MU Options History — May 2019

In May 2019, MU traded between $32.75 and $43.24. ATM implied volatility averaged 45.3%, placing in the 38.2% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 14.6% (HV 20d: 30.6%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.20.

Notable Days

  • 2019-05-31: Highest Volume — 201,732 contracts
  • 2019-05-28: Largest IV spike — 17.2% change
  • 2019-05-31: Highest IV Rank — 71.5%
  • 2019-05-20: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.31$32.75$43.24$42.02$32.75
Max Pain$43.09$40.00$45.00$43.00$40.00
ATM IV45.3%37.7%55.2%38.1%55.2%
Expected Move12.7%10.7%14.1%11.1%13.0%
HV 20d30.6%19.4%39.1%21.6%38.2%
HV 60d39.0%36.9%40.5%40.5%38.7%
IV Rank38.2%12.8%71.5%14.2%71.5%
IV Percentile43.9%9.9%85.7%11.5%85.7%
Term Structure1.3%-2.5%9.6%0.4%-1.8%
VWIV44.4%38.4%50.6%38.6%44.8%
Skew 25d5.9%4.5%7.6%4.9%5.8%
Skew 10d11.6%8.7%14.8%8.7%11.7%
Call IV 25d42.6%35.4%53.6%35.8%53.6%
Put IV 25d48.5%39.9%59.4%40.6%59.4%
Bid-Ask Spread %3.132.354.163.392.53
Gamma HHI0.090.070.130.070.08
Net GEX-32.0M-47.8M8.0M-18.7M-34.1M
Net DEX1.32B2.6M1.88B413.5M1.78B
Net VEX-12.1M-13.9M-10.3M-13.7M-10.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.341.881.190.34
Total Volume137,68582,487201,73282,487201,732
Total OI2,025,7031,891,2472,163,5021,989,1912,163,502

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$42.02$43.0038.1%11.1%21.6%14.2%38.6%4.9%0.4%-18.7M413.5M-13.7M1.193.39N/AN/A37,65044,837798,3911,190,800
2019-05-02$42.48$43.0038.7%11.3%19.5%16.2%40.2%4.6%0.3%-9.9M273.1M-13.9M1.123.39N/AN/A44,68149,876805,6101,204,466
2019-05-03$43.24$43.0037.7%10.7%19.4%12.8%38.4%4.5%-0.3%8.0M2.6M-13.9M0.813.27N/AN/A46,65637,943812,6961,215,033
2019-05-06$42.14$45.0038.9%11.7%21.1%16.8%41.6%5.4%0.3%-23.3M425.8M-13.5M1.502.91N/AN/A51,96577,909761,3081,171,783
2019-05-07$40.05$45.0045.4%13.5%27.4%38.5%48.0%7.2%-0.5%-35.4M998.2M-13.2M1.472.88N/AN/A61,12989,555774,4751,188,340
2019-05-08$39.97$45.0044.2%13.3%25.8%34.6%46.5%7.2%-0.3%-37.6M1.03B-13.2M0.814.16N/AN/A65,32352,808785,1861,200,569
2019-05-09$39.31$45.0045.4%13.8%25.9%38.7%48.7%7.3%0.0%-41.5M1.23B-13.1M1.503.55N/AN/A71,127106,665798,1941,219,699
2019-05-10$38.84$45.0043.8%12.9%25.9%33.4%46.1%6.2%-0.4%-47.8M1.38B-12.7M1.322.87N/AN/A69,21791,590822,1261,239,587
2019-05-13$37.32$45.0046.6%13.9%28.9%42.6%48.6%7.6%1.9%-41.5M1.60B-11.8M1.832.78N/AN/A67,768123,730762,4801,195,312
2019-05-14$38.48$44.0042.4%12.7%31.6%28.5%45.1%6.2%1.9%-42.0M1.35B-12.7M0.933.36N/AN/A51,43647,854800,3571,235,534
2019-05-15$38.42$44.0040.0%12.0%30.1%20.6%42.5%5.7%1.6%-41.5M1.37B-12.5M1.572.35N/AN/A33,61352,726823,9601,243,330
2019-05-16$37.36$44.0040.6%12.1%30.6%22.5%41.9%5.1%1.8%-46.2M1.58B-12.1M1.162.95N/AN/A83,62397,215831,2791,234,177
2019-05-17$35.93$44.0044.1%13.3%32.1%34.3%45.9%5.4%3.2%-45.4M1.88B-11.7M1.203.84N/AN/A71,59685,759865,9281,258,125
2019-05-20$34.64$44.0048.7%14.1%33.2%49.7%50.6%7.2%2.9%-31.9M1.75B-11.0M1.283.43N/AN/A67,61586,676743,1631,148,084
2019-05-21$35.61$43.0046.4%13.4%35.9%42.1%45.7%6.5%3.4%-30.6M1.56B-11.5M1.883.17N/AN/A41,85878,552772,1191,168,773
2019-05-22$34.88$43.0047.2%13.5%35.8%44.6%46.5%6.0%3.4%-32.6M1.71B-11.3M0.893.97N/AN/A78,01769,344788,0051,191,686
2019-05-23$33.60$42.0047.5%13.2%37.0%45.8%45.7%5.9%7.3%-32.8M1.85B-10.7M0.872.63N/AN/A82,76172,122822,3661,190,403
2019-05-24$34.03$41.0044.4%11.7%37.9%35.2%40.7%5.7%9.6%-31.7M1.71B-11.0M0.703.01N/AN/A67,63647,201863,1481,189,992
2019-05-28$32.97$40.0052.0%12.5%38.2%60.8%43.4%5.2%-2.4%-30.0M1.82B-10.3M1.612.84N/AN/A60,39296,961856,4651,171,176
2019-05-29$33.38$40.0055.2%12.8%39.1%71.3%43.7%5.7%-2.5%-30.2M1.74B-11.0M1.022.88N/AN/A78,41579,865882,1001,226,640
2019-05-30$33.35$40.0053.7%12.3%39.1%66.5%42.9%5.1%-2.2%-27.6M1.68B-11.1M1.412.59N/AN/A43,91161,761924,4501,224,649
2019-05-31$32.75$40.0055.2%13.0%38.2%71.5%44.8%5.8%-1.8%-34.1M1.78B-10.9M0.342.53N/AN/A150,24151,491936,5191,226,983