MU Options History — April 2019

In April 2019, MU traded between $41.75 and $43.69. ATM implied volatility averaged 37.7%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 3.5% (HV 20d: 41.3%). Max pain ranged from $43.00 to $43.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.02.

Notable Days

  • 2019-04-03: Highest Volume — 250,390 contracts
  • 2019-04-26: Largest IV spike — 4.5% change
  • 2019-04-29: Highest IV Rank — 21.5%
  • 2019-04-29: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.62$41.75$43.69$42.07$42.09
Max Pain$43.00$43.00$43.00$43.00$43.00
ATM IV37.7%35.9%40.3%36.1%39.6%
Expected Move10.9%10.3%12.0%10.6%11.6%
HV 20d41.3%22.0%52.4%52.4%22.0%
HV 60d46.5%40.5%51.5%51.5%40.5%
IV Rank12.9%6.7%21.5%7.4%19.2%
IV Percentile7.7%2.4%22.2%2.4%18.3%
Term Structure-0.0%-0.9%0.8%0.5%-0.3%
VWIV38.2%36.5%42.2%37.5%40.3%
Skew 25d4.1%3.1%5.6%3.1%4.8%
Skew 10d7.7%5.8%10.8%5.8%8.9%
Call IV 25d35.8%34.6%37.2%35.1%37.1%
Put IV 25d39.9%38.1%42.5%38.1%41.9%
Bid-Ask Spread %2.782.053.842.442.85
Gamma HHI0.080.050.250.060.07
Net GEX-15.9M-50.9M1.0M-15.1M-15.8M
Net DEX115.8M-399.5M478.0M160.7M361.0M
Net VEX-14.4M-15.2M-13.7M-14.9M-13.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.591.750.591.11
Total Volume122,292.33373,683250,390119,33479,324
Total OI2,161,051.4761,860,2252,348,9472,174,1021,970,265

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$42.07$43.0036.1%10.6%52.4%7.4%37.5%3.1%0.5%-15.1M160.7M-14.9M0.592.44N/AN/A75,11244,222847,7571,326,345
2019-04-02$42.52$43.0035.9%10.3%51.9%6.7%36.5%3.5%0.3%-9.5M7.9M-15.0M1.312.25N/AN/A42,23455,331871,5511,339,627
2019-04-03$43.69$43.0037.1%10.7%47.8%10.8%37.8%4.0%0.2%1.0M-399.5M-15.1M0.852.58N/AN/A135,394114,996885,6141,357,027
2019-04-04$42.84$43.0038.5%11.1%48.6%15.4%38.5%3.8%0.1%-11.2M-34.6M-15.2M1.272.28N/AN/A77,93598,691905,3191,381,719
2019-04-05$43.32$43.0037.1%10.9%48.2%10.7%37.5%3.9%0.3%-10.8M-218.1M-15.1M1.172.22N/AN/A59,67969,939920,9041,402,878
2019-04-08$42.94$43.0037.6%10.9%48.4%12.5%38.5%4.4%0.4%-14.5M-17.9M-14.8M1.502.05N/AN/A33,86150,634881,4021,364,748
2019-04-09$41.75$43.0038.8%11.1%49.8%16.5%39.4%4.5%-0.1%-25.7M403.7M-14.5M1.502.29N/AN/A56,20184,125889,3381,370,698
2019-04-10$42.16$43.0037.5%10.9%49.6%12.3%37.7%4.1%0.3%-21.6M275.4M-14.6M0.992.88N/AN/A52,76952,238896,8051,394,887
2019-04-11$42.25$43.0037.0%10.6%49.4%10.7%37.1%4.1%0.1%-22.5M233.8M-14.5M1.752.46N/AN/A29,88752,167910,2171,406,403
2019-04-12$42.00$43.0037.1%10.7%49.0%10.9%37.5%3.1%0.0%-30.1M339.6M-14.3M0.993.12N/AN/A59,73759,363914,8251,409,817
2019-04-15$41.75$43.0037.1%10.6%49.1%10.8%37.5%4.0%0.5%-22.2M400.7M-13.9M0.882.58N/AN/A48,25442,690885,2311,362,735
2019-04-16$42.69$43.0037.0%10.6%49.3%10.4%37.1%4.3%0.8%-11.5M74.8M-14.2M1.063.30N/AN/A52,85855,928903,0831,379,943
2019-04-17$43.10$43.0038.6%11.1%49.3%15.9%38.6%4.3%-0.9%-5.6M-85.5M-14.2M0.842.61N/AN/A89,99575,739919,8181,398,642
2019-04-18$43.41$43.0037.6%10.8%36.4%12.5%37.4%3.5%-0.3%-25.5M-169.3M-14.1M0.682.35N/AN/A69,24446,988935,6931,413,254
2019-04-22$43.48$43.0037.5%10.7%29.9%12.0%37.5%4.2%-0.6%-4.3M-34.3M-13.9M0.613.84N/AN/A55,79633,960745,8091,114,416
2019-04-23$42.91$43.0037.2%10.7%29.0%11.2%38.0%3.5%-0.6%-6.7M112.2M-13.8M0.823.19N/AN/A41,78234,270766,7711,127,472
2019-04-24$43.09$43.0037.3%10.8%28.4%11.6%37.3%4.1%-0.6%-4.5M51.6M-13.9M0.913.24N/AN/A38,60435,079781,3541,142,099
2019-04-25$42.77$43.0037.7%10.8%26.9%12.9%37.6%4.3%-0.8%-10.1M161.2M-13.9M0.652.91N/AN/A105,67669,174793,2901,150,211
2019-04-26$42.00$43.0039.4%11.5%28.1%18.6%40.1%5.6%-0.4%-50.9M478.0M-13.9M1.323.70N/AN/A84,200111,384808,8891,171,771
2019-04-29$42.18$43.0040.3%12.0%22.9%21.5%42.2%5.1%0.5%-16.5M331.0M-13.9M0.623.34N/AN/A57,20335,476772,2811,161,173
2019-04-30$42.09$43.0039.6%11.6%22.0%19.2%40.3%4.8%-0.3%-15.8M361.0M-13.7M1.112.85N/AN/A37,66141,663793,8591,176,406