MU Options History — September 2019

In September 2019, MU traded between $42.81 and $50.85. ATM implied volatility averaged 46.9%, placing in the 40.9% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 9.9% (HV 20d: 37.0%). Max pain ranged from $42.00 to $44.50. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.92.

Notable Days

  • 2019-09-27: Highest Volume — 506,007 contracts
  • 2019-09-27: Largest IV drop — 17.0% change
  • 2019-09-03: Highest IV Rank — 52.9%
  • 2019-09-26: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.61$42.81$50.85$45.09$42.81
Max Pain$43.00$42.00$44.50$43.00$44.50
ATM IV46.9%40.3%50.3%50.3%40.3%
Expected Move13.1%11.2%15.3%12.1%11.2%
HV 20d37.0%27.7%52.9%38.7%52.7%
HV 60d42.2%36.1%46.3%45.4%44.5%
IV Rank40.9%17.6%52.9%52.9%17.6%
IV Percentile50.6%21.4%67.5%64.3%21.4%
Term Structure-1.1%-1.8%0.6%-1.5%-0.2%
VWIV46.0%39.3%54.2%42.7%39.3%
Skew 25d4.9%4.2%6.5%6.5%5.2%
Skew 10d9.6%7.7%12.8%12.8%9.0%
Call IV 25d44.6%38.4%47.6%47.0%38.4%
Put IV 25d49.5%43.5%53.7%53.5%43.5%
Bid-Ask Spread %1.861.402.682.682.31
Gamma HHI0.070.050.170.060.06
Net GEX18.5M-28.1M48.8M16.7M-16.8M
Net DEX-1.30B-2.01B822.3M-692.6M518.5M
Net VEX-13.5M-13.9M-12.8M-13.8M-12.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.571.681.040.80
Total Volume145,634.9557,377506,00779,517129,221
Total OI1,958,521.951,755,8072,086,9731,908,2061,885,723

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$45.09$43.0050.3%12.1%38.7%52.9%42.7%6.5%-1.5%16.7M-692.6M-13.8M1.042.68N/AN/A38,95440,563883,7481,024,458
2019-09-04$46.91$43.0050.3%11.5%40.6%52.6%40.8%6.2%-1.7%35.5M-1.25B-13.8M0.931.89N/AN/A103,74296,069896,2441,044,422
2019-09-05$48.98$42.0049.3%13.4%42.0%49.1%47.3%5.3%-1.5%37.9M-1.86B-13.6M0.671.40N/AN/A111,67574,570911,9641,075,972
2019-09-06$48.95$42.0046.9%12.8%41.9%40.8%44.6%4.7%-1.4%48.8M-1.83B-13.4M0.831.91N/AN/A69,18357,168922,1741,100,840
2019-09-09$49.10$42.0047.7%13.1%40.7%43.6%46.2%4.5%-1.8%25.6M-1.64B-13.4M0.831.70N/AN/A57,98348,245879,7371,046,650
2019-09-10$49.22$42.0047.4%13.1%40.7%42.6%46.4%4.7%-1.4%27.4M-1.68B-13.4M1.681.97N/AN/A36,71261,747892,9581,059,471
2019-09-11$50.34$42.0046.1%12.8%39.3%37.8%44.2%4.2%-1.3%30.4M-1.95B-13.5M0.611.66N/AN/A118,45272,278899,4441,091,397
2019-09-12$50.49$42.0045.4%12.6%34.4%35.5%44.1%4.7%-1.6%33.3M-2.01B-13.5M0.641.42N/AN/A71,09345,155921,6921,113,596
2019-09-13$50.53$43.0045.2%12.6%34.5%34.7%44.4%4.3%-1.6%37.1M-2.01B-13.6M0.601.70N/AN/A51,22830,659929,9531,130,926
2019-09-16$50.09$43.0047.0%13.3%33.7%41.0%46.4%4.6%-0.8%23.1M-1.80B-13.6M0.771.75N/AN/A32,39624,981904,0301,107,035
2019-09-17$50.85$43.0046.6%13.3%32.7%39.8%46.2%4.4%-1.0%23.2M-2.01B-13.5M0.571.64N/AN/A38,60321,822906,4651,112,712
2019-09-18$50.40$43.0046.7%13.4%32.2%40.0%46.8%4.4%0.1%22.9M-1.88B-13.5M0.851.80N/AN/A42,19435,690914,2171,120,060
2019-09-19$49.91$43.0046.3%13.3%32.4%38.7%46.5%4.5%-0.5%24.5M-1.77B-13.5M1.082.21N/AN/A46,62950,148923,9391,124,864
2019-09-20$49.20$43.0045.5%13.2%32.9%36.0%45.9%4.2%-1.4%19.8M-1.55B-13.6M1.342.30N/AN/A66,16088,777935,9921,150,981
2019-09-23$49.74$43.0047.1%13.9%27.7%41.4%48.7%4.6%-0.7%4.7M-1.00B-13.5M0.771.75N/AN/A54,70342,129761,610994,197
2019-09-24$48.44$44.0049.2%14.7%30.2%48.9%51.3%4.5%-1.1%105.5K-689.6M-13.9M0.791.65N/AN/A64,88451,301783,9801,021,430
2019-09-25$49.55$44.0049.3%14.9%29.4%49.2%54.2%5.1%-1.3%4.6M-958.0M-13.8M1.271.59N/AN/A55,27170,203792,8151,036,691
2019-09-26$48.62$44.0050.2%15.3%30.7%52.4%53.7%6.0%-1.2%-232.2K-710.6M-13.7M1.311.91N/AN/A132,738173,366806,4921,065,255
2019-09-27$43.07$44.5041.7%11.6%52.9%22.4%40.1%5.5%0.6%-28.1M822.3M-12.8M1.131.89N/AN/A237,107268,900860,7751,135,530
2019-09-30$42.81$44.5040.3%11.2%52.7%17.6%39.3%5.2%-0.2%-16.8M518.5M-12.8M0.802.31N/AN/A71,98057,241822,7291,062,994