MU Options History — March 2019

In March 2019, MU traded between $37.80 and $44.08. ATM implied volatility averaged 47.7%, placing in the 46.4% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 5.6% (HV 20d: 42.1%). Max pain ranged from $39.00 to $43.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.16.

Notable Days

  • 2019-03-21: Highest Volume — 540,523 contracts
  • 2019-03-21: Largest IV drop — 22.4% change
  • 2019-03-07: Highest IV Rank — 84.9%
  • 2019-03-07: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.97$37.80$44.08$41.66$41.32
Max Pain$41.48$39.00$43.00$39.00$43.00
ATM IV47.7%37.6%59.2%51.9%37.9%
Expected Move12.5%10.8%15.2%11.6%11.1%
HV 20d42.1%31.3%52.4%44.9%52.4%
HV 60d53.0%49.0%56.3%56.3%52.7%
IV Rank46.4%12.5%84.9%60.2%13.6%
IV Percentile48.0%3.6%94.8%69.0%4.8%
Term Structure-1.2%-2.9%0.8%-2.5%-0.4%
VWIV43.9%38.6%54.3%40.9%39.0%
Skew 25d7.1%3.0%10.2%10.2%3.0%
Skew 10d15.0%6.5%21.2%21.0%6.5%
Call IV 25d44.6%35.1%55.6%47.8%36.9%
Put IV 25d51.7%39.7%64.7%58.1%39.8%
Bid-Ask Spread %3.072.406.313.053.17
Gamma HHI0.070.050.090.060.06
Net GEX-32.9M-50.3M11.2M-23.7M-17.1M
Net DEX727.3M-601.1M1.34B124.5M359.4M
Net VEX-15.0M-15.9M-14.5M-15.9M-15.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.663.310.870.84
Total Volume172,823.38199,970540,523150,909200,846
Total OI2,304,172.0482,025,7682,485,6952,385,6592,257,863

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$41.66$39.0051.9%11.6%44.9%60.2%40.9%10.2%-2.5%-23.7M124.5M-15.9M0.873.05N/AN/A80,75370,156903,3891,482,270
2019-03-04$40.99$39.0053.9%12.9%43.0%67.0%45.4%9.9%-1.4%-31.2M390.6M-15.7M0.992.40N/AN/A50,33749,633865,1291,441,424
2019-03-05$40.14$39.5054.8%13.0%43.7%70.1%45.9%9.3%-1.6%-38.8M659.9M-15.5M1.212.63N/AN/A56,68868,461876,6681,463,269
2019-03-06$38.01$39.5057.4%14.2%48.0%78.7%49.2%9.9%-2.2%-48.6M1.31B-14.9M0.992.48N/AN/A106,257105,207887,5481,478,334
2019-03-07$37.80$39.0059.2%15.2%42.6%84.9%54.3%9.0%-2.3%-45.6M1.34B-14.9M1.263.86N/AN/A60,90076,772911,0361,496,697
2019-03-08$38.67$39.0057.1%13.4%38.4%77.7%47.7%9.3%-1.2%-44.2M1.05B-15.2M0.993.97N/AN/A88,45087,842922,7281,513,842
2019-03-11$39.07$42.0051.5%13.2%37.8%59.0%44.5%8.3%-1.3%-43.6M884.5M-14.8M1.332.50N/AN/A66,77789,019891,2811,479,793
2019-03-12$39.28$42.0050.1%12.9%37.8%54.4%45.5%8.5%-1.7%-44.5M830.3M-14.9M3.312.77N/AN/A36,123119,439911,9321,520,138
2019-03-13$38.88$42.0049.3%12.7%33.5%51.6%44.0%8.1%-1.9%-46.3M981.5M-14.7M1.422.69N/AN/A48,52068,916919,3711,523,167
2019-03-14$38.58$42.0050.8%13.0%31.3%56.7%46.8%7.4%-2.9%-50.3M1.07B-14.6M1.643.03N/AN/A54,53689,521925,4631,533,687
2019-03-15$39.52$42.0048.2%12.5%32.3%47.9%45.3%7.0%-2.8%-18.3M738.6M-14.7M0.662.61N/AN/A90,55760,006941,3451,544,350
2019-03-18$39.62$42.0047.7%12.5%32.4%46.2%43.6%7.2%-1.3%-29.0M810.7M-14.6M0.752.85N/AN/A67,22650,658753,6661,272,102
2019-03-19$40.30$42.0046.8%12.6%33.1%43.3%45.1%7.4%-1.5%-24.9M644.1M-14.8M1.102.93N/AN/A75,99683,652781,8161,292,927
2019-03-20$40.16$42.0048.4%12.8%33.0%48.8%44.6%7.7%-1.9%-26.2M697.9M-15.0M1.136.31N/AN/A133,920151,009806,2731,327,969
2019-03-21$44.08$42.0037.6%10.8%46.9%12.5%38.6%4.6%0.6%11.2M-601.1M-15.1M0.812.77N/AN/A298,363242,160858,6931,399,316
2019-03-22$41.68$43.0039.3%11.3%50.8%18.1%40.3%4.9%0.8%-22.3M350.8M-15.5M1.193.38N/AN/A112,033133,425902,8401,469,008
2019-03-25$40.72$43.0040.3%11.5%51.1%21.4%40.3%4.9%-0.1%-32.2M693.0M-15.1M1.122.59N/AN/A57,29563,998830,0931,350,210
2019-03-26$40.19$43.0040.0%11.6%51.2%20.6%40.0%4.7%0.3%-34.3M822.0M-14.9M0.842.72N/AN/A55,24446,182844,7351,353,834
2019-03-27$39.25$43.0040.5%11.7%50.1%22.2%40.5%4.2%0.2%-40.9M1.11B-14.5M1.033.03N/AN/A61,34363,362855,4341,367,082
2019-03-28$39.43$43.0039.8%11.6%50.0%19.7%40.4%4.3%-0.3%-39.3M1.01B-14.5M0.862.81N/AN/A57,91549,794864,4681,366,423
2019-03-29$41.32$43.0037.9%11.1%52.4%13.6%39.0%3.0%-0.4%-17.1M359.4M-15.0M0.843.17N/AN/A109,31091,536881,1191,376,744