MU Options History — October 2018

In October 2018, MU traded between $34.01 and $45.78. ATM implied volatility averaged 44.6%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 9.7% (HV 20d: 34.9%). Max pain ranged from $42.00 to $50.00. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.70.

Notable Days

2018-10-05: Highest Volume — 323,001 contracts
2018-10-24: Largest IV spike — 15.3% change
2018-10-29: Highest IV Rank — 82.7%
2018-10-29: Largest Expected Move — 18.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.89	$34.01	$45.78	$45.09	$37.99
Max Pain	$45.07	$42.00	$50.00	$50.00	$42.00
ATM IV	44.6%	38.2%	57.8%	38.2%	47.8%
Expected Move	13.0%	10.9%	18.3%	10.9%	14.2%
HV 20d	34.9%	22.4%	53.0%	52.4%	48.9%
HV 60d	39.2%	37.7%	45.4%	38.9%	45.4%
IV Rank	37.0%	15.0%	82.7%	15.0%	48.2%
IV Percentile	43.5%	11.5%	96.8%	11.5%	58.3%
Term Structure	-0.5%	-1.4%	0.3%	0.1%	0.3%
VWIV	45.2%	38.7%	59.8%	38.7%	51.0%
Skew 25d	5.2%	1.3%	9.6%	1.6%	7.5%
Skew 10d	10.5%	2.1%	20.0%	2.1%	15.0%
Call IV 25d	42.4%	38.0%	53.0%	38.1%	44.8%
Put IV 25d	47.7%	39.7%	62.6%	39.7%	52.3%
Bid-Ask Spread %	3.17	2.14	5.54	2.28	3.36
Gamma HHI	0.08	0.05	0.10	0.06	0.06
Net GEX	-21.4M	-39.8M	8.5M	-1.1M	-9.2M
Net DEX	1.57B	394.7M	2.41B	655.7M	1.62B
Net VEX	-17.1M	-19.9M	-13.4M	-19.8M	-16.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.40	0.95	0.52	0.86
Total Volume	200,149.826	106,075	323,001	139,377	189,122
Total OI	2,961,851.13	2,536,498	3,301,540	2,997,902	2,778,774

Daily Data (23 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
2018-10-01	$45.09	$50.00	38.2%	10.9%	52.4%	15.0%	38.7%	1.6%	0.1%	-1.1M	655.7M	-19.8M	0.52	2.28	N/A	N/A	91,929	47,448	1,582,222	1,415,680
2018-10-02	$45.78	$50.00	39.0%	11.1%	53.0%	17.8%	39.2%	1.4%	0.2%	8.5M	394.7M	-19.9M	0.40	2.69	N/A	N/A	114,493	45,419	1,613,573	1,433,911
2018-10-03	$45.24	$50.00	39.4%	11.2%	51.1%	18.9%	39.3%	1.3%	0.3%	2.1M	637.1M	-19.5M	0.40	2.14	N/A	N/A	102,389	40,880	1,631,092	1,433,079
2018-10-04	$44.01	$46.00	42.3%	12.1%	37.6%	29.0%	42.7%	2.1%	0.1%	-14.4M	1.06B	-19.2M	0.85	2.89	N/A	N/A	112,094	95,334	1,661,314	1,430,515
2018-10-05	$43.60	$46.00	41.1%	11.7%	37.7%	24.9%	40.8%	3.5%	0.0%	-32.0M	1.34B	-18.7M	0.51	2.68	N/A	N/A	213,655	109,346	1,679,569	1,466,234
2018-10-08	$43.24	$45.00	41.5%	11.8%	37.7%	26.5%	41.3%	3.6%	-0.5%	-22.2M	1.40B	-18.1M	0.86	2.37	N/A	N/A	101,769	87,307	1,575,929	1,439,224
2018-10-09	$42.20	$45.00	42.6%	12.1%	37.2%	30.3%	41.8%	4.0%	-0.3%	-26.8M	1.56B	-17.7M	0.79	2.42	N/A	N/A	96,566	75,936	1,608,401	1,421,313
2018-10-10	$41.59	$45.00	45.5%	13.1%	34.2%	40.2%	45.5%	6.0%	-0.0%	-27.8M	1.80B	-17.6M	0.72	3.18	N/A	N/A	142,798	103,187	1,623,311	1,459,453
2018-10-11	$42.27	$45.00	46.8%	13.2%	30.5%	44.6%	44.9%	6.6%	-0.8%	-20.9M	1.37B	-18.2M	0.74	4.29	N/A	N/A	115,955	86,380	1,659,411	1,433,369
2018-10-12	$42.30	$45.00	43.2%	12.2%	29.7%	32.4%	42.3%	6.2%	-1.1%	-27.3M	1.59B	-17.8M	0.77	3.21	N/A	N/A	111,818	86,263	1,691,705	1,483,687
2018-10-15	$42.50	$45.00	41.9%	11.9%	29.1%	27.8%	41.4%	5.1%	-0.6%	-31.0M	1.42B	-17.5M	0.62	2.83	N/A	N/A	65,399	40,676	1,636,262	1,441,054
2018-10-16	$43.26	$45.00	39.3%	11.3%	25.3%	18.9%	38.9%	3.5%	-0.5%	-24.0M	1.11B	-17.8M	0.50	2.81	N/A	N/A	194,017	96,461	1,652,390	1,443,741
2018-10-17	$42.43	$46.00	40.5%	11.6%	26.0%	22.9%	40.1%	3.9%	-0.8%	-24.2M	1.42B	-17.8M	0.63	3.16	N/A	N/A	82,244	52,098	1,730,053	1,473,456
2018-10-18	$41.41	$45.00	43.2%	12.4%	25.5%	32.2%	42.7%	4.9%	-1.4%	-39.8M	1.71B	-17.3M	0.86	4.64	N/A	N/A	122,035	105,377	1,750,348	1,467,999
2018-10-19	$40.65	$44.00	41.4%	12.0%	23.3%	26.1%	41.9%	4.8%	-1.4%	-34.3M	2.02B	-17.0M	0.93	2.52	N/A	N/A	114,578	106,678	1,794,078	1,507,462
2018-10-22	$39.92	$44.00	42.5%	12.6%	22.4%	29.7%	43.7%	5.4%	0.0%	-26.3M	1.65B	-16.3M	0.68	3.50	N/A	N/A	122,897	84,125	1,212,930	1,323,568
2018-10-23	$38.80	$44.00	44.4%	13.3%	23.8%	36.5%	45.9%	5.3%	-0.5%	-26.5M	1.89B	-15.6M	0.60	3.31	N/A	N/A	137,422	82,685	1,249,544	1,342,989
2018-10-24	$36.19	$44.00	51.2%	15.6%	32.5%	60.0%	52.4%	9.5%	-1.1%	-27.0M	2.36B	-14.0M	0.68	3.52	N/A	N/A	182,560	124,405	1,283,099	1,367,687
2018-10-25	$36.88	$43.00	47.4%	14.3%	33.4%	46.9%	50.7%	7.3%	-0.6%	-23.1M	2.13B	-15.0M	0.71	3.26	N/A	N/A	108,977	77,066	1,339,946	1,383,969
2018-10-26	$35.48	$43.00	53.6%	16.2%	34.3%	68.3%	55.6%	8.0%	-1.2%	-24.7M	2.36B	-14.2M	0.95	3.01	N/A	N/A	142,386	134,808	1,364,441	1,408,532
2018-10-29	$34.01	$42.50	57.8%	18.3%	35.8%	82.7%	59.4%	9.6%	-0.6%	-21.4M	2.41B	-13.4M	0.66	5.54	N/A	N/A	74,063	49,047	1,308,989	1,389,714
2018-10-30	$35.65	$42.00	54.2%	16.6%	40.7%	70.2%	59.8%	9.1%	-1.3%	-18.3M	2.15B	-14.5M	0.81	3.30	N/A	N/A	73,729	59,625	1,336,846	1,391,713
2018-10-31	$37.99	$42.00	47.8%	14.2%	48.9%	48.2%	51.0%	7.5%	0.3%	-9.2M	1.62B	-16.1M	0.86	3.36	N/A	N/A	101,677	87,445	1,367,974	1,410,800