MU Options History — August 2019

In August 2019, MU traded between $41.76 and $45.24. ATM implied volatility averaged 46.6%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 4.9% (HV 20d: 41.8%). Max pain ranged from $41.00 to $44.50. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.89.

Notable Days

  • 2019-08-13: Highest Volume — 196,718 contracts
  • 2019-08-05: Largest IV spike — 14.3% change
  • 2019-08-27: Highest IV Rank — 59.3%
  • 2019-08-14: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.33$41.76$45.24$43.78$45.24
Max Pain$42.23$41.00$44.50$44.00$43.00
ATM IV46.6%42.1%52.2%42.5%50.3%
Expected Move12.8%11.6%14.2%12.3%11.6%
HV 20d41.8%37.6%45.1%37.7%43.2%
HV 60d46.2%45.4%47.4%46.3%45.4%
IV Rank41.2%23.8%59.3%28.8%52.7%
IV Percentile49.9%30.2%73.0%36.9%63.9%
Term Structure0.9%-1.4%7.4%-0.8%-1.4%
VWIV45.0%40.4%49.4%43.9%40.4%
Skew 25d6.0%2.7%7.3%2.7%6.3%
Skew 10d11.0%6.5%14.8%6.5%12.7%
Call IV 25d44.1%40.0%49.9%41.6%47.5%
Put IV 25d50.1%44.3%57.2%44.3%53.9%
Bid-Ask Spread %2.371.646.383.282.07
Gamma HHI0.050.040.090.050.07
Net GEX5.3M-15.3M26.3M1.2M24.9M
Net DEX-274.9M-846.6M197.2M-271.9M-846.6M
Net VEX-13.6M-14.0M-13.3M-14.0M-13.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.411.520.950.93
Total Volume115,468.534,464196,718187,146148,718
Total OI1,913,205.3641,756,6652,020,3291,994,7121,942,331

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$43.78$44.0042.5%12.3%37.7%28.8%43.9%2.7%-0.8%1.2M-271.9M-14.0M0.953.28N/AN/A96,15690,990962,6951,032,017
2019-08-02$44.10$44.5043.3%12.6%37.6%31.6%44.6%5.2%-1.0%-1.4M-345.4M-14.0M1.502.31N/AN/A60,13290,053966,9501,039,872
2019-08-05$41.92$42.0049.5%13.9%41.7%52.3%48.9%6.8%-0.5%-6.1M155.8M-13.6M0.912.38N/AN/A90,10482,379878,475998,261
2019-08-06$42.48$42.0046.3%13.2%41.4%41.6%46.3%7.0%-0.0%-2.7M4.6M-13.6M0.831.87N/AN/A46,44838,353908,3241,009,683
2019-08-07$41.82$42.0048.3%13.4%39.2%48.2%46.4%6.1%-1.4%-7.3M191.2M-13.5M1.522.34N/AN/A75,476114,825920,0591,021,249
2019-08-08$42.61$42.0045.5%12.8%39.6%38.8%45.0%4.7%-0.4%-2.8M-73.4M-13.6M0.892.23N/AN/A45,19840,063948,3461,033,747
2019-08-09$41.76$42.0045.1%13.4%38.8%37.4%46.7%5.5%0.2%-15.3M197.2M-13.4M0.702.51N/AN/A66,90947,058957,6831,045,116
2019-08-12$42.34$41.0046.2%13.7%39.3%41.2%48.9%6.2%1.7%-1.1M-31.0M-13.5M0.652.05N/AN/A49,03231,861921,5981,004,945
2019-08-13$44.05$41.0044.7%13.0%40.4%35.9%46.1%5.6%0.5%10.0M-520.9M-13.6M0.451.64N/AN/A135,21561,503933,2391,012,958
2019-08-14$42.12$41.0048.4%14.2%43.4%48.6%49.1%6.3%0.9%-3.2M52.8M-13.4M1.002.07N/AN/A47,52847,434957,9831,026,551
2019-08-15$42.30$41.0048.6%14.0%42.2%46.8%49.4%6.4%0.2%-3.6M13.4M-13.3M0.562.01N/AN/A60,39633,965961,3241,030,597
2019-08-16$43.75$41.0044.1%12.6%43.0%30.9%46.0%6.2%-0.5%26.3M-477.7M-13.4M0.411.94N/AN/A97,12339,708980,0731,040,256
2019-08-19$45.08$42.0042.1%12.2%43.0%23.8%43.4%5.5%5.0%16.9M-755.6M-13.4M0.721.87N/AN/A64,58746,475830,689925,976
2019-08-20$44.36$42.0043.0%12.4%43.2%27.1%43.2%6.0%4.6%15.7M-569.9M-13.4M0.482.12N/AN/A50,36723,969850,444945,477
2019-08-21$44.14$42.0042.6%12.2%42.1%25.6%42.7%4.5%4.9%14.9M-539.0M-13.6M0.692.27N/AN/A39,48727,201873,836951,785
2019-08-22$44.91$42.0043.3%12.2%42.8%28.0%43.4%6.0%4.8%25.8M-766.6M-13.8M1.116.38N/AN/A51,34056,814890,406962,507
2019-08-23$43.01$42.5046.6%12.6%45.1%39.6%43.4%6.8%7.4%-2.8M-187.6M-13.7M1.063.04N/AN/A61,72465,503905,641986,778
2019-08-26$43.24$43.0050.4%12.5%45.1%53.2%43.7%7.3%-1.3%3.6M-265.8M-13.6M0.671.83N/AN/A20,67213,792856,271968,805
2019-08-27$42.47$43.0052.2%12.5%44.9%59.3%44.6%7.3%-1.2%-461.5K-73.6M-13.3M1.032.08N/AN/A38,81339,823868,633980,126
2019-08-28$43.10$43.0052.1%12.1%42.2%59.0%43.5%7.2%-1.0%4.6M-239.7M-13.4M1.312.03N/AN/A35,13846,187878,771988,556
2019-08-29$44.73$43.0050.9%11.8%43.1%54.9%41.3%6.8%-1.4%20.3M-698.2M-13.6M1.141.90N/AN/A56,85364,935891,4011,000,084
2019-08-30$45.24$43.0050.3%11.6%43.2%52.7%40.4%6.3%-1.4%24.9M-846.6M-13.8M0.932.07N/AN/A77,06371,655908,4361,033,895