MU Options History — April 2020

In April 2020, MU traded between $39.64 and $49.99. ATM implied volatility averaged 58.9%, placing in the 32.0% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded below realized volatility by 31.3% (HV 20d: 90.2%). Max pain ranged from $40.00 to $46.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2020-04-29: Highest Volume — 162,079 contracts
  • 2020-04-06: Largest IV drop — 16.9% change
  • 2020-04-01: Highest IV Rank — 52.0%
  • 2020-04-01: Largest Expected Move — 23.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.09$39.64$49.99$39.64$47.75
Max Pain$42.48$40.00$46.00$46.00$43.50
ATM IV58.9%47.0%76.3%76.3%52.0%
Expected Move17.1%14.0%23.1%23.1%15.4%
HV 20d90.2%69.2%116.6%110.9%71.4%
HV 60d77.9%72.5%81.6%74.5%81.6%
IV Rank32.0%18.4%52.0%52.0%24.2%
IV Percentile84.7%65.1%94.4%94.4%74.6%
Term Structure-0.6%-2.0%1.1%-1.9%-0.3%
VWIV60.2%50.8%79.7%79.7%52.8%
Skew 25d12.0%7.0%17.8%13.8%8.7%
Skew 10d22.7%15.0%28.6%25.5%16.8%
Call IV 25d53.4%44.0%69.9%69.9%47.7%
Put IV 25d65.5%51.0%83.8%83.8%56.4%
Bid-Ask Spread %4.112.758.445.353.43
Gamma HHI0.060.040.180.060.05
Net GEX-2.6M-13.0M11.3M-12.1M3.7M
Net DEX134.4M-656.5M905.3M905.3M-282.4M
Net VEX-9.5M-10.3M-8.8M-8.9M-9.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.451.320.580.76
Total Volume104,486.66756,590162,07996,249154,467
Total OI1,422,4721,139,1901,618,8301,559,7511,263,124

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$39.64$46.0076.3%23.1%110.9%52.0%79.7%13.8%-1.9%-12.1M905.3M-8.9M0.585.35N/AN/A61,01935,230795,164764,587
2020-04-02$40.73$40.0072.1%20.1%111.9%47.1%70.0%17.8%-0.0%-11.5M798.2M-9.1M0.763.29N/AN/A47,93636,668806,959770,050
2020-04-03$40.86$40.0068.6%19.6%111.3%43.1%68.1%12.5%-1.0%-13.0M798.6M-9.1M0.992.75N/AN/A49,69349,349812,203774,870
2020-04-06$46.24$42.5057.0%16.6%116.5%29.8%57.2%10.1%0.6%-3.0M15.4M-10.0M0.614.40N/AN/A82,37650,449770,526751,686
2020-04-07$47.14$42.5058.7%16.6%116.6%31.8%60.5%17.1%-1.5%213.4K-159.6M-10.2M0.968.44N/AN/A55,41753,271779,076764,205
2020-04-08$48.27$42.5055.6%16.2%113.7%28.3%56.5%12.6%0.6%3.4M-365.2M-10.3M1.024.28N/AN/A42,69443,356788,880772,041
2020-04-09$46.09$42.5060.5%17.2%108.6%33.9%60.6%14.0%-0.8%-6.1M57.4M-10.0M1.325.84N/AN/A59,27478,096798,108783,030
2020-04-13$46.24$42.5059.9%17.2%107.8%33.2%60.4%12.4%-0.8%-5.4M56.6M-9.7M1.035.87N/AN/A38,79340,091784,448760,352
2020-04-14$47.59$42.5055.4%15.9%90.1%28.0%57.9%12.3%0.3%-1.1M-195.3M-9.9M0.564.87N/AN/A56,67231,973795,020773,067
2020-04-15$46.58$42.5057.3%16.4%89.9%30.2%61.4%13.7%-2.0%-5.0M11.1M-9.8M0.974.90N/AN/A28,73927,851808,747785,594
2020-04-16$45.38$42.5060.5%17.4%82.5%33.9%61.5%12.2%-1.4%-10.4M239.5M-9.5M0.603.74N/AN/A57,55034,262812,728789,628
2020-04-17$45.82$42.5058.6%17.0%78.0%31.7%58.4%12.6%-1.8%11.3M135.6M-9.5M0.884.00N/AN/A44,25038,888822,709796,121
2020-04-20$43.50$42.5062.5%18.5%80.9%36.1%64.6%11.1%-0.4%-5.4M304.4M-9.1M0.813.46N/AN/A48,59739,525519,475619,715
2020-04-21$41.59$42.5065.7%19.5%83.0%39.9%65.7%13.7%-1.8%-7.7M505.1M-8.8M0.923.34N/AN/A69,61163,743535,025634,781
2020-04-22$44.15$42.5059.0%17.1%69.5%32.2%62.2%11.0%-0.9%-2.8M196.1M-9.5M1.243.08N/AN/A56,44369,837564,650669,554
2020-04-23$43.98$42.5058.5%16.9%69.5%31.6%59.5%11.8%-1.1%-2.3M233.6M-9.3M0.452.95N/AN/A92,11741,370577,642680,955
2020-04-24$44.30$42.5052.9%14.9%69.2%25.2%53.3%9.8%-0.8%4.3M170.2M-9.3M0.942.82N/AN/A50,35847,150595,470686,207
2020-04-27$45.32$42.5049.7%14.2%69.6%21.5%51.1%9.8%0.6%-1.2M66.0M-9.3M0.512.92N/AN/A40,08420,293551,364651,634
2020-04-28$45.72$42.5049.1%14.7%69.7%20.9%50.8%9.1%0.7%2.1M-10.6M-9.3M0.833.25N/AN/A51,71342,936564,880657,338
2020-04-29$49.99$42.5047.0%14.0%73.5%18.4%51.3%7.0%1.1%8.0M-656.5M-9.7M0.693.31N/AN/A95,75466,325571,404668,895
2020-04-30$47.75$43.5052.0%15.4%71.4%24.2%52.8%8.7%-0.3%3.7M-282.4M-9.7M0.763.43N/AN/A87,93566,532580,698682,426