MU Options History — May 2018

In May 2018, MU traded between $45.96 and $62.80. ATM implied volatility averaged 48.4%, placing in the 49.2% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded below realized volatility by 2.3% (HV 20d: 50.7%). Max pain ranged from $50.00 to $52.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.48.

Notable Days

  • 2018-05-31: Highest Volume — 681,680 contracts
  • 2018-05-23: Largest IV spike — 7.5% change
  • 2018-05-31: Highest IV Rank — 69.8%
  • 2018-05-18: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.17$45.96$62.80$46.63$57.71
Max Pain$51.82$50.00$52.50$50.00$52.50
ATM IV48.4%45.1%55.9%47.8%55.9%
Expected Move12.9%11.6%13.6%13.5%13.5%
HV 20d50.7%43.0%56.9%56.9%54.6%
HV 60d53.5%51.2%56.5%56.5%56.0%
IV Rank49.2%35.6%69.8%50.5%69.8%
IV Percentile66.8%52.4%93.7%64.7%93.7%
Term Structure-0.1%-3.4%3.1%-0.4%-3.4%
VWIV45.4%40.8%47.8%46.9%47.7%
Skew 25d0.7%-0.9%2.3%2.3%-0.5%
Skew 10d1.4%-1.7%5.4%5.4%-0.9%
Call IV 25d48.6%45.3%57.0%47.0%57.0%
Put IV 25d49.3%45.5%56.5%49.3%56.5%
Bid-Ask Spread %2.841.845.562.092.30
Gamma HHI0.090.060.130.060.09
Net GEX56.5M6.4M98.7M10.9M50.4M
Net DEX-2.56B-5.20B291.6M82.2M-2.59B
Net VEX-14.7M-16.0M-13.8M-14.2M-16.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.350.720.510.44
Total Volume312,009.318113,008681,680146,316681,680
Total OI2,365,248.7272,172,6812,636,7232,224,7282,507,765

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$46.63$50.0047.8%13.5%56.9%50.5%46.9%2.3%-0.4%10.9M82.2M-14.2M0.512.09N/AN/A96,96349,3531,236,161988,567
2018-05-02$45.96$50.0046.4%12.8%54.7%46.5%45.2%1.9%-0.4%6.4M291.6M-13.8M0.592.14N/AN/A94,72656,0641,269,961999,290
2018-05-03$46.68$52.5047.1%13.1%50.0%48.6%46.0%2.3%-1.1%16.2M45.0M-14.2M0.612.98N/AN/A79,56648,7431,289,9311,021,406
2018-05-04$47.53$52.5045.9%12.8%49.9%45.2%44.9%1.7%-0.8%35.1M-283.9M-14.4M0.462.54N/AN/A126,96057,9771,297,6531,026,182
2018-05-07$48.49$50.0047.3%13.3%50.4%49.2%46.6%2.1%-1.1%21.3M-591.7M-14.5M0.382.95N/AN/A114,92943,3371,239,6861,003,472
2018-05-08$48.34$50.0047.1%13.3%47.4%48.6%46.8%1.7%-0.4%23.6M-546.0M-14.5M0.362.90N/AN/A83,24529,7631,272,8831,014,905
2018-05-09$50.82$50.0046.4%13.4%50.9%46.6%47.1%1.4%0.3%53.5M-1.70B-14.8M0.592.84N/AN/A153,97491,1091,303,2081,016,514
2018-05-10$52.53$50.0047.4%13.3%50.0%49.4%46.7%1.0%-0.6%62.2M-2.44B-14.9M0.512.46N/AN/A242,605123,4791,315,9331,030,074
2018-05-11$51.97$52.5045.7%13.0%50.1%44.4%46.0%0.9%-0.6%50.9M-2.16B-15.0M0.722.58N/AN/A106,40076,9211,349,5531,059,932
2018-05-14$53.06$52.5045.1%13.0%50.5%42.8%45.3%0.2%1.7%62.8M-2.40B-14.5M0.423.35N/AN/A131,26954,8291,294,1281,024,834
2018-05-15$53.75$52.5046.0%13.2%50.6%45.3%46.0%1.2%2.8%72.4M-2.73B-14.6M0.465.56N/AN/A152,25470,7901,329,2441,039,404
2018-05-16$56.84$52.5046.5%13.3%53.2%46.9%47.0%0.9%3.1%92.0M-4.07B-14.4M0.453.87N/AN/A281,867128,0941,358,0071,064,430
2018-05-17$54.90$52.5047.5%13.5%52.1%41.3%47.4%0.9%2.9%76.3M-3.12B-15.0M0.513.93N/AN/A214,240108,6961,399,7861,146,063
2018-05-18$53.57$52.5048.4%13.6%52.4%44.3%47.8%0.0%2.9%41.7M-2.49B-15.4M0.522.44N/AN/A200,580103,7801,457,7741,178,949
2018-05-21$55.40$52.5045.9%12.2%51.7%35.6%42.8%-0.5%2.2%55.9M-2.73B-15.0M0.352.77N/AN/A213,14174,4551,183,157989,524
2018-05-22$59.71$52.5046.4%12.2%53.7%37.2%42.9%1.3%1.6%82.1M-4.53B-14.3M0.423.20N/AN/A473,004198,6671,243,4661,012,171
2018-05-23$59.69$52.5049.8%11.6%53.9%49.1%40.8%0.6%-1.3%82.9M-4.36B-14.7M0.463.30N/AN/A205,05995,1661,299,8621,077,884
2018-05-24$61.43$52.5051.4%12.0%51.6%54.5%42.5%-0.6%-1.9%98.7M-5.20B-14.6M0.411.84N/AN/A339,478137,7741,353,8801,112,567
2018-05-25$61.32$52.5051.9%11.9%45.2%56.0%41.7%-0.9%-1.8%88.2M-5.13B-14.8M0.512.17N/AN/A235,725120,0651,390,0221,147,704
2018-05-29$62.80$52.5055.2%13.1%43.0%67.3%46.2%-0.9%-3.0%76.5M-4.88B-14.6M0.411.86N/AN/A317,823131,0471,256,5381,033,258
2018-05-30$62.64$52.5053.8%12.6%43.4%62.6%44.5%-0.7%-2.9%83.9M-4.81B-14.9M0.412.34N/AN/A367,189151,4191,320,8641,078,880
2018-05-31$57.71$52.5055.9%13.5%54.6%69.8%47.7%-0.5%-3.4%50.4M-2.59B-16.0M0.442.30N/AN/A473,479208,2011,378,0611,129,704