MU Options History — September 2018

In September 2018, MU traded between $41.67 and $51.88. ATM implied volatility averaged 49.9%, placing in the 55.4% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded below realized volatility by 0.5% (HV 20d: 50.4%). Max pain ranged from $50.00 to $52.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.51.

Notable Days

2018-09-06: Highest Volume — 665,540 contracts
2018-09-21: Largest IV drop — 24.3% change
2018-09-06: Highest IV Rank — 80.3%
2018-09-05: Largest Expected Move — 17.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.20	$41.67	$51.88	$51.88	$45.30
Max Pain	$50.21	$50.00	$52.00	$52.00	$50.00
ATM IV	49.9%	37.2%	57.1%	50.3%	37.6%
Expected Move	14.2%	10.6%	17.4%	16.0%	10.6%
HV 20d	50.4%	33.7%	54.3%	33.7%	52.4%
HV 60d	40.5%	34.3%	43.4%	34.3%	39.0%
IV Rank	55.4%	11.6%	80.3%	56.8%	13.0%
IV Percentile	67.6%	5.6%	96.4%	77.0%	6.7%
Term Structure	-1.4%	-3.4%	0.4%	-1.9%	0.4%
VWIV	50.4%	37.2%	61.2%	56.6%	37.4%
Skew 25d	0.5%	-2.0%	2.2%	1.1%	1.9%
Skew 10d	0.6%	-4.7%	4.3%	2.3%	3.8%
Call IV 25d	50.5%	37.1%	58.3%	50.1%	37.1%
Put IV 25d	51.0%	38.5%	58.7%	51.2%	39.1%
Bid-Ask Spread %	2.67	2.19	3.02	2.34	2.86
Gamma HHI	0.07	0.05	0.09	0.07	0.09
Net GEX	11.7M	-12.4M	47.1M	47.1M	29.0M
Net DEX	748.6M	-1.49B	1.97B	-1.49B	528.8M
Net VEX	-19.9M	-21.8M	-17.6M	-20.8M	-19.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.31	0.71	0.54	0.42
Total Volume	308,490.789	141,301	665,540	169,308	155,979
Total OI	3,208,606.737	2,775,374	3,713,228	2,775,374	3,160,950

Daily Data (19 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
2018-09-04	$51.88	$52.00	50.3%	16.0%	33.7%	56.8%	56.6%	1.1%	-1.9%	47.1M	-1.49B	-20.8M	0.54	2.34	N/A	N/A	109,911	59,397	1,512,797	1,262,577
2018-09-05	$49.65	$52.00	53.2%	17.4%	36.8%	66.7%	61.2%	2.2%	-2.5%	23.2M	-458.5M	-20.4M	0.54	2.97	N/A	N/A	195,544	104,620	1,558,974	1,304,118
2018-09-06	$44.87	$50.00	57.1%	15.0%	50.3%	80.3%	53.0%	2.1%	-3.4%	-7.9M	1.35B	-18.2M	0.59	2.51	N/A	N/A	419,648	245,892	1,615,854	1,343,981
2018-09-07	$44.82	$50.00	56.7%	15.3%	50.2%	78.8%	53.8%	1.5%	-1.7%	-7.0M	1.25B	-19.5M	0.54	2.46	N/A	N/A	177,819	95,423	1,730,258	1,409,343
2018-09-10	$44.86	$50.00	55.9%	15.3%	50.0%	76.1%	55.5%	0.7%	-2.2%	-111.0K	1.09B	-19.5M	0.31	2.31	N/A	N/A	170,251	53,440	1,685,295	1,381,909
2018-09-11	$43.52	$50.00	55.2%	15.0%	50.6%	73.9%	54.1%	0.4%	-2.5%	-3.4M	1.47B	-18.8M	0.58	2.19	N/A	N/A	223,525	130,622	1,754,155	1,386,905
2018-09-12	$41.67	$50.00	55.3%	15.0%	52.1%	74.0%	53.3%	2.1%	-2.5%	-12.4M	1.97B	-17.6M	0.56	2.84	N/A	N/A	267,683	149,903	1,821,275	1,421,066
2018-09-13	$43.57	$50.00	55.5%	15.2%	51.6%	74.7%	54.9%	0.1%	-2.8%	8.6M	1.19B	-20.0M	0.40	2.26	N/A	N/A	330,948	131,089	1,888,121	1,469,983
2018-09-14	$44.36	$50.00	55.0%	15.2%	52.2%	73.2%	54.7%	-0.1%	-2.8%	25.8M	812.5M	-20.9M	0.44	3.01	N/A	N/A	161,324	70,671	1,959,518	1,520,101
2018-09-17	$43.54	$50.00	55.4%	15.7%	52.4%	74.4%	56.3%	-1.4%	-1.3%	5.4M	1.21B	-20.0M	0.47	2.81	N/A	N/A	111,514	52,185	1,860,968	1,498,131
2018-09-18	$45.43	$50.00	53.7%	15.3%	54.3%	68.4%	55.3%	-2.0%	-1.1%	19.3M	470.8M	-21.2M	0.44	2.44	N/A	N/A	190,004	84,014	1,896,804	1,507,903
2018-09-19	$45.20	$50.00	53.6%	15.4%	52.4%	68.1%	54.9%	-1.6%	-1.6%	18.2M	579.8M	-21.1M	0.45	2.80	N/A	N/A	140,457	63,707	1,934,612	1,522,825
2018-09-20	$46.12	$50.00	56.1%	16.2%	53.0%	76.8%	57.4%	-2.0%	-2.0%	27.2M	105.5M	-21.8M	0.56	2.83	N/A	N/A	397,952	221,252	1,968,399	1,540,095
2018-09-21	$44.46	$50.00	42.5%	12.2%	54.2%	29.8%	43.1%	0.2%	0.2%	1.4M	1.35B	-19.8M	0.56	3.02	N/A	N/A	406,374	227,394	2,077,860	1,635,368
2018-09-24	$45.17	$50.00	40.1%	11.4%	54.0%	21.6%	40.5%	0.8%	0.2%	9.6M	567.7M	-19.9M	0.46	2.77	N/A	N/A	120,631	55,560	1,632,486	1,394,511
2018-09-25	$44.82	$50.00	39.2%	11.1%	52.7%	18.5%	39.9%	0.8%	0.2%	8.7M	709.3M	-19.6M	0.68	2.87	N/A	N/A	137,682	93,863	1,652,835	1,399,805
2018-09-26	$44.61	$50.00	38.3%	10.9%	52.5%	15.3%	38.5%	1.1%	0.1%	8.1M	838.8M	-19.5M	0.71	2.93	N/A	N/A	96,011	67,735	1,670,070	1,432,046
2018-09-27	$45.00	$50.00	37.2%	10.6%	52.9%	11.6%	37.2%	1.3%	0.3%	21.4M	680.9M	-19.7M	0.51	2.47	N/A	N/A	93,706	47,595	1,695,700	1,455,930
2018-09-28	$45.30	$50.00	37.6%	10.6%	52.4%	13.0%	37.4%	1.9%	0.4%	29.0M	528.8M	-19.7M	0.42	2.86	N/A	N/A	110,125	45,854	1,701,464	1,459,486