MU Options History — June 2018

In June 2018, MU traded between $52.59 and $61.45. ATM implied volatility averaged 49.8%, placing in the 49.1% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 2.9% (HV 20d: 46.9%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.51.

Notable Days

2018-06-21: Highest Volume — 554,369 contracts
2018-06-21: Largest IV drop — 13.8% change
2018-06-04: Highest IV Rank — 65.2%
2018-06-18: Largest Expected Move — 15.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$57.92	$52.59	$61.45	$58.43	$52.59
Max Pain	$53.10	$50.00	$55.00	$55.00	$55.00
ATM IV	49.8%	42.4%	54.5%	53.9%	43.9%
Expected Move	13.7%	12.1%	15.4%	12.6%	12.1%
HV 20d	46.9%	35.5%	54.6%	54.6%	35.5%
HV 60d	52.1%	48.1%	56.0%	56.0%	48.1%
IV Rank	49.1%	23.6%	65.2%	63.0%	28.7%
IV Percentile	71.5%	36.9%	91.3%	89.7%	46.4%
Term Structure	-1.1%	-3.4%	1.0%	-3.4%	0.0%
VWIV	48.0%	42.6%	53.9%	44.3%	42.7%
Skew 25d	0.7%	-0.8%	3.4%	0.3%	2.0%
Skew 10d	1.2%	-1.6%	6.6%	0.1%	3.8%
Call IV 25d	49.8%	42.4%	55.1%	55.1%	43.2%
Put IV 25d	50.5%	43.1%	55.5%	55.5%	45.2%
Bid-Ask Spread %	2.10	1.41	3.45	3.45	2.06
Gamma HHI	0.10	0.06	0.12	0.10	0.08
Net GEX	58.6M	1.9M	133.9M	66.8M	1.9M
Net DEX	-2.69B	-4.83B	-307.4M	-2.97B	-319.8M
Net VEX	-16.6M	-17.2M	-15.7M	-16.9M	-16.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.37	0.65	0.64	0.65
Total Volume	322,739.952	175,734	554,369	526,280	187,469
Total OI	2,686,519.429	2,328,663	3,001,545	2,689,541	2,838,765

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-06-01	$58.43	$55.00	53.9%	12.6%	54.6%	63.0%	44.3%	0.3%	-3.4%	66.8M	-2.97B	-16.9M	0.64	3.45	N/A	N/A	321,004	205,276	1,493,767	1,195,774
2018-06-04	$59.06	$50.00	54.5%	14.4%	54.5%	65.2%	50.6%	-0.0%	-1.4%	68.3M	-3.33B	-16.5M	0.44	1.81	N/A	N/A	254,565	111,794	1,378,876	1,140,458
2018-06-05	$59.25	$50.00	53.4%	14.3%	54.5%	61.3%	50.2%	0.1%	-1.3%	81.4M	-3.56B	-16.8M	0.45	1.75	N/A	N/A	183,178	82,646	1,451,027	1,181,866
2018-06-06	$59.38	$50.00	52.3%	14.1%	54.4%	57.6%	49.3%	0.1%	-2.0%	88.6M	-3.64B	-16.6M	0.45	1.94	N/A	N/A	156,920	69,859	1,480,085	1,200,550
2018-06-07	$59.53	$50.00	53.6%	14.4%	52.3%	61.8%	50.4%	0.2%	-1.6%	93.9M	-3.73B	-16.6M	0.50	1.75	N/A	N/A	162,257	80,447	1,500,426	1,219,514
2018-06-08	$61.37	$50.00	50.0%	13.7%	52.2%	49.6%	48.3%	0.4%	-0.8%	133.9M	-4.83B	-16.2M	0.51	2.45	N/A	N/A	275,440	141,142	1,533,954	1,249,532
2018-06-11	$61.45	$50.00	49.8%	13.7%	51.8%	49.0%	48.1%	0.7%	-1.7%	89.5M	-4.47B	-15.7M	0.37	1.90	N/A	N/A	186,419	69,743	1,423,445	1,208,763
2018-06-12	$60.60	$50.00	50.5%	13.9%	52.1%	51.5%	48.7%	0.2%	-1.8%	88.6M	-4.12B	-16.0M	0.62	2.30	N/A	N/A	195,455	121,824	1,509,716	1,233,580
2018-06-13	$60.26	$52.50	50.8%	14.0%	52.3%	52.4%	49.1%	0.0%	-1.9%	88.1M	-3.97B	-16.3M	0.48	1.95	N/A	N/A	118,410	57,324	1,576,756	1,297,496
2018-06-14	$59.16	$52.50	52.0%	14.5%	49.4%	56.4%	50.5%	-0.7%	-1.8%	60.6M	-3.25B	-16.3M	0.52	2.11	N/A	N/A	216,817	112,705	1,592,974	1,317,502
2018-06-15	$58.17	$55.00	51.1%	14.3%	48.0%	53.5%	50.1%	-0.4%	-1.9%	19.3M	-2.64B	-16.5M	0.47	2.15	N/A	N/A	234,408	109,937	1,640,326	1,361,219
2018-06-18	$58.47	$55.00	54.3%	15.4%	46.9%	64.5%	53.9%	-0.8%	-1.7%	45.2M	-2.53B	-16.6M	0.44	1.41	N/A	N/A	149,075	66,268	1,247,817	1,080,846
2018-06-19	$59.09	$55.00	53.3%	15.2%	45.7%	60.9%	53.1%	-0.4%	-1.4%	55.2M	-2.83B	-16.9M	0.47	1.67	N/A	N/A	168,421	79,988	1,306,568	1,113,411
2018-06-20	$59.19	$55.00	49.1%	14.1%	37.0%	46.7%	49.4%	-0.2%	-0.9%	65.6M	-2.94B	-16.9M	0.50	1.84	N/A	N/A	274,903	137,674	1,368,952	1,145,254
2018-06-21	$59.37	$55.00	42.4%	12.1%	37.0%	23.6%	42.6%	0.7%	0.6%	87.0M	-2.97B	-16.7M	0.44	1.99	N/A	N/A	385,223	169,146	1,456,517	1,212,937
2018-06-22	$57.21	$55.00	43.3%	12.3%	37.6%	26.9%	43.2%	0.8%	1.0%	25.2M	-1.84B	-16.9M	0.51	1.75	N/A	N/A	309,137	157,219	1,492,521	1,230,952
2018-06-25	$53.41	$55.00	48.7%	14.0%	44.1%	45.3%	48.3%	2.9%	-0.4%	13.8M	-555.5M	-16.6M	0.52	3.01	N/A	N/A	323,304	168,852	1,376,128	1,178,647
2018-06-26	$54.54	$55.00	45.2%	12.7%	43.8%	33.2%	44.0%	2.3%	-0.2%	29.8M	-1.04B	-17.2M	0.57	2.76	N/A	N/A	149,915	85,731	1,447,912	1,213,670
2018-06-27	$52.61	$55.00	47.9%	13.4%	45.0%	42.6%	45.9%	3.4%	-0.6%	10.5M	-307.4M	-17.0M	0.46	2.27	N/A	N/A	193,460	89,806	1,486,953	1,244,978
2018-06-28	$53.09	$55.00	46.1%	12.8%	36.0%	36.4%	44.9%	2.6%	-0.2%	17.1M	-553.0M	-17.1M	0.60	1.82	N/A	N/A	134,001	80,377	1,528,996	1,257,478
2018-06-29	$52.59	$55.00	43.9%	12.1%	35.5%	28.7%	42.7%	2.0%	0.0%	1.9M	-319.8M	-16.9M	0.65	2.06	N/A	N/A	113,645	73,824	1,557,130	1,281,635