MU Options History — March 2020

In March 2020, MU traded between $34.01 and $54.90. ATM implied volatility averaged 85.8%, placing in the 78.4% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded above realized volatility by 4.7% (HV 20d: 81.1%). Max pain ranged from $46.00 to $53.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.85.

Notable Days

  • 2020-03-25: Highest Volume — 241,847 contracts
  • 2020-03-16: Largest IV spike — 25.7% change
  • 2020-03-06: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 33.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.78$34.01$54.90$53.98$42.25
Max Pain$48.59$46.00$53.00$53.00$47.00
ATM IV85.8%60.0%118.2%62.6%68.0%
Expected Move24.4%15.0%33.9%16.5%20.3%
HV 20d81.1%45.4%113.3%45.4%111.8%
HV 60d58.3%40.8%73.6%40.8%73.6%
IV Rank78.4%42.5%100.0%72.7%42.5%
IV Percentile98.0%92.5%100.0%99.2%92.5%
Term Structure-2.8%-9.6%11.0%-2.7%-2.6%
VWIV83.3%55.0%116.7%57.3%69.3%
Skew 25d18.1%8.9%31.5%10.6%12.7%
Skew 10d34.8%18.1%60.8%20.8%23.2%
Call IV 25d77.5%55.2%102.6%56.9%60.8%
Put IV 25d95.6%65.3%134.1%67.5%73.4%
Bid-Ask Spread %4.082.376.873.364.45
Gamma HHI0.060.050.070.070.05
Net GEX-699.8K-9.2M24.6M16.7M-8.8M
Net DEX437.9M-951.5M1.21B-722.7M595.3M
Net VEX-10.8M-13.7M-8.0M-13.2M-9.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.371.880.590.77
Total Volume139,044.86482,832241,847123,61893,856
Total OI1,634,483.3181,426,6071,764,7891,632,8971,536,142

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$53.98$53.0062.6%16.5%45.4%72.7%57.3%10.6%-2.7%16.7M-722.7M-13.2M0.593.36N/AN/A77,92545,693795,015837,882
2020-03-03$52.20$53.0064.1%17.7%46.5%76.3%58.9%14.5%-2.1%9.5M-319.1M-13.1M0.603.70N/AN/A75,86345,871806,340845,275
2020-03-04$54.90$53.0060.0%15.0%48.9%66.7%55.0%10.1%-2.0%24.6M-951.5M-13.2M0.665.23N/AN/A82,92554,534819,637856,391
2020-03-05$53.47$50.0070.1%18.6%48.8%89.9%62.1%10.7%-3.0%17.2M-644.9M-13.7M0.712.93N/AN/A86,39861,329846,073876,504
2020-03-06$50.96$50.0075.5%20.0%49.5%100.0%68.0%14.3%-3.8%-4.6M-47.9M-13.7M0.806.87N/AN/A71,45557,473879,127885,662
2020-03-09$46.42$50.0085.6%23.2%57.8%100.0%78.2%14.5%-3.7%-6.3M567.2M-12.6M1.004.25N/AN/A80,74880,708841,081850,265
2020-03-10$47.05$50.0079.9%21.8%58.2%89.4%72.9%16.9%-3.3%-4.4M478.4M-12.3M0.703.31N/AN/A117,54582,344852,964830,483
2020-03-11$43.80$49.0088.2%24.4%62.1%100.0%82.4%22.7%-3.8%-5.0M744.4M-11.4M0.923.98N/AN/A79,14172,968887,653802,186
2020-03-12$39.61$49.00104.5%29.0%66.0%100.0%97.1%24.9%-3.8%-6.3M1.10B-10.3M1.513.99N/AN/A60,27890,789921,688820,702
2020-03-13$41.35$49.0092.2%26.3%69.6%83.4%87.0%23.4%11.0%-6.3M995.5M-10.6M0.796.00N/AN/A102,81580,755934,410812,438
2020-03-16$35.47$47.00116.0%32.6%84.5%100.0%105.9%28.6%-9.6%-5.9M1.21B-8.7M1.883.26N/AN/A37,13869,962882,635788,435
2020-03-17$37.31$47.00110.6%31.5%88.6%93.7%109.9%27.9%-6.5%-5.7M1.09B-8.9M1.303.37N/AN/A40,33652,363891,435772,511
2020-03-18$34.01$47.00118.2%33.9%89.1%100.0%116.7%31.5%-1.3%-5.6M1.18B-8.0M1.404.97N/AN/A38,77654,286896,773777,008
2020-03-19$37.07$47.00106.3%30.8%97.9%86.4%108.9%30.4%-7.4%-6.0M1.06B-8.8M0.754.57N/AN/A51,72938,934905,718777,923
2020-03-20$36.78$47.0097.1%28.5%98.0%75.9%96.0%21.2%-7.5%-9.2M1.08B-8.5M0.684.75N/AN/A69,39247,136909,098772,456
2020-03-23$37.45$47.0090.4%27.0%98.9%68.2%94.5%16.7%-2.9%-5.5M863.6M-8.4M0.493.69N/AN/A101,60749,345732,235694,372
2020-03-24$43.08$47.0082.3%25.2%112.8%58.9%88.9%15.5%-2.4%-560.5K322.5M-10.0M0.894.35N/AN/A70,89462,859742,677706,712
2020-03-25$43.17$47.0090.3%26.9%112.8%68.0%91.6%17.4%-3.3%-1.1M322.5M-10.2M0.373.68N/AN/A176,39965,448750,384737,499
2020-03-26$44.09$47.0075.3%22.5%113.3%50.8%78.0%8.9%-0.8%468.4K258.2M-10.4M0.432.37N/AN/A160,38368,472801,076764,725
2020-03-27$44.30$47.0078.0%23.4%113.3%53.9%81.3%13.6%0.8%524.4K184.5M-10.7M0.693.84N/AN/A70,48848,795823,217780,072
2020-03-30$44.39$46.0072.9%21.2%111.2%48.1%72.9%11.4%-1.8%-3.1M257.2M-10.3M0.732.78N/AN/A47,87734,955773,449740,305
2020-03-31$42.25$47.0068.0%20.3%111.8%42.5%69.3%12.7%-2.6%-8.8M595.3M-9.6M0.774.45N/AN/A52,96540,891784,628751,514