MU Options History — January 2019

In January 2019, MU traded between $31.05 and $39.09. ATM implied volatility averaged 48.3%, placing in the 48.2% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 12.1% (HV 20d: 60.4%). Max pain ranged from $35.00 to $38.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.95.

Notable Days

  • 2019-01-25: Highest Volume — 349,832 contracts
  • 2019-01-22: Largest IV spike — 10.8% change
  • 2019-01-03: Highest IV Rank — 73.2%
  • 2019-01-03: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.20$31.05$39.09$32.67$37.91
Max Pain$35.38$35.00$38.00$38.00$36.00
ATM IV48.3%42.5%55.8%51.2%47.4%
Expected Move13.9%12.2%15.7%15.0%13.5%
HV 20d60.4%53.2%63.3%59.8%61.4%
HV 60d56.5%52.6%59.0%52.6%56.4%
IV Rank48.2%28.8%73.2%58.0%45.4%
IV Percentile49.7%21.4%86.1%67.9%44.4%
Term Structure-0.2%-1.1%1.3%-0.1%-0.5%
VWIV49.6%43.2%54.9%52.5%46.4%
Skew 25d4.9%3.1%7.8%7.2%4.6%
Skew 10d10.0%6.6%15.8%14.7%7.1%
Call IV 25d46.8%42.3%52.6%48.0%45.9%
Put IV 25d51.7%45.6%60.3%55.2%50.4%
Bid-Ask Spread %3.642.705.424.103.80
Gamma HHI0.070.050.140.080.06
Net GEX-17.2M-24.0M-6.4M-17.3M-21.0M
Net DEX1.17B-9.8M2.06B1.79B536.4M
Net VEX-13.3M-15.4M-10.7M-11.5M-15.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.531.511.220.88
Total Volume154,726.95233,426349,832126,062130,267
Total OI2,482,035.4761,852,7492,993,8872,610,8832,142,969

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$32.67$38.0051.2%15.0%59.8%58.0%52.5%7.2%-0.1%-17.3M1.79B-11.5M1.224.10N/AN/A56,76269,3001,269,2861,341,597
2019-01-03$31.05$35.0055.8%15.7%56.1%73.2%54.9%7.8%-1.1%-19.5M2.06B-10.7M0.773.84N/AN/A61,15246,7801,287,9831,360,105
2019-01-04$32.66$35.0050.8%14.3%59.9%56.8%50.4%7.0%-0.0%-20.4M1.74B-11.6M0.763.77N/AN/A73,52455,9841,307,6711,362,651
2019-01-07$34.12$35.0052.3%14.8%61.8%61.8%52.2%6.5%-0.7%-17.2M1.47B-12.5M1.104.10N/AN/A19,10220,9411,284,1331,331,705
2019-01-08$33.60$35.0050.5%14.3%60.6%55.6%51.0%5.3%-0.6%-18.7M1.62B-12.3M0.973.65N/AN/A50,70649,2351,308,5961,377,069
2019-01-09$35.64$35.0050.2%14.5%63.3%54.7%51.7%3.9%0.4%-15.3M1.05B-13.5M0.943.69N/AN/A142,596134,2291,323,5631,391,030
2019-01-10$35.91$35.0049.5%14.2%63.3%52.4%50.6%4.5%-0.1%-14.4M1.03B-13.8M0.893.68N/AN/A70,10462,3631,360,8021,451,138
2019-01-11$36.09$35.0046.3%13.2%62.6%41.6%48.3%3.8%-0.1%-7.4M972.9M-13.6M1.354.63N/AN/A78,627106,1011,377,2451,462,823
2019-01-14$34.81$35.0049.0%14.0%62.8%50.8%50.7%4.7%-0.6%-22.3M1.47B-13.0M0.883.14N/AN/A71,38962,9431,349,4131,448,845
2019-01-15$33.94$35.0048.3%13.8%62.8%48.2%49.1%5.1%-1.0%-22.0M1.70B-12.7M0.563.55N/AN/A63,17135,5531,380,8461,472,713
2019-01-16$33.64$35.0045.9%13.2%62.7%40.3%46.4%6.2%-0.2%-24.0M1.81B-12.4M0.862.85N/AN/A52,22044,6851,395,4291,481,192
2019-01-17$33.80$35.0045.1%12.9%62.0%37.5%45.7%5.5%-0.2%-23.7M1.65B-12.4M0.993.73N/AN/A130,407128,7531,410,7161,454,892
2019-01-18$35.61$35.0042.5%12.2%53.2%28.8%43.2%3.3%-0.5%-6.8M1.08B-13.7M0.532.70N/AN/A180,22994,6271,472,2561,521,631
2019-01-22$33.83$35.0047.0%14.0%57.1%44.1%50.6%4.2%0.1%-20.0M1.29B-12.8M1.213.97N/AN/A72,38587,251712,4521,140,297
2019-01-23$34.03$35.0046.7%13.8%55.3%42.8%49.2%4.0%1.1%-20.4M1.26B-12.9M0.882.92N/AN/A55,25048,394731,7021,177,896
2019-01-24$36.73$35.0045.9%13.5%58.5%40.3%48.8%3.3%1.3%-8.3M570.9M-14.3M0.813.10N/AN/A156,388126,850758,9131,197,017
2019-01-25$39.09$35.0045.5%13.4%60.5%39.1%48.2%3.1%0.7%-6.4M-9.8M-15.2M0.883.19N/AN/A185,820164,012794,7091,242,746
2019-01-28$38.12$36.0047.6%14.1%61.0%46.0%51.8%3.6%-0.2%-17.3M449.2M-15.2M1.165.42N/AN/A15,49317,933778,6221,257,343
2019-01-29$37.50$36.5049.1%14.5%61.3%51.1%51.4%4.3%-0.4%-21.5M629.4M-15.1M1.513.15N/AN/A44,44067,201797,0321,288,081
2019-01-30$38.36$36.5047.0%13.8%61.5%44.0%48.9%4.8%-0.7%-17.1M412.4M-15.4M0.723.44N/AN/A67,44948,650806,7641,310,872
2019-01-31$37.91$36.0047.4%13.5%61.4%45.4%46.4%4.6%-0.5%-21.0M536.4M-15.3M0.883.80N/AN/A69,38860,879820,5601,322,409