MU Options History — July 2017

In July 2017, MU traded between $28.23 and $31.98. ATM implied volatility averaged 39.6%, placing in the 26.8% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 0.6% (HV 20d: 39.0%). Max pain ranged from $26.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.41.

Notable Days

  • 2017-07-25: Highest Volume — 228,282 contracts
  • 2017-07-25: Largest IV spike — 9.2% change
  • 2017-07-03: Highest IV Rank — 41.3%
  • 2017-07-03: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.73$28.23$31.98$29.14$28.23
Max Pain$29.60$26.00$30.00$26.00$30.00
ATM IV39.6%35.4%44.6%44.6%41.7%
Expected Move11.4%10.4%12.9%12.9%12.1%
HV 20d39.0%33.8%45.6%42.6%37.5%
HV 60d35.2%33.7%37.2%34.7%37.2%
IV Rank26.8%14.6%41.3%41.3%32.9%
IV Percentile43.3%17.5%72.2%72.2%58.3%
Term Structure0.3%-1.5%1.6%-1.5%-0.5%
VWIV40.5%37.2%45.2%45.2%42.7%
Skew 25d1.4%-0.1%2.8%2.5%2.1%
Skew 10d2.6%-1.0%6.0%1.3%4.2%
Call IV 25d40.2%36.3%44.1%44.1%41.3%
Put IV 25d41.6%36.9%46.7%46.7%43.4%
Bid-Ask Spread %4.162.3112.058.152.74
Gamma HHI0.130.060.280.090.06
Net GEX44.8M11.2M76.2M31.1M11.2M
Net DEX-1.62B-2.31B-502.0M-1.18B-502.0M
Net VEX-6.2M-6.5M-5.9M-6.3M-6.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.210.770.300.51
Total Volume150,117.75107,112228,282175,486193,140
Total OI1,944,549.751,602,7012,146,7131,944,5901,731,871

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-07-03$29.14$26.0044.6%12.9%42.6%41.3%45.2%2.5%-1.5%31.1M-1.18B-6.3M0.308.15N/AN/A135,02740,4591,223,858720,732
2017-07-05$30.43$26.0041.8%11.9%45.6%33.3%41.7%2.8%0.2%47.8M-1.69B-6.2M0.2512.05N/AN/A111,98828,1641,259,786730,983
2017-07-06$30.07$30.0042.9%12.4%43.9%36.3%43.2%2.7%0.3%43.2M-1.53B-6.2M0.363.73N/AN/A79,87428,5771,275,903735,515
2017-07-07$30.13$30.0041.9%11.8%43.9%33.5%41.7%1.1%0.5%48.3M-1.58B-6.2M0.335.04N/AN/A92,41130,7691,311,190745,119
2017-07-10$30.57$30.0039.8%11.4%39.2%27.4%40.3%2.3%-0.0%47.6M-1.73B-6.1M0.472.97N/AN/A85,13539,9331,233,919716,094
2017-07-11$31.32$30.0037.8%11.1%39.8%21.4%38.8%1.6%0.8%55.8M-2.08B-6.1M0.522.41N/AN/A78,94441,3121,257,142735,890
2017-07-12$31.48$30.0036.2%10.7%39.3%16.7%38.4%1.6%1.4%58.6M-2.14B-6.0M0.582.98N/AN/A69,38240,4081,261,246740,565
2017-07-13$31.11$30.0037.9%11.0%39.0%21.9%39.5%1.6%0.5%55.9M-1.95B-6.0M0.542.43N/AN/A86,02646,0881,274,915764,710
2017-07-14$31.84$30.0035.4%10.4%39.3%14.6%37.2%0.6%1.5%76.2M-2.31B-5.9M0.214.50N/AN/A162,52933,8001,284,569777,295
2017-07-17$31.79$30.0037.8%10.9%38.7%21.4%38.8%0.6%0.5%54.8M-2.18B-6.0M0.292.31N/AN/A121,85335,5881,271,327756,232
2017-07-18$31.82$30.0037.2%10.7%36.1%19.7%38.8%-0.1%1.6%59.3M-2.30B-6.1M0.323.43N/AN/A81,33825,7741,330,866766,813
2017-07-19$31.76$30.0039.3%11.3%35.8%25.8%40.9%0.6%0.8%62.3M-2.00B-6.1M0.303.39N/AN/A130,98439,5681,271,420777,955
2017-07-20$31.97$30.0039.4%11.3%33.8%26.3%40.6%0.0%0.5%70.8M-2.12B-6.2M0.263.72N/AN/A124,73232,2071,310,033799,110
2017-07-21$31.98$30.0037.7%10.7%33.8%21.3%39.0%-0.1%0.9%38.2M-2.08B-6.3M0.362.39N/AN/A136,98048,6401,338,017808,696
2017-07-24$31.77$30.0037.7%10.7%33.8%21.2%38.7%0.9%0.4%41.9M-1.43B-6.3M0.502.82N/AN/A72,25036,1471,018,889583,812
2017-07-25$29.83$30.0041.1%11.9%39.8%31.2%42.5%1.4%0.0%20.5M-886.5M-6.3M0.438.30N/AN/A160,17168,1111,046,132610,964
2017-07-26$29.79$30.0039.6%11.5%39.2%26.8%40.9%1.1%-0.2%22.9M-921.8M-6.4M0.413.39N/AN/A89,41836,5441,117,805641,238
2017-07-27$30.19$30.0041.4%11.5%39.2%31.9%40.1%2.5%-0.3%33.5M-1.06B-6.5M0.413.58N/AN/A123,23950,2421,151,733657,957
2017-07-28$29.33$30.0041.3%11.8%40.0%31.7%41.7%2.0%-0.3%16.4M-769.8M-6.4M0.772.84N/AN/A92,99571,6081,176,436674,258
2017-07-31$28.23$30.0041.7%12.1%37.5%32.9%42.7%2.1%-0.5%11.2M-502.0M-6.3M0.512.74N/AN/A127,91665,2241,061,115670,756