MU Options History — February 2020

In February 2020, MU traded between $51.18 and $59.98. ATM implied volatility averaged 45.7%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 5.9% (HV 20d: 39.8%). Max pain ranged from $53.00 to $57.50. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.53.

Notable Days

  • 2020-02-12: Highest Volume — 297,040 contracts
  • 2020-02-24: Largest IV spike — 17.9% change
  • 2020-02-25: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.25$51.18$59.98$53.89$51.25
Max Pain$55.50$53.00$57.50$57.50$53.00
ATM IV45.7%37.6%74.5%38.4%74.5%
Expected Move12.7%10.7%20.8%10.7%20.8%
HV 20d39.8%34.4%45.2%44.7%42.6%
HV 60d38.3%36.7%40.7%36.7%40.2%
IV Rank47.6%23.4%100.0%26.4%100.0%
IV Percentile54.6%27.0%100.0%30.6%100.0%
Term Structure0.6%-5.3%8.7%-0.2%-5.3%
VWIV44.5%37.5%71.3%38.4%71.3%
Skew 25d4.7%2.4%14.5%4.5%14.5%
Skew 10d9.1%4.8%19.1%9.4%19.1%
Call IV 25d43.9%36.9%68.8%37.1%68.8%
Put IV 25d48.6%39.6%83.3%41.6%83.3%
Bid-Ask Spread %2.411.544.201.874.20
Gamma HHI0.100.050.160.070.06
Net GEX33.5M-431.5K64.8M12.6M2.3M
Net DEX-1.15B-2.06B-44.2M-655.9M-123.1M
Net VEX-12.5M-13.4M-12.1M-12.7M-13.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.310.760.640.61
Total Volume157,856.89590,200297,04090,200189,082
Total OI1,592,933.5261,509,7101,684,3451,509,7101,684,345

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$53.89$57.5038.4%10.7%44.7%26.4%38.4%4.5%-0.2%12.6M-655.9M-12.7M0.641.87N/AN/A55,05835,142754,900754,810
2020-02-04$55.50$57.5038.9%10.8%45.2%28.2%38.0%3.8%-0.3%26.9M-1.05B-12.6M0.502.46N/AN/A60,40930,373767,163761,723
2020-02-05$56.85$57.5038.6%10.7%34.4%27.0%38.1%3.8%-0.5%39.2M-1.39B-12.5M0.762.22N/AN/A56,64342,968775,697769,649
2020-02-06$58.69$55.0039.0%12.9%36.2%28.4%44.8%3.0%0.1%57.4M-1.88B-12.5M0.313.71N/AN/A193,47260,844784,802778,443
2020-02-07$56.97$55.0039.9%12.4%37.7%31.8%43.3%3.2%-0.2%39.5M-1.29B-12.6M0.733.36N/AN/A72,88353,308794,475798,760
2020-02-10$57.17$55.0039.9%11.4%37.5%31.6%39.8%3.2%0.0%33.8M-1.32B-12.4M0.541.58N/AN/A67,42536,696750,004786,427
2020-02-11$57.15$55.0039.9%11.3%37.3%31.5%38.8%3.6%-0.7%37.2M-1.32B-12.4M0.352.05N/AN/A134,66147,212766,288797,764
2020-02-12$59.47$55.0039.3%11.0%39.9%29.6%38.7%2.4%-0.8%60.2M-2.00B-12.4M0.393.30N/AN/A213,20283,838796,904808,309
2020-02-13$59.20$55.0038.6%10.9%38.2%26.9%38.8%2.7%-0.5%64.3M-1.89B-12.5M0.572.25N/AN/A71,16240,766827,764828,445
2020-02-14$58.41$55.0037.6%10.8%37.0%23.4%37.5%2.7%-0.1%52.5M-1.62B-12.4M0.451.76N/AN/A91,55141,053832,719837,656
2020-02-18$57.81$55.0038.9%11.1%37.2%28.0%39.2%2.6%6.9%38.9M-1.39B-12.2M0.741.94N/AN/A58,44843,107781,081810,292
2020-02-19$59.98$55.0038.1%10.9%38.5%25.4%38.7%2.4%8.4%64.8M-2.06B-12.1M0.381.54N/AN/A104,52439,640795,001822,846
2020-02-20$58.94$57.5040.9%11.3%39.0%35.1%40.0%2.9%8.7%56.5M-1.74B-12.2M0.562.25N/AN/A78,11143,992805,246834,928
2020-02-21$56.88$57.5045.5%12.3%40.9%51.4%43.1%3.8%7.3%32.2M-1.06B-12.3M0.562.44N/AN/A120,54567,666808,487844,133
2020-02-24$55.09$55.0053.6%13.9%41.3%80.1%48.4%5.4%-2.1%14.3M-739.2M-12.6M0.381.65N/AN/A142,69053,658727,455785,719
2020-02-25$52.16$55.0060.8%15.9%43.7%100.0%53.7%8.0%-3.0%2.0M-189.7M-12.6M0.622.85N/AN/A128,20779,251752,541808,645
2020-02-26$52.17$55.0060.9%15.6%42.8%100.0%53.8%7.5%-2.4%-431.5K-166.4M-12.7M0.531.64N/AN/A102,12554,211737,412827,101
2020-02-27$51.18$54.0065.6%17.3%42.7%100.0%60.2%8.9%-4.3%1.5M-44.2M-13.0M0.482.70N/AN/A138,57766,781820,719847,084
2020-02-28$51.25$53.0074.5%20.8%42.6%100.0%71.3%14.5%-5.3%2.3M-123.1M-13.4M0.614.20N/AN/A117,26371,819828,540855,805