MU Options History — August 2017

In August 2017, MU traded between $27.56 and $31.95. ATM implied volatility averaged 40.1%, placing in the 28.2% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 2.2% (HV 20d: 37.9%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.48.

Notable Days

  • 2017-08-16: Highest Volume — 250,966 contracts
  • 2017-08-29: Largest IV spike — 15.9% change
  • 2017-08-30: Highest IV Rank — 44.5%
  • 2017-08-10: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.61$27.56$31.95$28.28$31.95
Max Pain$29.22$28.00$30.00$30.00$30.00
ATM IV40.1%36.5%45.7%38.7%45.5%
Expected Move11.0%9.8%12.0%11.3%10.0%
HV 20d37.9%32.9%45.1%36.5%34.7%
HV 60d37.8%35.8%38.8%37.1%38.2%
IV Rank28.2%17.9%44.5%24.0%43.8%
IV Percentile47.7%23.0%79.0%38.9%77.0%
Term Structure0.5%-2.1%3.8%-0.4%-2.1%
VWIV39.3%34.9%44.0%40.5%35.1%
Skew 25d1.1%-0.7%3.0%1.0%1.7%
Skew 10d2.9%-0.7%8.1%2.3%6.0%
Call IV 25d40.7%35.7%46.2%39.3%46.2%
Put IV 25d41.8%37.0%49.0%40.2%48.0%
Bid-Ask Spread %2.682.294.732.762.68
Gamma HHI0.130.070.240.070.16
Net GEX32.1M8.6M69.7M13.4M69.7M
Net DEX-1.01B-1.84B-354.2M-527.0M-1.84B
Net VEX-6.6M-6.9M-6.2M-6.2M-6.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.210.880.390.74
Total Volume116,933.73964,585250,966136,290110,397
Total OI1,880,233.871,701,4592,074,2661,795,5251,886,209

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-08-01$28.28$30.0038.7%11.3%36.5%24.0%40.5%1.0%-0.4%13.4M-527.0M-6.2M0.392.76N/AN/A98,09238,1981,099,519696,006
2017-08-02$28.65$30.0039.8%11.7%32.9%27.4%41.4%1.2%-0.0%17.8M-647.0M-6.6M0.314.73N/AN/A88,01827,3201,130,953711,904
2017-08-03$27.77$29.0042.3%11.8%34.3%34.5%42.0%0.7%-1.8%10.3M-399.3M-6.4M0.392.33N/AN/A92,95936,2521,150,087720,775
2017-08-04$27.83$29.0039.5%11.3%34.3%26.4%39.5%-0.0%-0.3%11.0M-423.5M-6.3M0.592.52N/AN/A83,74849,7461,172,941732,199
2017-08-07$28.54$28.0040.5%11.5%35.3%29.4%41.7%0.0%-0.2%16.5M-662.2M-6.4M0.212.60N/AN/A83,83017,2441,123,852715,388
2017-08-08$28.82$28.0039.5%11.4%34.1%26.3%40.7%-0.1%0.4%24.3M-776.3M-6.6M0.512.41N/AN/A107,91455,5091,162,817721,821
2017-08-09$28.58$28.0038.7%11.3%34.0%24.2%39.8%0.6%0.6%18.8M-680.0M-6.6M0.423.28N/AN/A45,47219,1131,201,840743,436
2017-08-10$27.56$28.0041.9%12.0%35.7%33.5%42.3%1.7%-0.3%8.6M-354.2M-6.4M0.672.42N/AN/A72,42648,7951,213,046749,102
2017-08-11$27.90$28.0040.7%11.8%34.7%30.1%44.0%1.2%0.5%18.4M-433.1M-6.6M0.442.53N/AN/A101,06644,8401,233,146778,479
2017-08-14$29.15$29.0036.6%10.6%39.1%17.9%37.3%-0.3%-0.4%26.9M-874.3M-6.7M0.442.35N/AN/A73,08332,1591,207,719759,530
2017-08-15$29.71$29.0037.3%10.7%39.9%20.1%38.0%0.3%-0.1%38.8M-1.08B-6.7M0.342.46N/AN/A60,83920,9071,217,964767,186
2017-08-16$30.65$29.0039.6%11.4%41.8%26.8%41.3%-0.7%0.0%45.6M-1.49B-6.6M0.372.89N/AN/A183,50867,4581,227,660770,381
2017-08-17$29.83$29.0039.8%11.4%42.6%27.3%40.8%1.1%0.1%41.2M-1.07B-6.9M0.392.29N/AN/A84,12332,4731,264,918800,839
2017-08-18$30.56$29.0038.0%10.9%43.7%22.1%38.4%1.3%0.3%56.9M-1.42B-6.7M0.602.45N/AN/A96,38057,9151,272,030802,236
2017-08-21$29.54$30.0040.6%11.5%45.1%29.7%40.8%2.0%2.0%24.4M-954.1M-6.7M0.542.86N/AN/A61,03732,8721,017,889683,570
2017-08-22$30.49$29.0039.0%11.1%40.9%25.1%39.4%1.9%2.9%33.8M-1.24B-6.8M0.422.62N/AN/A61,49225,9671,036,088694,646
2017-08-23$30.50$30.0038.7%10.9%40.9%24.1%38.9%2.0%2.8%37.3M-1.24B-6.8M0.432.91N/AN/A57,98824,7571,047,031704,673
2017-08-24$30.26$30.0038.0%10.7%40.7%22.2%38.2%1.4%3.2%35.3M-1.18B-6.8M0.562.61N/AN/A42,01223,6051,069,498716,399
2017-08-25$30.29$30.0036.5%9.9%39.3%17.9%35.4%1.3%3.8%35.4M-1.19B-6.8M0.662.33N/AN/A44,66029,6261,083,173724,979
2017-08-28$31.09$30.0039.4%10.5%37.2%26.1%37.8%1.8%3.0%39.4M-1.43B-6.5M0.312.78N/AN/A120,47737,7011,032,723706,220
2017-08-29$31.47$30.0045.6%10.2%37.3%44.2%36.6%3.0%-1.6%53.1M-1.63B-6.6M0.412.31N/AN/A73,72830,5601,110,068715,124
2017-08-30$31.55$30.0045.7%9.8%37.2%44.5%34.9%2.8%-1.6%60.6M-1.68B-6.8M0.882.62N/AN/A49,56743,6431,145,957723,358
2017-08-31$31.95$30.0045.5%10.0%34.7%43.8%35.1%1.7%-2.1%69.7M-1.84B-6.7M0.742.68N/AN/A63,29847,0991,155,071731,138