MU Options History — May 2017

In May 2017, MU traded between $27.13 and $30.78. ATM implied volatility averaged 36.4%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 6.3% (HV 20d: 30.1%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.51.

Notable Days

  • 2017-05-30: Highest Volume — 176,186 contracts
  • 2017-05-17: Largest IV spike — 26.3% change
  • 2017-05-31: Highest IV Rank — 57.8%
  • 2017-05-30: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.62$27.13$30.78$28.30$30.78
Max Pain$27.59$27.00$28.00$27.00$28.00
ATM IV36.4%30.4%52.5%31.9%52.5%
Expected Move9.6%8.4%11.1%9.2%10.9%
HV 20d30.1%26.3%36.2%27.5%32.0%
HV 60d31.4%29.9%33.0%30.8%31.5%
IV Rank15.1%0.0%57.8%2.0%57.8%
IV Percentile24.4%0.0%92.5%1.6%92.5%
Term Structure3.5%-3.2%11.2%2.3%-3.2%
VWIV34.0%29.9%39.6%32.8%38.7%
Skew 25d0.8%-1.9%3.0%1.0%0.4%
Skew 10d3.0%0.3%7.1%2.0%2.0%
Call IV 25d37.0%31.1%53.6%32.7%53.6%
Put IV 25d37.7%31.6%54.0%33.7%54.0%
Bid-Ask Spread %6.022.7313.6012.705.89
Gamma HHI0.170.130.280.130.13
Net GEX33.2M19.9M44.1M34.6M39.6M
Net DEX-1.34B-1.98B-868.0M-1.29B-1.98B
Net VEX-5.0M-5.2M-4.8M-5.0M-5.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.260.910.350.32
Total Volume101,600.18249,844176,186107,524115,879
Total OI1,403,512.8181,279,7551,560,6691,279,7551,560,669

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-05-01$28.30$27.0031.9%9.2%27.5%2.0%32.8%1.0%2.3%34.6M-1.29B-5.0M0.3512.70N/AN/A79,69927,825841,628438,127
2017-05-02$27.76$27.0033.2%9.5%27.9%5.5%34.1%1.0%1.1%33.3M-1.13B-5.1M0.569.80N/AN/A52,28929,194866,919451,258
2017-05-03$27.96$27.0034.8%10.1%28.1%9.9%36.7%0.8%0.1%36.9M-1.20B-5.1M0.6812.16N/AN/A29,68320,161887,721462,454
2017-05-04$27.80$27.0034.3%9.7%28.0%8.5%35.7%0.5%0.4%35.0M-1.14B-5.1M0.594.93N/AN/A57,23333,832892,748469,061
2017-05-05$28.10$27.0030.9%9.0%28.1%0.0%31.9%0.5%0.9%40.5M-1.22B-5.0M0.673.41N/AN/A43,95029,296897,767487,863
2017-05-08$27.99$27.0032.5%9.5%28.1%4.3%33.7%0.3%0.7%29.2M-1.17B-5.1M0.423.42N/AN/A82,25334,347880,565474,318
2017-05-09$28.67$27.0032.5%9.4%27.4%4.2%33.1%0.9%0.3%37.1M-1.41B-5.1M0.423.67N/AN/A82,71134,708905,116488,610
2017-05-10$29.28$27.0031.5%9.1%26.8%1.6%32.2%0.6%0.1%41.1M-1.59B-4.9M0.656.08N/AN/A68,66844,522916,467496,865
2017-05-11$29.00$27.0031.5%9.1%26.3%1.7%32.4%1.1%0.6%41.3M-1.48B-5.0M0.663.06N/AN/A49,69332,770913,337510,259
2017-05-12$28.86$28.0031.2%9.1%26.4%0.7%32.2%0.7%0.8%44.1M-1.42B-5.0M0.365.23N/AN/A48,84017,771914,069516,088
2017-05-15$28.81$28.0030.7%8.9%26.5%0.0%31.6%0.8%10.4%36.0M-1.39B-4.8M0.742.73N/AN/A40,06529,701890,166498,453
2017-05-16$28.99$28.0030.4%8.8%26.5%0.0%31.0%0.5%11.2%36.2M-1.44B-4.8M0.473.95N/AN/A49,29623,294895,358513,495
2017-05-17$27.13$28.0038.4%11.0%36.2%21.0%38.4%2.8%8.2%19.9M-868.0M-5.0M0.527.93N/AN/A106,66555,518906,565520,201
2017-05-18$27.50$28.0038.8%10.6%35.0%22.0%36.7%3.0%9.7%22.8M-975.6M-5.1M0.473.10N/AN/A67,71131,904952,238549,085
2017-05-19$27.77$28.0037.1%9.5%34.3%17.5%33.6%1.7%10.5%22.2M-1.05B-5.1M0.622.84N/AN/A51,49231,850959,318547,581
2017-05-22$27.90$28.0042.2%9.5%32.6%30.8%34.2%0.4%0.1%22.8M-1.10B-5.0M0.607.90N/AN/A51,95631,179828,123488,219
2017-05-23$28.20$28.0038.5%9.2%32.6%21.2%32.4%0.8%5.8%25.9M-1.19B-5.0M0.913.78N/AN/A39,40635,911846,222495,739
2017-05-24$28.98$28.0037.6%8.4%33.6%18.9%29.9%-0.1%7.5%30.1M-1.42B-5.0M0.443.49N/AN/A69,60230,611865,972515,405
2017-05-25$29.50$28.0038.5%8.8%32.5%21.2%31.5%-1.9%9.3%33.3M-1.58B-4.9M0.305.71N/AN/A108,16532,432882,891523,792
2017-05-26$29.69$28.0042.8%10.0%32.5%32.5%36.5%0.7%4.0%32.2M-1.64B-5.1M0.2613.60N/AN/A124,35232,584920,914534,250
2017-05-30$30.61$28.0050.0%11.1%33.2%51.3%39.6%0.5%-2.7%36.7M-1.86B-5.1M0.297.03N/AN/A136,09540,091949,019522,367
2017-05-31$30.78$28.0052.5%10.9%32.0%57.8%38.7%0.4%-3.2%39.6M-1.98B-5.2M0.325.89N/AN/A87,54528,3341,012,367548,302