MU Options History — September 2017

In September 2017, MU traded between $32.08 and $39.35. ATM implied volatility averaged 44.2%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 14.1% (HV 20d: 30.1%). Max pain ranged from $28.00 to $31.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.52.

Notable Days

  • 2017-09-27: Highest Volume — 450,308 contracts
  • 2017-09-27: Largest IV drop — 21.3% change
  • 2017-09-25: Highest IV Rank — 56.6%
  • 2017-09-25: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.84$32.08$39.35$32.66$39.35
Max Pain$29.10$28.00$31.00$30.00$31.00
ATM IV44.2%36.8%49.9%45.1%39.0%
Expected Move12.3%9.6%14.9%9.6%11.2%
HV 20d30.1%19.9%39.5%35.0%39.5%
HV 60d36.1%33.9%38.4%38.4%37.0%
IV Rank40.3%18.6%56.6%42.6%25.1%
IV Percentile72.5%25.0%91.3%75.8%45.2%
Term Structure-1.5%-3.5%0.0%-2.0%-0.0%
VWIV43.6%34.2%53.3%34.2%40.2%
Skew 25d1.5%-1.0%3.7%2.1%-1.0%
Skew 10d3.4%-2.4%7.9%4.5%-0.1%
Call IV 25d44.4%38.5%50.4%45.8%40.8%
Put IV 25d45.9%37.5%50.4%47.9%39.8%
Bid-Ask Spread %2.651.789.742.422.42
Gamma HHI0.140.090.200.160.18
Net GEX58.3M38.6M107.6M54.1M88.8M
Net DEX-2.50B-4.51B-1.68B-2.13B-4.51B
Net VEX-6.3M-7.0M-5.9M-6.6M-7.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.250.940.610.42
Total Volume194,192.7587,255450,308130,018367,605
Total OI1,992,079.751,782,7422,521,5391,912,5402,521,539

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-09-01$32.66$30.0045.1%9.6%35.0%42.6%34.2%2.1%-2.0%54.1M-2.13B-6.6M0.612.42N/AN/A80,65949,3591,162,469750,071
2017-09-05$32.08$28.0045.0%12.3%35.6%42.5%43.5%2.2%-1.7%48.0M-1.68B-6.4M0.512.28N/AN/A78,01440,0751,099,766742,807
2017-09-06$32.25$28.0043.4%11.9%35.5%37.7%42.2%2.4%-1.5%56.7M-1.75B-6.5M0.741.82N/AN/A50,02037,2351,121,770755,448
2017-09-07$32.80$28.0046.2%12.1%35.4%45.9%42.9%3.7%-3.5%66.9M-1.97B-6.4M0.702.06N/AN/A55,76439,2851,128,759763,275
2017-09-08$32.48$28.0046.6%12.3%32.2%47.0%43.2%3.4%-3.0%78.1M-1.83B-6.4M0.821.83N/AN/A49,77040,7011,137,344771,875
2017-09-11$33.42$28.0045.5%12.4%32.9%43.9%43.1%3.3%-1.6%66.9M-2.14B-6.0M0.391.96N/AN/A100,98239,7981,097,291748,139
2017-09-12$34.28$28.0043.8%12.3%30.9%39.0%43.1%2.8%-0.8%59.8M-2.42B-5.9M0.602.14N/AN/A108,60364,8541,108,024764,684
2017-09-13$34.60$28.0042.6%11.8%30.7%35.6%41.5%2.6%-1.6%61.2M-2.67B-5.9M0.521.78N/AN/A101,14552,2651,174,490784,837
2017-09-14$34.54$29.0043.3%12.1%29.5%37.5%43.6%2.1%-1.3%52.7M-2.54B-6.1M0.342.07N/AN/A98,89133,1811,174,591810,837
2017-09-15$34.63$29.0041.9%11.7%26.9%33.5%41.5%2.0%-1.4%38.6M-2.61B-5.9M0.272.09N/AN/A114,27531,3491,210,001822,751
2017-09-18$35.46$29.0045.4%12.9%26.8%43.8%45.7%1.8%-1.7%42.2M-2.36B-6.0M0.522.16N/AN/A125,36665,6251,062,022720,720
2017-09-19$35.95$29.0045.1%12.9%22.0%42.8%45.7%2.7%-1.2%45.0M-2.54B-6.1M0.492.12N/AN/A78,41938,5901,101,254751,827
2017-09-20$35.96$29.0047.8%13.7%20.6%50.5%48.1%-0.1%-1.8%45.5M-2.54B-6.3M0.372.12N/AN/A179,28966,9611,122,852768,747
2017-09-21$35.93$29.0046.5%13.4%20.7%46.8%47.1%0.1%-1.6%51.6M-2.58B-6.4M0.941.88N/AN/A71,05066,9221,181,323793,985
2017-09-22$36.10$30.0046.2%13.4%19.9%45.8%47.1%0.7%-2.0%44.0M-2.64B-6.5M0.632.99N/AN/A74,53746,8311,197,413829,152
2017-09-25$34.84$30.0049.9%14.9%25.3%56.6%53.3%-0.1%-1.9%39.1M-2.13B-6.4M0.452.51N/AN/A143,61764,7341,163,461797,053
2017-09-26$34.14$30.0046.8%13.9%26.0%47.6%49.8%-0.1%-1.5%39.8M-1.93B-6.6M0.419.74N/AN/A266,550108,0491,233,218822,898
2017-09-27$37.13$30.0036.8%10.2%38.3%18.6%36.8%-1.0%0.0%79.1M-3.25B-6.5M0.373.12N/AN/A327,924122,3841,383,476882,142
2017-09-28$38.13$31.0038.2%10.8%38.8%22.7%38.5%0.3%-0.2%107.6M-3.73B-6.8M0.253.42N/AN/A323,49679,6811,469,171910,113
2017-09-29$39.35$31.0039.0%11.2%39.5%25.1%40.2%-1.0%-0.0%88.8M-4.51B-7.0M0.422.42N/AN/A258,802108,8031,577,848943,691