MU Options History — December 2019

In December 2019, MU traded between $45.11 and $55.41. ATM implied volatility averaged 40.1%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 5.0% (HV 20d: 35.2%). Max pain ranged from $45.00 to $48.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.92.

Notable Days

  • 2019-12-19: Highest Volume — 394,679 contracts
  • 2019-12-19: Largest IV drop — 28.0% change
  • 2019-12-03: Highest IV Rank — 46.4%
  • 2019-12-03: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.10$45.11$55.41$46.66$53.75
Max Pain$46.31$45.00$48.00$47.00$48.00
ATM IV40.1%30.9%46.8%45.0%33.8%
Expected Move11.6%8.8%15.7%15.2%9.5%
HV 20d35.2%30.7%38.8%30.7%33.8%
HV 60d40.7%35.0%44.1%40.8%35.0%
IV Rank26.7%0.0%46.4%40.5%10.2%
IV Percentile31.2%0.0%60.3%48.4%3.2%
Term Structure-0.7%-2.9%1.2%-1.1%0.0%
VWIV41.0%31.4%54.5%52.9%33.4%
Skew 25d3.6%1.7%5.5%4.3%2.6%
Skew 10d7.0%2.9%11.5%9.2%5.9%
Call IV 25d38.5%30.1%44.8%42.5%33.0%
Put IV 25d42.2%32.5%50.1%46.8%35.6%
Bid-Ask Spread %1.481.122.262.261.61
Gamma HHI0.100.050.490.050.09
Net GEX18.7M-16.9M98.1M-5.9M12.4M
Net DEX-1.23B-2.52B296.1M-145.8M-1.41B
Net VEX-11.7M-12.6M-10.5M-12.4M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.541.451.140.67
Total Volume155,437.85757,596394,67975,42773,727
Total OI1,978,212.0951,845,0212,251,9461,845,0211,924,358

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$46.66$47.0045.0%15.2%30.7%40.5%52.9%4.3%-1.1%-5.9M-145.8M-12.4M1.142.26N/AN/A35,30140,126798,5091,046,512
2019-12-03$45.11$47.0046.8%15.7%30.9%46.4%54.5%4.8%-1.1%-16.9M296.1M-12.3M1.291.61N/AN/A59,95577,199811,3331,066,511
2019-12-04$46.50$46.5045.4%15.6%33.0%41.8%53.9%5.3%-1.2%-10.4M-111.5M-12.6M0.921.71N/AN/A41,48138,003835,6091,092,960
2019-12-05$46.59$45.0044.0%12.1%32.2%37.5%43.0%4.8%-1.0%-11.4M-153.1M-12.4M1.261.32N/AN/A30,09237,909848,7321,102,311
2019-12-06$48.10$45.0043.7%12.0%34.0%36.5%43.0%5.1%-1.0%24.4M-663.0M-12.5M1.001.29N/AN/A58,20358,006855,1451,112,678
2019-12-09$46.59$45.0044.3%12.1%34.4%38.3%43.9%5.2%-1.5%-7.0M-115.9M-12.2M1.121.26N/AN/A43,96449,389824,8381,092,837
2019-12-10$47.41$45.0045.6%12.6%34.7%42.4%43.8%5.5%-1.5%-1.8M-359.1M-12.3M1.021.48N/AN/A41,55842,424836,1101,102,192
2019-12-11$49.18$45.0045.8%12.6%36.8%43.2%45.3%5.4%-1.8%15.2M-907.5M-12.2M1.301.40N/AN/A61,04579,614847,4491,115,907
2019-12-12$50.78$45.0046.7%13.0%37.8%45.8%44.9%5.4%-1.6%23.6M-1.38B-12.2M0.581.34N/AN/A132,65077,456859,5121,143,794
2019-12-13$51.27$45.0043.8%12.0%37.7%36.7%42.4%4.4%-2.9%23.9M-1.51B-12.2M0.581.51N/AN/A108,14362,498881,6691,174,123
2019-12-16$52.92$46.0044.4%12.6%38.8%38.7%43.9%3.4%-1.8%20.0M-1.82B-11.5M0.631.40N/AN/A171,894108,817844,8151,149,973
2019-12-17$52.97$46.0043.1%12.3%38.8%34.6%42.8%2.4%-1.6%26.3M-1.88B-11.7M0.901.19N/AN/A88,22679,334886,7531,163,453
2019-12-18$53.00$46.0044.9%12.9%37.3%40.3%45.3%1.7%-1.2%25.0M-1.88B-11.8M0.941.44N/AN/A203,058190,489911,6571,178,389
2019-12-19$54.57$47.0032.3%9.3%36.1%0.5%32.9%2.0%0.4%71.0M-2.52B-11.0M0.701.13N/AN/A232,550162,129982,6381,251,242
2019-12-20$54.85$47.0030.9%8.8%36.1%0.0%31.4%2.4%0.6%98.1M-2.49B-10.8M0.541.12N/AN/A153,74683,045986,3581,265,588
2019-12-23$55.41$47.0031.6%8.9%36.0%2.0%31.6%2.0%0.7%33.5M-2.04B-10.5M0.591.53N/AN/A85,80450,515789,7921,084,711
2019-12-24$55.27$47.0031.3%9.0%35.1%1.1%32.3%2.1%1.2%36.7M-1.99B-10.7M0.611.64N/AN/A35,86121,735810,9091,098,828
2019-12-26$55.06$47.0032.6%9.3%34.4%5.8%32.9%2.3%1.0%34.8M-1.94B-10.6M1.451.66N/AN/A47,21568,315821,6131,100,885
2019-12-27$54.00$48.0033.3%9.4%34.8%8.3%33.1%2.2%1.0%-4.4M-1.53B-11.0M1.021.70N/AN/A59,63060,706823,8561,131,127
2019-12-30$53.17$48.0033.6%9.4%34.9%9.2%33.3%2.6%0.1%5.9M-1.26B-11.1M1.051.58N/AN/A54,72657,657785,3701,101,408
2019-12-31$53.75$48.0033.8%9.5%33.8%10.2%33.4%2.6%0.0%12.4M-1.41B-11.3M0.671.61N/AN/A44,19329,534798,8201,125,538