.6%	12.3%	36.4%	0.0%	0.3%	38.1M	-1.12B	-5.1M	0.46	10.64	N/A	N/A	89,678	41,653	864,724	428,379
2017-04-28	$27.65	$27.00	33.7%	9.5%	25.9%	7.0%	33.7%	0.9%	0.2%	39.3M	-1.14B	-5.1M	0.33	10.35	N/A	N/A	77,639	25,868	876,858	450,246