MU Options History — August 2018

In August 2018, MU traded between $47.05 and $53.51. ATM implied volatility averaged 40.5%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 12.1% (HV 20d: 28.4%). Max pain ranged from $51.50 to $57.50. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.50.

Notable Days

  • 2018-08-15: Highest Volume — 448,819 contracts
  • 2018-08-21: Largest IV spike — 16.0% change
  • 2018-08-31: Highest IV Rank — 51.0%
  • 2018-08-31: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.10$47.05$53.51$52.44$52.42
Max Pain$54.02$51.50$57.50$57.50$52.00
ATM IV40.5%33.9%48.6%39.6%48.6%
Expected Move11.8%10.0%14.5%11.4%14.5%
HV 20d28.4%20.9%34.1%27.5%33.5%
HV 60d38.8%34.4%43.5%43.4%34.9%
IV Rank21.6%0.0%51.0%14.4%51.0%
IV Percentile26.4%0.0%68.3%18.3%68.3%
Term Structure-0.4%-1.8%2.8%-0.5%-1.7%
VWIV41.7%35.1%51.4%39.7%51.4%
Skew 25d1.0%-0.9%2.1%1.6%1.9%
Skew 10d1.8%-2.0%3.6%3.3%3.3%
Call IV 25d40.5%33.5%48.9%39.1%48.9%
Put IV 25d41.5%34.5%50.8%40.7%50.8%
Bid-Ask Spread %2.241.533.183.181.83
Gamma HHI0.080.060.190.060.19
Net GEX23.3M-22.3M104.5M950.9K104.5M
Net DEX-338.2M-2.09B1.59B-58.4M-1.91B
Net VEX-18.3M-21.6M-16.3M-17.2M-21.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.370.710.450.62
Total Volume232,565.609114,526448,819146,138189,873
Total OI2,589,465.7392,355,4432,967,5602,355,4432,910,660

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$52.44$57.5039.6%11.4%27.5%14.4%39.7%1.6%-0.5%950.9K-58.4M-17.2M0.453.18N/AN/A100,96045,1781,259,0871,096,356
2018-08-02$53.43$57.5038.2%10.7%27.1%9.2%37.5%1.7%-0.4%20.2M-457.2M-17.5M0.402.41N/AN/A145,13357,7251,285,9001,108,825
2018-08-03$52.64$57.5037.9%10.6%27.4%8.3%37.0%1.3%-0.2%-15.2M-109.5M-17.2M0.402.98N/AN/A121,91148,3981,306,0461,126,638
2018-08-06$52.69$55.0036.5%10.9%26.2%3.0%38.1%1.1%0.6%9.9M-171.0M-17.0M0.582.46N/AN/A109,86563,6901,265,8341,096,884
2018-08-07$53.04$55.0035.1%10.4%24.4%0.0%36.5%0.8%0.6%19.6M-343.6M-17.1M0.541.87N/AN/A74,30040,2261,307,1601,122,992
2018-08-08$53.51$55.0034.3%10.3%22.8%0.0%36.2%1.2%0.6%31.7M-558.0M-17.2M0.542.44N/AN/A75,15140,3081,329,7521,136,517
2018-08-09$52.44$55.0033.9%10.1%22.2%0.0%35.5%1.0%0.5%9.3M-43.1M-16.8M0.492.01N/AN/A145,14771,3621,352,7211,153,798
2018-08-10$51.40$55.0034.8%10.5%21.8%3.2%36.9%1.1%0.3%-22.3M328.9M-17.1M0.552.30N/AN/A156,53386,3301,401,7391,179,185
2018-08-13$51.45$55.0034.1%10.2%21.8%0.9%35.5%1.1%1.1%6.2M218.4M-16.9M0.611.53N/AN/A117,78572,2891,368,9681,158,354
2018-08-14$50.59$55.0034.0%10.0%20.9%0.3%35.1%0.8%0.7%-2.5M615.6M-16.7M0.672.47N/AN/A205,124137,2901,422,5651,192,064
2018-08-15$47.55$55.0039.3%11.2%28.2%18.9%39.9%2.1%0.1%-14.1M1.52B-16.3M0.712.06N/AN/A262,792186,0271,505,9871,247,180
2018-08-16$47.05$55.0038.9%11.2%27.8%17.3%39.5%1.7%0.1%-12.0M1.59B-16.9M0.382.00N/AN/A221,00584,8221,606,8601,313,358
2018-08-17$47.23$52.5037.8%10.8%27.8%13.5%38.2%2.0%-0.3%-18.9M1.47B-17.2M0.642.21N/AN/A169,813108,5121,636,6371,330,923
2018-08-20$48.16$52.5037.5%10.8%29.2%12.7%38.4%0.9%2.8%9.4M125.9M-18.0M0.372.24N/AN/A173,64464,8601,269,5171,112,479
2018-08-21$49.90$52.5043.6%12.7%32.0%33.5%44.6%1.1%-1.3%30.4M-651.9M-19.0M0.382.16N/AN/A207,66279,6711,327,3591,133,191
2018-08-22$50.28$52.5045.1%12.9%32.2%38.7%45.7%0.1%-1.7%41.6M-822.6M-19.4M0.412.04N/AN/A149,55961,2291,355,7461,151,526
2018-08-23$49.69$52.5045.5%13.1%31.8%40.2%46.9%0.0%-1.7%36.9M-586.6M-19.3M0.492.13N/AN/A149,81573,4221,385,7161,169,253
2018-08-24$50.66$52.5045.2%13.1%32.8%39.2%46.4%-0.9%-1.5%61.2M-1.11B-19.8M0.412.10N/AN/A139,43357,1681,446,1971,197,901
2018-08-27$51.97$52.5047.4%14.0%34.0%46.8%49.9%-0.0%-1.5%42.9M-1.47B-20.2M0.392.03N/AN/A221,68387,1331,380,6391,183,207
2018-08-28$52.20$52.5047.7%14.1%34.1%47.9%50.1%-0.0%-1.8%59.4M-1.71B-20.3M0.412.21N/AN/A130,43053,2201,458,2531,194,452
2018-08-29$51.84$51.5047.9%14.1%33.9%48.3%49.8%1.5%-1.6%57.3M-1.56B-20.6M0.582.48N/AN/A163,61095,0401,499,8691,218,723
2018-08-30$52.74$51.5048.4%14.4%33.8%50.3%50.8%1.6%-1.6%78.7M-2.09B-21.4M0.472.45N/AN/A206,83797,0441,569,3231,281,371
2018-08-31$52.42$52.0048.6%14.5%33.5%51.0%51.4%1.9%-1.7%104.5M-1.91B-21.6M0.621.83N/AN/A117,55372,3201,596,4131,314,247