MU Options History — February 2019

In February 2019, MU traded between $38.48 and $43.05. ATM implied volatility averaged 48.2%, placing in the 47.9% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded below realized volatility by 6.6% (HV 20d: 54.8%). Max pain ranged from $36.00 to $39.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.04.

Notable Days

  • 2019-02-06: Highest Volume — 250,719 contracts
  • 2019-02-14: Largest IV spike — 11.8% change
  • 2019-02-28: Highest IV Rank — 64.3%
  • 2019-02-08: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.02$38.48$43.05$39.59$40.84
Max Pain$37.63$36.00$39.00$36.00$39.00
ATM IV48.2%42.4%53.1%44.9%53.1%
Expected Move12.6%11.3%13.9%12.8%12.2%
HV 20d54.8%42.7%60.8%58.6%44.9%
HV 60d57.5%56.3%59.1%57.1%56.9%
IV Rank47.9%28.7%64.3%36.9%64.3%
IV Percentile49.7%19.8%75.8%28.2%75.8%
Term Structure1.3%-2.2%8.4%-0.1%-2.2%
VWIV45.6%42.9%48.9%45.2%43.1%
Skew 25d7.2%4.5%10.2%4.6%10.2%
Skew 10d15.3%5.6%20.8%5.6%20.8%
Call IV 25d45.1%40.3%49.1%43.4%49.1%
Put IV 25d52.2%45.3%59.3%48.0%59.3%
Bid-Ask Spread %3.272.174.432.882.71
Gamma HHI0.070.050.210.060.07
Net GEX-12.4M-38.8M16.5M-9.6M-38.8M
Net DEX-1.5M-559.6M602.8M37.9M441.9M
Net VEX-15.9M-16.3M-15.4M-15.7M-15.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.601.910.810.78
Total Volume156,702.10585,678250,719199,887126,427
Total OI2,256,559.6322,104,8722,446,2692,176,2032,359,563

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$39.59$36.0044.9%12.8%58.6%36.9%45.2%4.6%-0.1%-9.6M37.9M-15.7M0.812.88N/AN/A110,14789,740833,0051,343,198
2019-02-04$39.38$36.0044.4%13.0%57.1%35.4%46.7%4.5%1.3%-16.5M243.9M-15.5M1.913.25N/AN/A35,11066,994793,2611,311,611
2019-02-05$39.41$36.0042.4%12.4%55.7%28.7%44.0%4.7%0.7%-16.5M222.2M-15.4M0.923.11N/AN/A44,70040,978802,8091,339,338
2019-02-06$41.73$36.0044.3%12.8%57.7%34.8%46.9%5.6%0.6%-6.9M-366.2M-15.9M1.033.18N/AN/A123,245127,474813,7311,350,723
2019-02-07$39.31$37.0047.3%13.8%59.9%45.0%47.5%5.8%0.9%-22.1M363.3M-15.9M0.863.56N/AN/A98,40085,011835,6181,402,098
2019-02-08$38.48$37.0048.4%13.9%60.6%48.6%48.6%6.8%0.1%-29.7M602.8M-15.6M0.873.37N/AN/A108,15794,510868,8231,417,427
2019-02-11$38.50$37.0047.8%13.8%60.6%46.7%48.8%6.7%4.8%-21.6M559.0M-15.4M1.032.80N/AN/A53,75555,231852,2031,391,888
2019-02-12$40.41$37.0044.7%12.8%60.8%36.2%45.7%6.3%7.1%-8.3M-27.6M-15.6M0.603.23N/AN/A125,51175,206860,2371,404,503
2019-02-13$41.65$37.0042.5%12.2%60.0%28.9%44.8%6.6%5.5%1.4M-437.7M-15.9M0.853.28N/AN/A122,155104,193894,6011,429,402
2019-02-14$42.23$37.0047.5%13.3%59.6%45.6%48.9%8.2%5.3%1.4M-559.6M-16.2M1.123.41N/AN/A105,378118,131910,5261,465,178
2019-02-15$42.00$38.0045.9%12.3%59.8%40.3%45.3%6.4%8.4%15.2M-480.1M-16.3M0.852.58N/AN/A121,254103,407934,1821,512,087
2019-02-19$42.10$38.0051.0%12.8%57.8%57.3%46.5%7.5%-0.6%-11.8M-117.7M-16.1M1.323.66N/AN/A51,96868,800823,0011,325,590
2019-02-20$42.26$39.0051.7%12.5%53.4%59.8%45.6%7.2%-0.2%-10.3M-147.2M-16.2M1.193.93N/AN/A64,61177,034842,7701,363,009
2019-02-21$41.57$39.0052.8%12.3%54.3%63.2%45.4%9.5%-1.0%-19.1M108.2M-16.2M0.963.94N/AN/A52,91350,635857,6551,396,985
2019-02-22$42.42$39.0051.1%11.3%48.6%57.7%42.9%8.8%-1.2%16.5M-204.8M-16.1M0.944.43N/AN/A63,27659,755875,7521,405,621
2019-02-25$42.95$39.0051.6%12.0%44.1%59.3%44.4%8.6%-1.4%-14.3M-249.4M-16.1M0.953.16N/AN/A65,03061,714846,7251,392,472
2019-02-26$43.05$39.0051.5%11.7%42.7%59.1%44.0%8.6%-2.0%-12.3M-289.9M-16.1M1.753.49N/AN/A35,81162,617862,9971,427,221
2019-02-27$41.41$39.0052.5%12.3%44.9%62.4%43.1%9.7%-1.9%-33.1M272.6M-16.0M1.072.17N/AN/A61,91666,146874,0421,454,781
2019-02-28$40.84$39.0053.1%12.2%44.9%64.3%43.1%10.2%-2.2%-38.8M441.9M-15.8M0.782.71N/AN/A71,11555,312890,1691,469,394