MU Options History — November 2018

In November 2018, MU traded between $36.18 and $40.91. ATM implied volatility averaged 51.0%, placing in the 58.9% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 2.8% (HV 20d: 53.9%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.86.

Notable Days

2018-11-01: Highest Volume — 285,360 contracts
2018-11-19: Largest IV spike — 19.1% change
2018-11-20: Highest IV Rank — 100.0%
2018-11-20: Largest Expected Move — 18.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.47	$36.18	$40.91	$39.94	$38.28
Max Pain	$41.86	$40.00	$43.00	$42.00	$40.00
ATM IV	51.0%	41.0%	63.3%	46.8%	53.4%
Expected Move	15.8%	13.4%	18.4%	14.3%	16.9%
HV 20d	53.9%	42.9%	61.8%	52.5%	42.9%
HV 60d	46.9%	44.1%	49.0%	46.7%	44.1%
IV Rank	58.9%	24.7%	100.0%	44.8%	66.3%
IV Percentile	67.8%	21.8%	100.0%	52.0%	81.0%
Term Structure	0.4%	-4.1%	7.0%	0.5%	-3.5%
VWIV	55.0%	47.2%	64.0%	49.9%	58.7%
Skew 25d	6.8%	4.9%	9.3%	6.9%	7.1%
Skew 10d	13.5%	8.7%	18.6%	13.9%	12.0%
Call IV 25d	47.9%	39.1%	59.1%	44.0%	50.4%
Put IV 25d	54.7%	44.0%	68.4%	50.9%	57.5%
Bid-Ask Spread %	4.13	3.00	6.52	3.18	3.00
Gamma HHI	0.06	0.05	0.09	0.05	0.09
Net GEX	-18.0M	-25.8M	-1.4M	-7.3M	-6.9M
Net DEX	1.46B	820.0M	1.93B	984.5M	1.27B
Net VEX	-16.6M	-18.3M	-15.3M	-17.8M	-16.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.86	0.52	1.23	0.55	0.65
Total Volume	144,466	83,809	285,360	285,360	116,864
Total OI	2,791,810.333	2,562,341	3,131,302	2,833,576	2,761,817

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
2018-11-01	$39.94	$42.00	46.8%	14.3%	52.5%	44.8%	49.9%	6.9%	0.5%	-7.3M	984.5M	-17.8M	0.55	3.18	N/A	N/A	184,264	101,096	1,386,028	1,447,548
2018-11-02	$40.34	$42.00	48.0%	14.5%	52.7%	48.8%	51.6%	5.7%	0.4%	-1.4M	820.0M	-18.3M	0.67	3.63	N/A	N/A	119,880	80,736	1,403,033	1,473,593
2018-11-05	$39.95	$43.00	47.3%	14.8%	52.8%	46.5%	51.8%	6.9%	0.6%	-16.9M	1.14B	-17.9M	0.86	3.59	N/A	N/A	50,790	43,668	1,345,585	1,455,846
2018-11-06	$39.68	$42.00	46.5%	14.6%	52.2%	43.5%	50.7%	6.1%	0.8%	-17.3M	1.25B	-17.6M	0.70	4.05	N/A	N/A	49,760	35,001	1,361,191	1,465,915
2018-11-07	$40.91	$42.00	41.0%	13.4%	53.4%	24.7%	47.3%	4.9%	0.9%	-11.4M	863.0M	-18.0M	0.73	4.03	N/A	N/A	75,275	55,217	1,375,752	1,471,999
2018-11-08	$40.39	$42.00	41.4%	13.4%	53.1%	26.0%	47.2%	4.9%	0.4%	-15.8M	1.09B	-17.6M	0.97	5.38	N/A	N/A	60,112	58,501	1,394,499	1,482,686
2018-11-09	$39.24	$42.00	43.6%	14.0%	53.9%	33.7%	49.0%	4.9%	0.1%	-24.5M	1.52B	-16.9M	0.74	4.98	N/A	N/A	78,713	58,362	1,405,451	1,494,052
2018-11-12	$37.60	$42.00	48.2%	15.4%	55.5%	49.5%	54.0%	6.7%	5.7%	-24.9M	1.93B	-15.8M	1.12	4.73	N/A	N/A	51,639	57,732	1,375,981	1,470,267
2018-11-13	$37.79	$42.00	47.6%	15.2%	55.0%	47.6%	52.7%	6.7%	5.3%	-24.8M	1.91B	-16.0M	0.94	4.57	N/A	N/A	48,416	45,582	1,391,265	1,478,664
2018-11-14	$38.30	$42.00	50.1%	16.1%	55.2%	56.0%	57.2%	6.9%	6.0%	-22.0M	1.74B	-16.3M	1.10	5.20	N/A	N/A	115,265	127,057	1,405,279	1,490,574
2018-11-15	$39.82	$42.00	49.8%	15.8%	56.9%	55.2%	55.3%	6.0%	6.3%	-14.4M	1.39B	-17.8M	1.03	6.52	N/A	N/A	127,745	131,784	1,483,622	1,562,745
2018-11-16	$39.47	$42.00	48.9%	15.3%	56.6%	51.8%	53.2%	6.5%	7.0%	-22.2M	1.63B	-17.5M	0.92	4.06	N/A	N/A	66,674	61,468	1,520,697	1,610,605
2018-11-19	$36.69	$42.00	58.2%	17.1%	61.8%	84.1%	57.7%	8.7%	-4.0%	-24.0M	1.78B	-15.7M	0.83	4.60	N/A	N/A	72,336	60,356	1,191,484	1,370,857
2018-11-20	$36.18	$42.00	63.3%	18.4%	61.3%	100.0%	64.0%	9.3%	-4.1%	-24.0M	1.84B	-15.4M	1.18	3.81	N/A	N/A	92,578	108,977	1,209,982	1,383,450
2018-11-21	$36.49	$42.00	59.9%	17.2%	56.2%	88.5%	59.6%	8.5%	-2.1%	-23.9M	1.80B	-15.7M	1.23	3.34	N/A	N/A	53,854	66,079	1,235,780	1,410,574
2018-11-23	$36.40	$42.00	61.7%	17.9%	55.8%	94.5%	62.1%	8.6%	-3.0%	-25.8M	1.80B	-15.6M	1.10	4.31	N/A	N/A	39,831	43,978	1,251,772	1,425,836
2018-11-26	$36.70	$42.00	55.8%	17.1%	54.0%	74.7%	58.6%	7.5%	-2.2%	-23.6M	1.75B	-15.3M	0.52	3.03	N/A	N/A	64,699	33,935	1,214,144	1,390,631
2018-11-27	$36.93	$42.00	54.6%	16.8%	51.4%	70.6%	57.9%	7.3%	-2.0%	-20.8M	1.66B	-15.4M	0.80	3.23	N/A	N/A	56,906	45,653	1,238,292	1,394,348
2018-11-28	$38.67	$41.00	52.2%	16.4%	51.3%	62.4%	57.0%	6.8%	-2.0%	-14.3M	1.19B	-16.4M	0.64	4.38	N/A	N/A	117,322	75,103	1,258,682	1,402,443
2018-11-29	$38.02	$41.00	53.6%	16.8%	46.7%	67.2%	58.8%	6.6%	-3.3%	-12.6M	1.36B	-16.1M	0.77	3.06	N/A	N/A	56,786	43,792	1,303,403	1,431,645
2018-11-30	$38.28	$40.00	53.4%	16.9%	42.9%	66.3%	58.7%	7.1%	-3.5%	-6.9M	1.27B	-16.4M	0.65	3.00	N/A	N/A	70,809	46,055	1,317,694	1,444,123