MU Options History — July 2018

In July 2018, MU traded between $51.48 and $57.50. ATM implied volatility averaged 41.3%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded below realized volatility by 0.5% (HV 20d: 41.8%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.54.

Notable Days

2018-07-13: Highest Volume — 318,967 contracts
2018-07-03: Largest IV spike — 10.8% change
2018-07-03: Highest IV Rank — 45.5%
2018-07-03: Largest Expected Move — 13.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.51	$51.48	$57.50	$54.38	$53.01
Max Pain	$56.79	$55.00	$60.00	$55.00	$57.50
ATM IV	41.3%	39.3%	47.9%	43.2%	40.1%
Expected Move	11.8%	11.2%	13.8%	11.8%	11.6%
HV 20d	41.8%	33.7%	46.5%	37.7%	33.7%
HV 60d	46.8%	43.5%	49.6%	48.2%	43.5%
IV Rank	21.0%	13.2%	45.5%	28.4%	16.3%
IV Percentile	29.5%	15.5%	66.3%	42.5%	22.2%
Term Structure	0.1%	-0.5%	0.9%	-0.1%	-0.5%
VWIV	41.2%	39.2%	47.1%	40.8%	40.3%
Skew 25d	2.0%	1.0%	3.0%	2.0%	1.8%
Skew 10d	4.0%	2.2%	8.9%	3.8%	3.3%
Call IV 25d	40.7%	38.8%	46.5%	42.6%	39.5%
Put IV 25d	42.7%	40.5%	49.5%	44.6%	41.3%
Bid-Ask Spread %	2.53	1.69	7.76	1.99	3.19
Gamma HHI	0.08	0.06	0.18	0.08	0.07
Net GEX	33.2M	-15.6M	79.6M	25.5M	4.2M
Net DEX	-1.08B	-2.55B	44.4M	-1.03B	-250.9M
Net VEX	-17.0M	-17.8M	-16.1M	-17.0M	-17.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.34	0.82	0.34	0.35
Total Volume	211,378.952	117,726	318,967	233,658	150,482
Total OI	2,646,965.571	2,114,342	3,118,457	2,666,534	2,293,575

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
2018-07-02	$54.38	$55.00	43.2%	11.8%	37.7%	28.4%	40.8%	2.0%	-0.1%	25.5M	-1.03B	-17.0M	0.34	1.99	N/A	N/A	175,010	58,648	1,412,870	1,253,664
2018-07-03	$51.48	$55.00	47.9%	13.8%	41.7%	45.5%	47.1%	3.0%	0.9%	5.7M	44.4M	-16.5M	0.62	7.76	N/A	N/A	162,561	100,849	1,447,229	1,266,526
2018-07-05	$52.62	$57.50	44.5%	12.6%	42.8%	33.0%	44.0%	2.9%	-0.4%	20.0M	-390.6M	-16.4M	0.82	2.23	N/A	N/A	137,163	113,112	1,484,594	1,281,913
2018-07-06	$53.25	$57.50	42.5%	12.2%	43.2%	25.8%	42.2%	2.5%	0.3%	27.0M	-661.1M	-16.3M	0.57	2.27	N/A	N/A	111,904	63,708	1,506,790	1,301,064
2018-07-09	$54.35	$55.00	41.6%	11.8%	42.2%	22.5%	41.7%	2.2%	-0.4%	30.0M	-1.06B	-16.1M	0.54	1.96	N/A	N/A	116,242	62,706	1,424,111	1,260,729
2018-07-10	$55.77	$55.00	40.4%	11.7%	43.6%	18.2%	40.7%	2.3%	0.2%	47.1M	-1.74B	-16.3M	0.44	1.69	N/A	N/A	161,406	71,374	1,446,852	1,279,497
2018-07-11	$54.24	$55.00	42.5%	12.1%	44.3%	25.7%	41.9%	3.0%	-0.4%	37.8M	-1.04B	-16.5M	0.44	2.02	N/A	N/A	170,532	75,295	1,493,127	1,294,109
2018-07-12	$55.42	$55.00	40.8%	11.7%	45.3%	19.7%	41.0%	2.2%	-0.1%	60.9M	-1.67B	-16.8M	0.41	2.03	N/A	N/A	118,326	48,338	1,551,812	1,317,537
2018-07-13	$56.34	$55.00	39.9%	11.6%	45.6%	16.3%	40.1%	2.2%	0.6%	79.6M	-2.20B	-17.0M	0.57	1.95	N/A	N/A	202,851	116,116	1,570,595	1,324,702
2018-07-16	$56.14	$57.50	41.0%	11.8%	45.3%	20.2%	41.1%	2.1%	-0.4%	45.3M	-1.72B	-16.8M	0.45	1.92	N/A	N/A	111,438	49,997	1,544,247	1,330,655
2018-07-17	$57.05	$57.50	39.7%	11.4%	45.6%	14.8%	39.6%	2.1%	0.3%	59.4M	-2.20B	-16.9M	0.73	2.20	N/A	N/A	136,601	99,778	1,570,664	1,348,559
2018-07-18	$57.50	$60.00	40.5%	11.6%	45.6%	17.6%	40.5%	1.6%	0.2%	70.8M	-2.55B	-17.2M	0.62	1.84	N/A	N/A	148,178	91,719	1,594,536	1,367,474
2018-07-19	$56.30	$57.50	41.4%	11.8%	46.1%	21.2%	41.7%	1.0%	0.5%	44.2M	-1.74B	-17.3M	0.53	1.90	N/A	N/A	170,928	90,985	1,627,066	1,401,110
2018-07-20	$55.14	$57.50	40.4%	11.5%	46.5%	17.3%	40.3%	1.2%	0.6%	-15.6M	-1.14B	-17.4M	0.60	1.90	N/A	N/A	160,959	96,496	1,678,247	1,440,210
2018-07-23	$54.27	$57.50	40.1%	11.3%	45.0%	16.2%	39.9%	1.1%	-0.0%	20.3M	-734.3M	-17.2M	0.54	2.35	N/A	N/A	151,693	82,549	1,132,265	982,077
2018-07-24	$53.08	$57.50	40.3%	11.5%	38.5%	16.9%	40.2%	1.6%	0.2%	14.4M	-364.8M	-17.3M	0.43	2.36	N/A	N/A	123,341	53,241	1,178,143	1,016,241
2018-07-25	$53.25	$57.50	40.0%	11.5%	37.7%	16.0%	40.2%	1.6%	0.6%	19.8M	-426.9M	-17.5M	0.47	3.48	N/A	N/A	136,821	64,905	1,227,052	1,035,679
2018-07-26	$53.92	$57.50	39.3%	11.2%	35.7%	13.2%	39.2%	1.6%	0.6%	34.2M	-702.7M	-17.8M	0.47	2.28	N/A	N/A	80,105	37,621	1,261,381	1,061,918
2018-07-27	$54.00	$57.50	39.5%	11.3%	35.6%	14.2%	39.4%	1.8%	0.6%	56.1M	-694.2M	-17.7M	0.60	2.80	N/A	N/A	109,211	65,419	1,273,424	1,073,215
2018-07-30	$53.18	$57.50	41.5%	12.3%	35.8%	21.6%	42.6%	2.0%	-0.2%	9.8M	-374.9M	-17.3M	0.79	3.02	N/A	N/A	89,348	71,002	1,183,785	1,047,033
2018-07-31	$53.01	$57.50	40.1%	11.6%	33.7%	16.3%	40.3%	1.8%	-0.5%	4.2M	-250.9M	-17.3M	0.35	3.19	N/A	N/A	111,185	39,297	1,210,362	1,083,213