MU Options History — November 2019

In November 2019, MU traded between $45.45 and $49.59. ATM implied volatility averaged 38.9%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 4.6% (HV 20d: 34.3%). Max pain ranged from $45.50 to $48.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.02.

Notable Days

  • 2019-11-15: Highest Volume — 166,554 contracts
  • 2019-11-18: Largest IV spike — 14.4% change
  • 2019-11-20: Highest IV Rank — 46.5%
  • 2019-11-29: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.24$45.45$49.59$48.34$47.53
Max Pain$47.08$45.50$48.00$45.50$47.00
ATM IV38.9%32.2%46.9%32.2%42.7%
Expected Move12.4%9.4%13.7%9.4%13.7%
HV 20d34.3%26.0%40.5%40.0%31.0%
HV 60d42.5%40.6%44.3%44.2%40.6%
IV Rank21.2%0.0%46.5%0.0%33.4%
IV Percentile21.9%0.0%56.0%0.0%40.1%
Term Structure1.3%-3.0%8.2%0.7%-1.9%
VWIV43.4%33.3%47.6%33.3%47.6%
Skew 25d4.3%3.7%5.0%3.7%4.4%
Skew 10d8.4%6.6%12.7%7.7%10.7%
Call IV 25d37.1%30.6%45.0%30.6%41.5%
Put IV 25d41.3%34.3%49.1%34.3%46.0%
Bid-Ask Spread %3.731.4213.501.642.80
Gamma HHI0.060.050.100.060.07
Net GEX-1.1M-18.9M20.3M13.2M-9.4M
Net DEX-377.2M-1.08B158.4M-811.1M-432.3M
Net VEX-12.8M-13.1M-12.5M-12.9M-12.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.491.530.991.27
Total Volume94,859.7545,650166,554102,29745,650
Total OI1,829,086.151,729,7031,911,7521,802,8611,895,471

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$48.34$45.5032.2%9.4%40.0%0.0%33.3%3.7%0.7%13.2M-811.1M-12.9M0.991.64N/AN/A51,35250,945795,2251,007,636
2019-11-04$49.59$46.0034.2%11.6%40.5%6.3%40.6%4.2%1.5%13.8M-1.08B-12.7M0.493.28N/AN/A77,97038,424772,483986,180
2019-11-05$48.81$47.0034.5%12.0%38.8%7.5%43.1%4.1%0.8%15.4M-890.2M-13.0M1.532.58N/AN/A27,19741,566804,306995,504
2019-11-06$47.75$47.0035.0%12.1%40.1%9.0%43.2%4.2%0.8%6.2M-566.3M-13.0M1.451.82N/AN/A44,52064,691810,1671,016,199
2019-11-07$48.35$47.0035.0%12.1%40.2%9.0%43.2%4.2%0.6%10.9M-739.5M-13.1M1.446.15N/AN/A47,43868,418817,0481,017,439
2019-11-08$47.00$47.0034.8%12.1%38.6%8.4%43.9%3.9%0.7%-18.9M-256.5M-13.0M1.133.29N/AN/A45,32451,227825,0261,044,950
2019-11-11$46.44$47.0034.1%12.1%38.5%6.2%42.7%4.0%8.0%-9.8M-138.8M-12.8M1.151.53N/AN/A34,96340,313793,8061,029,146
2019-11-12$46.88$47.0034.3%12.1%36.5%6.7%41.8%4.1%7.8%-6.3M-277.9M-12.9M0.746.59N/AN/A56,02341,371801,8441,040,719
2019-11-13$46.27$47.0035.0%12.4%35.5%8.9%43.3%4.3%8.2%-12.1M-84.3M-12.8M1.161.83N/AN/A34,97240,525819,5131,057,366
2019-11-14$46.78$47.0036.2%12.2%35.7%12.6%42.9%4.3%8.0%-6.9M-264.3M-12.9M0.9412.52N/AN/A33,12131,034830,5211,068,500
2019-11-15$47.55$47.0036.4%11.8%32.6%13.3%39.6%3.7%7.5%-4.5M-513.9M-12.8M0.8313.50N/AN/A90,81175,743835,7901,075,962
2019-11-18$47.76$48.0041.6%12.5%30.7%29.8%43.9%4.5%-2.2%3.0M-435.4M-12.8M0.705.98N/AN/A47,89933,680751,544978,159
2019-11-19$46.61$48.0043.6%12.8%31.8%36.1%44.3%4.2%-2.5%-2.5M-159.8M-12.7M1.041.63N/AN/A48,81050,661767,873985,736
2019-11-20$45.45$48.0046.9%13.4%33.3%46.5%46.3%4.1%-2.1%-12.0M158.4M-12.7M0.921.72N/AN/A61,16056,087782,6951,008,328
2019-11-21$45.57$48.0046.2%13.4%27.1%44.3%46.5%3.9%-3.0%-13.5M127.9M-12.6M0.891.64N/AN/A39,40934,989796,9111,024,184
2019-11-22$45.83$47.0044.7%13.1%26.0%39.6%45.4%4.5%-2.9%-15.5M64.8M-12.7M1.101.49N/AN/A38,01841,686806,6751,031,284
2019-11-25$47.41$47.0043.8%13.2%28.7%36.9%45.5%5.0%-1.5%4.5M-400.8M-12.5M0.621.42N/AN/A69,00742,585784,1571,014,751
2019-11-26$46.75$47.0043.4%13.3%28.9%35.4%45.8%4.6%-1.6%2.2M-207.8M-12.6M1.271.60N/AN/A30,89739,164805,9381,036,118
2019-11-27$48.16$47.0042.8%13.2%30.9%33.5%45.5%5.0%-1.6%20.3M-638.1M-12.8M0.751.48N/AN/A74,11555,430817,5511,049,018
2019-11-29$47.53$47.0042.7%13.7%31.0%33.4%47.6%4.4%-1.9%-9.4M-432.3M-12.6M1.272.80N/AN/A20,06825,582828,0791,067,392