MU Options History — February 2018

In February 2018, MU traded between $39.71 and $48.83. ATM implied volatility averaged 48.0%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 6.0% (HV 20d: 54.1%). Max pain ranged from $42.00 to $43.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2018-02-26: Highest Volume — 410,590 contracts
  • 2018-02-12: Largest IV drop — 15.3% change
  • 2018-02-09: Highest IV Rank — 73.7%
  • 2018-02-09: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.74$39.71$48.83$42.45$48.83
Max Pain$42.13$42.00$43.00$42.00$43.00
ATM IV48.0%43.4%55.7%43.4%48.5%
Expected Move12.7%10.8%15.7%12.6%11.4%
HV 20d54.1%40.6%59.0%42.3%56.6%
HV 60d49.1%43.7%51.2%43.7%47.1%
IV Rank51.3%37.9%73.7%37.9%52.7%
IV Percentile80.8%67.5%97.2%70.2%80.6%
Term Structure1.0%-2.4%8.3%0.1%-1.6%
VWIV44.4%38.1%54.1%44.1%40.6%
Skew 25d3.1%-0.2%6.4%-0.2%1.3%
Skew 10d4.4%-12.2%9.1%-0.5%2.6%
Call IV 25d47.1%40.0%54.5%44.3%48.8%
Put IV 25d50.1%43.3%59.1%44.1%50.1%
Bid-Ask Spread %3.771.789.602.553.74
Gamma HHI0.090.060.150.080.12
Net GEX56.9M19.9M87.2M67.9M80.1M
Net DEX-1.48B-3.32B-29.5M-948.9M-3.32B
Net VEX-12.9M-13.5M-11.5M-12.3M-13.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.210.650.380.46
Total Volume242,931115,271410,590163,239208,649
Total OI2,182,431.8421,876,2572,496,6752,167,7002,058,130

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$42.45$42.0043.4%12.6%42.3%37.9%44.1%-0.2%0.1%67.9M-948.9M-12.3M0.382.55N/AN/A117,92045,3191,370,566797,134
2018-02-02$40.81$42.0045.7%13.2%40.6%44.6%46.3%6.4%-0.2%27.4M-221.5M-11.7M0.641.78N/AN/A165,723105,2991,390,449807,071
2018-02-05$39.71$42.0051.5%14.1%40.7%61.4%49.4%2.4%-1.4%19.9M-29.7M-11.5M0.657.45N/AN/A140,36791,7361,295,795799,310
2018-02-06$43.77$42.0047.2%13.6%55.0%48.8%48.1%4.1%0.1%64.4M-1.49B-13.1M0.319.60N/AN/A232,44271,3771,340,805842,108
2018-02-07$42.15$42.0047.8%13.6%52.3%50.5%47.2%2.7%-0.4%54.8M-853.8M-12.7M0.526.44N/AN/A138,38671,7701,375,564853,917
2018-02-08$40.04$42.0053.8%15.3%55.1%68.1%51.7%4.9%-1.3%23.5M-29.5M-12.5M0.294.89N/AN/A163,16947,7311,427,040896,279
2018-02-09$40.45$42.0055.7%15.7%55.3%73.7%54.1%4.6%-1.2%27.6M-179.1M-13.0M0.394.77N/AN/A207,43281,5831,486,399914,187
2018-02-12$42.16$42.0047.2%13.6%57.5%48.9%47.4%4.7%3.8%47.4M-785.9M-12.9M0.334.65N/AN/A186,26561,7091,424,431891,693
2018-02-13$42.59$42.0046.8%13.4%57.6%47.6%47.5%4.4%6.4%56.3M-1.01B-13.1M0.383.13N/AN/A147,64056,5221,459,790909,522
2018-02-14$43.44$42.0043.8%12.6%57.0%39.1%43.6%3.7%8.3%81.5M-1.52B-13.5M0.372.35N/AN/A133,95249,2211,526,119919,499
2018-02-15$43.45$42.0043.7%12.1%57.0%38.7%42.4%3.2%7.8%87.2M-1.60B-13.3M0.562.68N/AN/A151,26384,0441,550,836903,620
2018-02-16$44.27$42.0043.8%11.8%56.3%39.1%41.5%3.3%7.3%45.2M-2.08B-13.2M0.312.11N/AN/A295,54792,8431,573,420923,255
2018-02-20$44.93$42.0049.5%11.7%56.5%55.5%41.4%2.4%-1.1%55.7M-1.90B-13.2M0.402.12N/AN/A126,77650,8661,127,005749,252
2018-02-21$44.59$42.0049.7%11.4%56.0%56.3%40.0%3.8%-2.4%60.5M-1.79B-13.3M0.533.42N/AN/A97,15351,6881,165,004766,045
2018-02-22$44.22$42.0049.5%11.4%55.6%55.7%40.0%2.3%-1.3%56.5M-1.59B-13.3M0.583.29N/AN/A73,12942,1421,182,304784,123
2018-02-23$46.50$42.0047.2%10.8%58.3%48.9%38.1%1.9%-1.4%85.8M-2.64B-13.1M0.392.06N/AN/A283,887110,9151,201,199795,620
2018-02-26$47.97$42.5047.8%11.2%59.0%50.6%39.5%1.0%-1.8%63.5M-2.91B-12.7M0.212.06N/AN/A340,17470,4161,139,164781,457
2018-02-27$48.67$43.0050.0%11.6%59.0%57.0%40.9%1.4%-1.7%75.1M-3.28B-13.3M0.352.63N/AN/A162,98257,6521,237,414800,679
2018-02-28$48.83$43.0048.5%11.4%56.6%52.7%40.6%1.3%-1.6%80.1M-3.32B-13.1M0.463.74N/AN/A142,46766,1821,245,542812,588