MU Options History — November 2017

In November 2017, MU traded between $42.37 and $49.68. ATM implied volatility averaged 42.3%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 9.1% (HV 20d: 33.1%). Max pain ranged from $38.00 to $43.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2017-11-21: Highest Volume — 508,873 contracts
  • 2017-11-20: Largest IV spike — 10.7% change
  • 2017-11-30: Highest IV Rank — 63.2%
  • 2017-11-29: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.66$42.37$49.68$44.35$42.37
Max Pain$42.00$38.00$43.00$38.00$43.00
ATM IV42.3%36.8%52.1%41.3%52.1%
Expected Move11.1%9.9%13.6%12.4%13.1%
HV 20d33.1%29.1%44.7%34.2%44.7%
HV 60d34.4%32.4%39.9%36.0%39.9%
IV Rank34.5%18.6%63.2%31.8%63.2%
IV Percentile58.0%26.2%94.0%62.7%94.0%
Term Structure2.0%-5.2%13.9%-0.2%-1.6%
VWIV39.4%35.8%47.6%46.3%45.6%
Skew 25d3.0%0.0%5.8%2.1%4.7%
Skew 10d6.3%2.3%12.6%5.9%12.6%
Call IV 25d41.2%33.9%56.1%41.4%50.3%
Put IV 25d44.2%37.2%56.1%43.5%55.0%
Bid-Ask Spread %4.242.0110.923.426.91
Gamma HHI0.110.090.140.100.09
Net GEX90.7M60.6M115.7M86.7M60.6M
Net DEX-4.52B-5.70B-2.12B-4.36B-2.12B
Net VEX-9.6M-10.9M-8.8M-9.1M-10.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.250.930.340.53
Total Volume249,014.857113,716508,873295,710330,280
Total OI2,542,593.6192,229,7242,843,4932,418,0232,713,644

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-11-01$44.35$38.0041.3%12.4%34.2%31.8%46.3%2.1%-0.2%86.7M-4.36B-9.1M0.343.42N/AN/A220,04275,6681,454,536963,487
2017-11-02$44.36$41.0039.3%11.5%34.0%25.7%40.5%2.2%0.8%87.6M-4.32B-9.1M0.654.30N/AN/A102,99467,0111,495,297980,501
2017-11-03$43.68$42.0037.9%11.3%34.8%21.9%39.7%2.7%0.2%75.2M-4.02B-9.3M0.589.03N/AN/A128,05774,3821,513,7381,000,758
2017-11-06$43.29$42.0037.6%11.1%33.6%21.0%38.9%2.3%0.9%79.7M-3.68B-9.1M0.932.19N/AN/A108,500101,0751,443,409951,702
2017-11-07$43.93$42.0038.8%11.0%32.9%24.3%38.8%2.2%-1.0%85.9M-4.00B-9.0M0.462.20N/AN/A90,95942,2461,461,6501,021,018
2017-11-08$44.13$42.0037.4%10.9%32.7%20.4%39.0%2.0%0.7%94.4M-4.16B-9.0M0.822.97N/AN/A62,63251,0841,489,7271,031,235
2017-11-09$43.52$42.0039.1%10.7%31.5%25.3%37.9%5.8%-0.9%84.5M-3.82B-9.1M0.623.39N/AN/A93,22357,4441,503,1661,033,810
2017-11-10$44.76$42.0038.0%11.0%32.5%22.0%39.3%3.8%0.8%86.0M-4.56B-8.8M0.443.13N/AN/A267,515118,8721,520,3751,044,626
2017-11-13$45.54$42.0036.8%10.6%31.8%18.6%37.7%3.0%11.4%111.3M-4.88B-9.2M0.422.01N/AN/A242,462102,9691,551,1841,037,722
2017-11-14$45.83$42.0037.1%10.6%29.8%19.4%38.0%2.9%10.1%108.6M-5.31B-10.0M0.552.40N/AN/A112,52062,3591,659,3171,079,848
2017-11-15$45.25$42.0037.7%10.8%29.1%21.3%38.4%3.2%13.9%115.7M-5.03B-10.2M0.673.03N/AN/A93,56862,5031,684,4281,097,078
2017-11-16$46.22$42.0038.1%10.1%29.2%22.3%36.1%2.9%13.9%114.5M-5.60B-9.8M0.423.41N/AN/A178,03274,5411,701,6121,110,303
2017-11-17$46.15$42.0038.9%10.0%29.3%24.6%35.8%3.3%10.5%85.6M-5.59B-10.1M0.582.94N/AN/A122,70870,9571,719,5321,123,961
2017-11-20$47.61$42.0043.0%9.9%30.6%36.7%36.1%4.0%-1.8%86.5M-4.76B-9.6M0.503.11N/AN/A174,52487,5701,398,549831,175
2017-11-21$49.28$42.0045.9%10.5%32.0%45.1%37.2%3.8%-4.5%77.8M-5.37B-9.2M0.252.62N/AN/A408,200100,6731,430,753863,607
2017-11-22$49.13$42.0049.0%10.7%31.3%54.1%37.7%3.3%-1.9%98.7M-5.49B-10.1M0.464.04N/AN/A184,35485,1241,559,023889,611
2017-11-24$49.68$43.0049.5%10.9%30.5%55.5%38.5%3.0%-1.7%107.4M-5.70B-9.6M0.606.75N/AN/A111,28866,2491,577,600920,045
2017-11-27$48.09$43.0049.6%11.4%34.1%56.0%39.9%2.9%-5.2%88.9M-4.75B-9.9M0.476.00N/AN/A204,24596,5271,512,011901,755
2017-11-28$47.92$43.0048.0%10.6%34.0%51.2%37.5%2.4%-1.0%100.7M-4.75B-10.2M0.754.20N/AN/A94,08070,7421,584,845955,170
2017-11-29$43.76$43.0052.1%13.6%43.2%63.2%47.6%0.0%-1.4%67.9M-2.73B-10.8M0.4010.92N/AN/A308,440122,6931,605,798976,860
2017-11-30$42.37$43.0052.1%13.1%44.7%63.2%45.6%4.7%-1.6%60.6M-2.12B-10.9M0.536.91N/AN/A215,982114,2981,693,1421,020,502