MU Options History — July 2019

In July 2019, MU traded between $39.41 and $48.10. ATM implied volatility averaged 38.5%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 8.8% (HV 20d: 47.3%). Max pain ranged from $36.00 to $44.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.72.

Notable Days

  • 2019-07-19: Highest Volume — 383,985 contracts
  • 2019-07-02: Largest IV drop — 7.3% change
  • 2019-07-22: Highest IV Rank — 23.3%
  • 2019-07-22: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.08$39.41$48.10$40.16$45.11
Max Pain$40.55$36.00$44.00$36.00$44.00
ATM IV38.5%35.3%40.8%38.6%40.6%
Expected Move11.0%9.5%11.7%10.7%11.6%
HV 20d47.3%29.8%58.5%58.5%35.5%
HV 60d45.1%43.4%47.1%43.7%47.1%
IV Rank15.6%4.8%23.3%15.9%22.5%
IV Percentile17.5%2.4%31.3%13.9%31.0%
Term Structure-0.2%-0.9%0.4%-0.2%-0.9%
VWIV38.7%33.7%41.2%37.6%40.9%
Skew 25d1.9%-0.6%4.6%3.7%0.6%
Skew 10d3.7%-1.5%8.8%7.3%1.3%
Call IV 25d38.1%33.9%42.0%37.1%41.0%
Put IV 25d40.1%38.0%41.6%40.8%41.6%
Bid-Ask Spread %2.031.722.912.022.03
Gamma HHI0.090.050.240.060.06
Net GEX22.5M-1.4M51.4M6.8M13.2M
Net DEX-1.17B-1.95B-261.6M-552.6M-697.3M
Net VEX-13.6M-14.3M-12.6M-12.9M-14.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.421.250.830.57
Total Volume185,556.81860,144383,985340,537150,950
Total OI2,062,748.4091,896,1502,286,1611,990,9241,960,923

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$40.16$36.0038.6%10.7%58.5%15.9%37.6%3.7%-0.2%6.8M-552.6M-12.9M0.832.02N/AN/A186,154154,383857,6971,133,227
2019-07-02$39.56$36.0035.8%9.5%56.9%6.5%34.0%3.7%-0.3%-1.4M-292.4M-13.0M1.251.96N/AN/A61,30776,522890,0281,167,799
2019-07-03$39.49$36.0035.9%9.6%55.2%6.8%33.7%4.2%-0.4%340.0K-276.2M-12.9M0.912.08N/AN/A31,43028,714901,0841,177,778
2019-07-05$39.41$39.0035.3%10.3%55.3%4.8%35.9%4.1%-0.4%-705.6K-261.6M-12.6M1.022.66N/AN/A53,65554,667907,1201,183,983
2019-07-08$40.48$39.0036.5%10.5%55.6%8.9%37.0%4.0%0.4%5.3M-449.3M-12.6M0.691.80N/AN/A84,57058,473841,7671,115,926
2019-07-09$41.25$39.0036.9%10.6%55.3%10.2%37.1%4.6%-0.1%9.4M-670.0M-12.8M0.452.91N/AN/A122,69255,713861,2381,129,745
2019-07-10$42.92$39.0036.9%10.4%56.3%10.0%37.3%3.6%-0.6%23.2M-1.20B-13.1M0.682.11N/AN/A201,109137,682906,3581,144,912
2019-07-11$43.41$40.0038.0%10.9%50.5%13.8%37.7%3.2%-0.2%30.2M-1.28B-13.4M0.451.98N/AN/A132,51359,202942,3591,194,199
2019-07-12$44.56$40.0038.4%10.9%50.7%15.2%38.5%2.5%-0.6%17.9M-1.70B-13.6M0.542.06N/AN/A182,28398,581976,1071,211,938
2019-07-15$44.50$40.0038.7%11.1%49.6%16.2%39.0%2.1%0.2%25.7M-1.46B-13.7M0.761.83N/AN/A68,49452,355977,7421,189,733
2019-07-16$43.09$40.0039.0%11.2%51.9%17.0%39.5%1.9%-0.2%15.3M-1.00B-13.6M0.782.01N/AN/A93,74873,147988,5321,202,064
2019-07-17$43.49$40.0039.4%11.3%49.7%18.6%39.6%1.7%0.1%22.5M-1.17B-13.9M1.202.10N/AN/A49,39059,0581,026,4301,221,124
2019-07-18$44.62$41.0038.7%11.1%49.5%16.1%39.2%1.4%-0.2%33.5M-1.55B-13.9M0.562.17N/AN/A102,52257,4411,029,0471,238,456
2019-07-19$45.78$41.0040.3%11.6%49.4%21.7%40.8%0.3%-0.7%51.4M-1.95B-14.0M0.421.82N/AN/A270,238113,7471,034,9281,251,233
2019-07-22$47.20$42.0040.8%11.7%46.5%23.3%41.2%-0.4%-0.0%35.0M-1.65B-14.1M0.531.81N/AN/A183,31797,719909,735986,415
2019-07-23$46.99$43.0039.7%11.4%47.1%19.5%40.3%0.5%0.2%35.7M-1.56B-14.2M0.521.96N/AN/A87,07145,218931,6051,015,888
2019-07-24$48.10$43.0040.3%11.6%45.8%21.6%41.2%-0.6%0.2%33.8M-1.86B-14.0M0.571.72N/AN/A190,603108,453923,6981,020,753
2019-07-25$47.86$43.0040.4%11.6%30.5%21.9%41.1%-0.3%-0.0%41.3M-1.81B-14.3M0.792.21N/AN/A79,65063,062976,6431,050,696
2019-07-26$47.50$43.0039.2%11.4%29.8%17.7%40.4%0.4%0.2%37.8M-1.69B-14.3M0.801.73N/AN/A86,32068,809987,5431,054,313
2019-07-29$46.82$44.0039.0%11.3%31.1%17.2%40.0%0.8%-0.4%26.1M-1.22B-14.1M0.841.91N/AN/A62,89752,804913,8751,001,573
2019-07-30$47.42$44.0039.1%11.2%29.8%17.6%39.7%0.8%-0.5%33.2M-1.41B-14.0M0.651.86N/AN/A51,71833,869930,0391,014,212
2019-07-31$45.11$44.0040.6%11.6%35.5%22.5%40.9%0.6%-0.9%13.2M-697.3M-14.0M0.572.03N/AN/A96,31454,636942,8291,018,094