MU Options History — July 2020

In July 2020, MU traded between $49.39 and $52.67. ATM implied volatility averaged 44.1%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 6.4% (HV 20d: 37.7%). Max pain ranged from $47.50 to $50.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2020-07-23: Highest Volume — 325,593 contracts
  • 2020-07-02: Largest IV drop — 10.9% change
  • 2020-07-13: Highest IV Rank — 20.9%
  • 2020-07-13: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.43$49.39$52.67$50.08$49.89
Max Pain$49.89$47.50$50.00$50.00$50.00
ATM IV44.1%40.6%49.2%45.6%42.4%
Expected Move12.6%10.9%14.1%12.6%11.9%
HV 20d37.7%32.6%48.9%48.9%33.0%
HV 60d52.9%48.2%56.5%56.5%48.2%
IV Rank15.1%11.1%20.9%16.8%13.1%
IV Percentile43.4%32.5%61.5%51.6%34.1%
Term Structure0.3%-0.4%1.4%0.0%0.5%
VWIV44.1%39.0%49.2%43.9%41.9%
Skew 25d3.9%2.2%5.4%2.3%4.0%
Skew 10d8.0%5.1%11.2%5.1%10.2%
Call IV 25d42.6%39.6%46.9%44.6%40.7%
Put IV 25d46.5%42.3%50.6%46.9%44.8%
Bid-Ask Spread %4.201.998.793.223.07
Gamma HHI0.070.050.240.070.06
Net GEX10.6M-19.9M35.3M20.0M-3.2M
Net DEX-286.7M-669.1M-30.7M-277.9M-116.8M
Net VEX-9.2M-9.4M-8.9M-9.3M-9.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.240.720.390.72
Total Volume119,454.59169,176325,593141,484100,940
Total OI1,186,067.409971,4411,334,7501,293,7231,149,001

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$50.08$50.0045.6%12.6%48.9%16.8%43.9%2.3%0.0%20.0M-277.9M-9.3M0.393.22N/AN/A101,73539,749625,727667,996
2020-07-02$50.02$50.0040.6%10.9%46.8%11.1%39.0%2.8%0.0%35.3M-250.8M-9.2M0.562.80N/AN/A72,59740,634631,304670,068
2020-07-06$50.88$47.5042.8%12.8%43.2%13.6%45.0%3.5%0.2%8.6M-383.7M-9.2M0.348.71N/AN/A69,99523,969558,291632,698
2020-07-07$49.39$50.0045.5%13.1%44.3%16.7%45.9%3.1%1.0%1.1M-112.8M-9.0M0.378.79N/AN/A77,36928,677579,854640,313
2020-07-08$49.53$50.0044.7%12.8%44.3%15.7%46.1%3.5%0.0%3.1M-133.7M-9.0M0.355.09N/AN/A69,39024,359597,300652,395
2020-07-09$50.05$50.0048.5%13.7%44.5%20.1%47.9%4.3%-0.2%13.9M-258.6M-9.2M0.347.22N/AN/A94,28832,156609,225659,053
2020-07-10$50.50$50.0048.0%13.7%34.7%19.5%47.6%2.2%0.2%23.6M-390.2M-9.3M0.455.78N/AN/A65,50629,302628,602671,840
2020-07-13$49.86$50.0049.2%14.1%35.0%20.9%49.2%3.7%0.1%4.3M-221.0M-9.1M0.318.55N/AN/A128,53239,303585,795655,149
2020-07-14$49.49$50.0047.9%13.8%35.1%19.5%47.9%4.8%0.2%1.5M-127.6M-9.0M0.443.98N/AN/A51,96322,803615,370673,785
2020-07-15$50.54$50.0046.5%13.7%32.8%17.9%47.4%4.8%1.4%13.6M-393.0M-9.1M0.646.61N/AN/A72,93646,326625,994682,813
2020-07-16$50.17$50.0045.9%13.0%32.9%17.1%45.4%5.4%-0.3%10.2M-320.1M-9.0M0.683.34N/AN/A50,75234,276635,530684,972
2020-07-17$49.48$50.0042.1%12.0%32.9%12.8%42.3%4.4%-0.4%-19.9M-30.7M-8.9M0.681.99N/AN/A73,55350,230640,067694,683
2020-07-20$51.19$50.0042.0%12.0%34.7%12.6%42.2%3.9%0.6%7.6M-355.3M-9.0M0.342.13N/AN/A96,56732,818426,717544,724
2020-07-21$51.45$50.0042.6%12.2%34.7%13.3%42.7%4.7%-0.2%15.8M-445.0M-9.2M0.472.14N/AN/A64,02630,410462,521557,851
2020-07-22$51.59$50.0041.7%11.9%33.6%12.3%41.8%3.5%0.7%16.9M-461.4M-9.2M0.372.50N/AN/A50,60818,934470,930567,282
2020-07-23$52.67$50.0041.7%11.9%32.8%12.3%42.2%3.6%0.6%25.2M-669.1M-9.3M0.242.89N/AN/A262,94562,648486,057572,813
2020-07-24$50.01$50.0043.3%12.4%38.3%14.2%43.3%4.2%0.7%18.3M-179.5M-9.3M0.503.49N/AN/A101,92750,955520,991583,784
2020-07-27$51.48$50.0042.4%12.0%39.5%13.2%42.2%4.5%0.3%12.5M-440.8M-9.4M0.392.42N/AN/A91,64136,098494,216568,928
2020-07-28$50.25$50.0042.1%12.1%40.6%12.8%41.9%4.9%0.7%7.4M-243.6M-9.3M0.552.25N/AN/A74,44340,749519,484579,207
2020-07-29$50.43$50.0041.8%11.9%34.3%12.5%42.5%5.0%0.8%7.2M-231.3M-9.4M0.572.83N/AN/A44,09925,077525,097601,969
2020-07-30$50.58$50.0042.8%12.1%32.6%13.6%42.3%3.7%0.1%9.3M-264.1M-9.4M0.582.55N/AN/A64,95437,762531,563611,524
2020-07-31$49.89$50.0042.4%11.9%33.0%13.1%41.9%4.0%0.5%-3.2M-116.8M-9.3M0.723.07N/AN/A58,52842,412533,526615,475