MU Options History — June 2020

In June 2020, MU traded between $46.52 and $53.69. ATM implied volatility averaged 56.7%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded below realized volatility by 0.8% (HV 20d: 57.5%). Max pain ranged from $46.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.49.

Notable Days

  • 2020-06-30: Highest Volume — 269,466 contracts
  • 2020-06-30: Largest IV drop — 18.3% change
  • 2020-06-12: Highest IV Rank — 36.4%
  • 2020-06-24: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.13$46.52$53.69$46.52$51.59
Max Pain$49.45$46.00$50.00$46.00$50.00
ATM IV56.7%45.6%62.7%56.0%45.6%
Expected Move16.1%13.0%18.1%14.5%13.0%
HV 20d57.5%46.5%64.3%59.0%50.8%
HV 60d70.5%60.3%84.5%84.5%61.4%
IV Rank29.5%16.8%36.4%28.7%16.8%
IV Percentile80.6%52.0%89.7%82.5%52.0%
Term Structure-1.9%-5.8%0.0%-5.8%0.0%
VWIV55.7%45.4%62.7%50.4%45.4%
Skew 25d5.4%1.1%11.9%6.5%3.0%
Skew 10d11.1%5.5%20.0%12.4%7.6%
Call IV 25d54.4%44.1%60.8%51.1%44.1%
Put IV 25d59.8%47.1%70.1%57.7%47.1%
Bid-Ask Spread %4.702.3611.522.392.97
Gamma HHI0.060.040.070.050.06
Net GEX12.8M1.6M32.1M2.0M32.1M
Net DEX-564.4M-1.58B-11.0M-11.0M-686.6M
Net VEX-9.7M-10.1M-9.3M-9.3M-9.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.300.690.380.47
Total Volume141,567.95572,365269,46696,547269,466
Total OI1,390,270.9091,092,3751,551,8251,364,7691,283,214

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$46.52$46.0056.0%14.5%59.0%28.7%50.4%6.5%-5.8%2.0M-11.0M-9.3M0.382.39N/AN/A70,18026,367649,523715,246
2020-06-02$46.52$46.0052.3%14.1%58.6%24.5%49.4%9.1%-0.6%3.8M-25.4M-9.3M0.652.62N/AN/A73,75147,923672,095725,480
2020-06-03$49.07$46.0056.3%14.0%61.1%29.1%49.9%8.6%-4.1%21.1M-594.2M-10.0M0.502.36N/AN/A150,37475,192701,789753,064
2020-06-04$51.03$50.0052.8%14.5%62.2%25.1%50.3%2.3%-3.0%25.8M-1.02B-10.0M0.452.88N/AN/A180,27781,886708,344763,938
2020-06-05$53.69$50.0050.4%14.0%64.3%22.3%48.7%1.1%-2.2%23.9M-1.58B-10.0M0.403.68N/AN/A167,58466,574721,386770,581
2020-06-08$53.55$50.0053.9%15.0%63.6%26.3%51.8%6.3%-0.5%19.5M-1.27B-9.9M0.522.99N/AN/A85,17244,638679,185752,058
2020-06-09$53.07$50.0053.9%15.1%63.8%26.3%51.7%5.6%-0.9%21.0M-1.20B-10.0M0.452.95N/AN/A50,05922,306708,484768,824
2020-06-10$52.72$50.0055.6%15.3%60.5%28.3%53.4%4.4%-1.5%21.5M-1.14B-10.1M0.522.93N/AN/A55,53628,775716,890771,877
2020-06-11$48.78$50.0062.3%17.6%62.7%36.0%59.9%5.8%-1.4%5.0M-260.9M-10.0M0.577.88N/AN/A121,49069,663724,446780,116
2020-06-12$48.50$50.0062.7%17.6%60.0%36.4%59.8%11.9%-2.0%5.5M-202.1M-9.9M0.4611.52N/AN/A99,70246,306740,168783,514
2020-06-15$48.77$50.0061.0%17.4%58.7%34.4%60.0%6.5%-1.4%5.8M-290.1M-9.7M0.369.67N/AN/A72,88126,474715,487775,838
2020-06-16$50.77$50.0059.7%17.1%58.5%33.0%57.3%7.6%-2.8%17.6M-752.2M-9.8M0.306.70N/AN/A96,35128,644734,984782,990
2020-06-17$50.99$50.0059.1%16.9%58.2%32.2%58.5%6.6%-2.4%19.9M-782.7M-9.7M0.486.24N/AN/A50,55124,295740,834790,976
2020-06-18$50.34$50.0058.6%16.9%58.1%31.7%58.4%6.0%-1.9%18.0M-676.9M-9.6M0.506.54N/AN/A48,78524,389748,459797,155
2020-06-19$51.20$50.0058.0%16.9%56.9%31.1%58.7%4.4%-2.6%13.3M-918.9M-9.6M0.433.85N/AN/A121,46052,412749,680802,145
2020-06-22$50.98$50.0057.5%17.0%56.7%30.4%59.3%4.0%-0.8%8.9M-402.9M-9.4M0.395.38N/AN/A62,23224,450521,395570,980
2020-06-23$49.83$50.0056.0%16.6%57.2%28.8%57.8%4.5%-1.5%5.3M-239.4M-9.3M0.542.86N/AN/A91,55849,267544,999583,547
2020-06-24$48.66$50.0060.3%18.1%52.4%33.6%62.7%3.3%-1.2%1.6M-73.5M-9.5M0.552.99N/AN/A66,69636,892579,350608,467
2020-06-25$48.91$50.0059.5%17.8%48.1%32.7%61.9%3.3%-1.7%2.1M-115.7M-9.6M0.503.72N/AN/A74,27037,122596,579623,506
2020-06-26$48.77$50.0060.1%17.5%47.5%33.4%60.8%5.0%-1.1%3.5M-87.4M-9.6M0.576.90N/AN/A64,26436,809609,806625,976
2020-06-29$48.59$50.0055.8%16.7%46.5%28.5%58.2%4.0%-1.3%5.6M-84.9M-9.3M0.693.34N/AN/A113,31878,154578,600613,985
2020-06-30$51.59$50.0045.6%13.0%50.8%16.8%45.4%3.0%0.0%32.1M-686.6M-9.3M0.472.97N/AN/A183,70685,760624,020659,194