MU Options History — January 2020

In January 2020, MU traded between $53.00 and $59.25. ATM implied volatility averaged 36.1%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded below realized volatility by 3.3% (HV 20d: 39.4%). Max pain ranged from $48.00 to $57.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.48.

Notable Days

  • 2020-01-07: Highest Volume — 401,443 contracts
  • 2020-01-27: Largest IV spike — 8.7% change
  • 2020-01-31: Highest IV Rank — 37.6%
  • 2020-01-31: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.65$53.00$59.25$55.22$53.00
Max Pain$55.52$48.00$57.50$48.00$57.50
ATM IV36.1%32.6%41.6%34.1%41.6%
Expected Move10.3%9.1%12.1%9.6%12.1%
HV 20d39.4%30.6%44.3%30.8%44.3%
HV 60d36.2%34.5%38.6%35.2%36.8%
IV Rank18.1%6.0%37.6%11.1%37.6%
IV Percentile16.3%2.4%46.4%4.0%46.4%
Term Structure0.1%-1.1%1.4%-0.2%0.3%
VWIV36.0%32.6%41.8%34.1%41.8%
Skew 25d2.5%1.2%4.3%2.2%4.3%
Skew 10d5.1%2.4%9.4%4.7%9.4%
Call IV 25d35.2%32.5%39.5%33.4%39.5%
Put IV 25d37.7%34.1%43.8%35.6%43.8%
Bid-Ask Spread %2.041.352.561.802.14
Gamma HHI0.110.070.400.100.07
Net GEX43.4M9.4M125.2M31.4M9.4M
Net DEX-1.84B-2.75B-405.9M-1.88B-405.9M
Net VEX-12.0M-12.7M-11.0M-11.0M-12.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.230.800.320.56
Total Volume147,615.85767,112401,443150,427160,757
Total OI1,833,519.6671,397,1512,259,0251,949,5561,573,324

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$55.22$48.0034.1%9.6%30.8%11.1%34.1%2.2%-0.2%31.4M-1.88B-11.0M0.321.80N/AN/A113,89936,528815,4871,134,069
2020-01-03$54.66$48.0035.5%9.7%30.6%16.3%34.7%2.3%-0.3%36.6M-1.77B-11.5M0.801.66N/AN/A54,05143,260876,8791,142,072
2020-01-06$53.50$55.0036.1%10.3%32.3%18.1%35.9%2.9%0.4%16.3M-1.41B-11.5M0.761.93N/AN/A40,62830,998860,4731,115,361
2020-01-07$58.20$55.0037.0%10.5%41.7%21.3%36.8%2.1%0.1%44.7M-2.73B-11.1M0.311.85N/AN/A305,67295,771871,2051,128,291
2020-01-08$57.82$55.0035.2%10.1%39.2%14.9%35.4%2.2%0.3%51.9M-2.72B-11.4M0.632.21N/AN/A94,80460,076932,5501,156,415
2020-01-09$57.23$55.0035.4%10.0%39.8%15.8%34.9%2.2%0.3%52.5M-2.53B-11.7M0.391.73N/AN/A86,61634,176950,8031,172,615
2020-01-10$56.66$55.0034.2%9.8%39.0%11.5%34.3%2.5%0.4%37.1M-2.35B-11.7M0.552.56N/AN/A95,42552,354973,4621,178,749
2020-01-13$57.31$55.0034.8%9.8%38.0%13.6%34.6%2.5%-0.7%54.1M-2.49B-11.5M0.372.26N/AN/A77,64129,060948,8541,147,288
2020-01-14$57.59$55.0035.5%9.9%37.9%16.0%34.9%2.2%-0.8%59.7M-2.57B-11.7M0.332.08N/AN/A131,08842,611963,3501,157,045
2020-01-15$55.92$55.0035.8%10.1%38.6%17.0%34.9%1.7%-0.4%39.9M-2.08B-12.2M0.521.83N/AN/A84,61144,1681,020,7611,175,275
2020-01-16$57.75$55.0033.4%9.3%40.0%8.7%32.6%2.1%-1.0%76.2M-2.75B-12.1M0.411.46N/AN/A141,16258,3411,038,9481,191,830
2020-01-17$57.49$57.5032.6%9.1%40.1%6.0%32.6%1.7%-1.1%125.2M-2.62B-12.2M0.461.35N/AN/A91,85142,2761,051,9161,207,109
2020-01-21$58.92$57.5034.5%9.9%39.7%12.6%34.9%1.9%0.2%46.5M-1.71B-12.0M0.522.31N/AN/A85,47244,236675,739721,412
2020-01-22$59.19$57.5035.2%10.1%39.7%15.2%35.4%1.3%-0.1%50.2M-1.78B-12.2M0.282.55N/AN/A128,56335,888690,134735,992
2020-01-23$59.25$57.5035.8%10.3%39.7%17.1%35.7%1.8%-0.1%58.3M-1.81B-12.3M0.502.56N/AN/A83,48641,344720,013745,888
2020-01-24$57.64$57.5036.6%10.5%41.1%20.2%37.1%1.2%-0.3%36.1M-1.35B-12.5M0.512.30N/AN/A105,52953,676736,017760,233
2020-01-27$55.52$57.5039.8%11.5%43.4%31.4%40.2%4.1%1.1%20.1M-899.1M-12.6M0.722.44N/AN/A71,02350,894713,646731,537
2020-01-28$56.66$57.5037.5%10.9%43.3%23.2%38.5%3.5%1.2%31.6M-1.14B-12.5M0.322.10N/AN/A50,69316,419732,046747,417
2020-01-29$55.42$57.5038.5%11.2%43.7%26.5%38.7%3.8%0.7%20.8M-863.6M-12.5M0.511.92N/AN/A45,17522,874744,655753,094
2020-01-30$54.75$57.5038.6%11.0%43.9%27.2%38.6%3.8%1.4%12.7M-697.8M-12.4M0.231.85N/AN/A176,85639,981751,924760,035
2020-01-31$53.00$57.5041.6%12.1%44.3%37.6%41.8%4.3%0.3%9.4M-405.9M-12.7M0.562.14N/AN/A103,11957,638799,409773,915