MU Options History — December 2018

In December 2018, MU traded between $29.33 and $40.06. ATM implied volatility averaged 57.1%, placing in the 78.8% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded above realized volatility by 1.3% (HV 20d: 55.8%). Max pain ranged from $38.00 to $43.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.02.

Notable Days

2018-12-19: Highest Volume — 549,265 contracts
2018-12-04: Largest IV spike — 16.2% change
2018-12-24: Highest IV Rank — 100.0%
2018-12-05: Largest Expected Move — 19.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.96	$29.33	$40.06	$40.06	$31.70
Max Pain	$40.95	$38.00	$43.00	$40.00	$38.00
ATM IV	57.1%	48.1%	63.7%	48.1%	52.5%
Expected Move	16.7%	14.9%	19.9%	15.7%	15.4%
HV 20d	55.8%	46.0%	62.1%	46.0%	61.4%
HV 60d	48.5%	45.2%	52.3%	45.2%	52.1%
IV Rank	78.8%	48.6%	100.0%	48.6%	62.4%
IV Percentile	90.1%	57.1%	100.0%	57.1%	75.4%
Term Structure	-1.1%	-2.9%	0.2%	-0.7%	-0.3%
VWIV	57.6%	51.1%	66.9%	54.8%	53.1%
Skew 25d	8.1%	5.4%	10.7%	5.4%	7.5%
Skew 10d	16.3%	7.1%	22.8%	10.4%	15.9%
Call IV 25d	53.2%	45.0%	58.1%	45.0%	49.3%
Put IV 25d	61.4%	50.4%	68.8%	50.4%	56.8%
Bid-Ask Spread %	3.68	2.45	5.94	2.65	4.04
Gamma HHI	0.07	0.06	0.08	0.06	0.08
Net GEX	-21.4M	-29.1M	-13.0M	-13.0M	-19.0M
Net DEX	2.05B	811.2M	2.96B	811.2M	1.95B
Net VEX	-12.9M	-17.0M	-9.5M	-17.0M	-11.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.54	2.09	0.67	0.63
Total Volume	172,176.15	60,794	549,265	163,315	70,326
Total OI	2,799,730.2	2,550,637	3,034,238	2,710,283	2,593,475

Daily Data (20 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
2018-12-03	$40.06	$40.00	48.1%	15.7%	46.0%	48.6%	54.8%	5.4%	-0.7%	-13.0M	811.2M	-17.0M	0.67	2.65	N/A	N/A	97,928	65,387	1,281,444	1,428,839
2018-12-04	$36.98	$40.00	56.0%	19.0%	53.9%	75.1%	64.2%	6.7%	-1.0%	-22.8M	1.71B	-15.5M	0.63	4.85	N/A	N/A	119,864	74,930	1,312,151	1,455,247
2018-12-05	$36.86	$40.00	56.4%	19.9%	53.9%	76.7%	66.9%	6.7%	-1.7%	-23.0M	1.74B	-15.4M	0.61	5.94	N/A	N/A	123,855	75,759	1,312,151	1,455,247
2018-12-06	$37.59	$43.00	56.3%	15.4%	53.1%	76.4%	55.1%	7.2%	-1.3%	-18.9M	1.55B	-16.0M	0.99	3.97	N/A	N/A	77,574	76,568	1,343,200	1,479,293
2018-12-07	$36.14	$43.00	58.8%	16.2%	54.5%	84.6%	55.8%	7.6%	-1.4%	-26.3M	1.93B	-15.2M	0.99	4.07	N/A	N/A	30,618	30,176	1,358,789	1,501,488
2018-12-10	$34.90	$43.00	61.4%	16.9%	54.9%	93.5%	57.8%	7.9%	-2.0%	-24.7M	2.13B	-14.1M	1.04	3.19	N/A	N/A	60,017	62,197	1,314,620	1,472,525
2018-12-11	$35.27	$42.00	59.9%	16.7%	53.4%	88.4%	58.3%	7.0%	-1.1%	-24.1M	2.06B	-14.1M	0.88	2.45	N/A	N/A	57,128	50,151	1,325,540	1,480,233
2018-12-12	$36.19	$42.00	55.7%	15.7%	54.3%	74.3%	54.2%	6.5%	-1.1%	-22.0M	1.89B	-14.6M	0.56	2.73	N/A	N/A	74,011	41,523	1,346,632	1,491,647
2018-12-13	$35.02	$42.00	56.4%	15.8%	55.0%	76.5%	53.9%	6.7%	-1.6%	-24.6M	2.16B	-13.6M	1.47	2.62	N/A	N/A	63,284	93,320	1,384,622	1,498,099
2018-12-14	$34.10	$42.00	58.9%	16.6%	53.1%	84.9%	56.1%	7.2%	-1.2%	-24.9M	2.35B	-13.1M	0.90	2.77	N/A	N/A	78,187	70,662	1,399,274	1,518,671
2018-12-17	$33.66	$42.00	61.8%	17.6%	53.1%	95.1%	60.7%	8.8%	-1.5%	-23.1M	2.36B	-12.7M	0.93	3.10	N/A	N/A	56,735	52,921	1,379,790	1,515,611
2018-12-18	$34.49	$42.00	59.5%	17.0%	48.3%	87.1%	58.3%	9.5%	-2.2%	-23.4M	2.27B	-13.0M	0.96	4.04	N/A	N/A	136,509	130,396	1,395,487	1,535,232
2018-12-19	$31.28	$42.00	51.9%	14.9%	58.8%	61.3%	51.1%	8.2%	-0.4%	-29.1M	2.96B	-10.1M	1.21	3.61	N/A	N/A	248,538	300,727	1,454,714	1,579,524
2018-12-20	$31.40	$40.00	56.1%	16.2%	58.7%	75.8%	54.2%	8.6%	-1.1%	-24.8M	2.42B	-10.7M	1.24	3.96	N/A	N/A	104,148	129,323	1,501,966	1,465,610
2018-12-21	$30.35	$40.00	57.8%	16.8%	59.4%	81.5%	58.6%	10.5%	-2.9%	-19.6M	2.57B	-10.2M	1.08	3.62	N/A	N/A	86,944	93,887	1,522,304	1,481,057
2018-12-24	$29.33	$40.00	63.7%	18.5%	59.6%	100.0%	60.1%	10.7%	-1.2%	-18.4M	2.24B	-9.5M	1.56	3.66	N/A	N/A	41,586	64,968	1,248,958	1,301,679
2018-12-26	$30.53	$40.00	58.1%	17.3%	62.1%	80.9%	61.5%	9.8%	-0.1%	-18.7M	2.15B	-10.1M	0.54	4.18	N/A	N/A	100,027	53,643	1,261,531	1,304,234
2018-12-27	$31.78	$39.00	57.6%	17.0%	61.4%	79.4%	60.1%	9.5%	0.2%	-13.5M	1.87B	-11.1M	2.09	4.19	N/A	N/A	70,571	147,609	1,300,166	1,317,777
2018-12-28	$31.48	$39.00	55.7%	16.3%	61.4%	73.0%	57.1%	10.6%	-0.3%	-14.6M	1.94B	-11.1M	1.35	4.04	N/A	N/A	55,914	75,612	1,322,192	1,353,585
2018-12-31	$31.70	$38.00	52.5%	15.4%	61.4%	62.4%	53.1%	7.5%	-0.3%	-19.0M	1.95B	-11.0M	0.63	4.04	N/A	N/A	43,019	27,307	1,257,869	1,335,606