MU Options History — August 2020

In August 2020, MU traded between $42.48 and $51.19. ATM implied volatility averaged 41.9%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 8.1% (HV 20d: 33.8%). Max pain ranged from $47.50 to $52.50. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2020-08-13: Highest Volume — 250,867 contracts
  • 2020-08-12: Largest IV drop — 7.2% change
  • 2020-08-31: Highest IV Rank — 19.9%
  • 2020-08-31: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.48$42.48$51.19$50.36$45.58
Max Pain$49.40$47.50$52.50$50.00$47.50
ATM IV41.9%38.4%48.3%42.8%48.3%
Expected Move11.7%11.0%12.8%12.0%12.8%
HV 20d33.8%29.5%38.2%32.6%33.4%
HV 60d42.8%36.2%48.2%48.2%36.2%
IV Rank12.5%8.5%19.9%13.6%19.9%
IV Percentile34.6%20.6%62.3%37.3%62.3%
Term Structure1.2%-2.1%5.5%-0.7%2.6%
VWIV41.1%38.6%44.7%42.0%44.7%
Skew 25d2.4%0.1%3.7%3.5%0.1%
Skew 10d6.0%1.0%9.4%9.4%7.7%
Call IV 25d41.2%38.4%48.4%42.0%48.4%
Put IV 25d43.6%40.8%48.5%45.5%48.5%
Bid-Ask Spread %3.172.117.463.182.23
Gamma HHI0.080.050.330.060.06
Net GEX-6.8M-46.0M19.3M2.1M1.6M
Net DEX282.7M-376.1M971.4M-219.4M164.8M
Net VEX-9.4M-10.2M-8.7M-9.4M-10.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.240.860.460.29
Total Volume130,722.90581,809250,86789,25183,251
Total OI1,287,053.1431,084,1741,482,8161,084,1741,323,798

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$50.36$50.0042.8%12.0%32.6%13.6%42.0%3.5%-0.7%2.1M-219.4M-9.4M0.463.18N/AN/A60,94628,305489,738594,436
2020-08-04$51.19$50.0042.3%11.8%31.2%13.0%41.4%3.7%-0.3%12.7M-376.1M-9.5M0.312.98N/AN/A72,28722,590514,271603,638
2020-08-05$50.86$50.0042.0%11.6%31.3%12.7%41.0%3.4%-2.1%13.4M-329.0M-9.6M0.422.78N/AN/A60,10225,184530,365611,322
2020-08-06$48.74$52.5041.5%12.0%34.7%12.1%41.7%2.0%-0.9%-9.5M85.2M-9.3M0.454.95N/AN/A159,63771,536551,793623,100
2020-08-07$48.59$52.5041.2%11.9%34.5%11.7%42.9%3.2%-0.2%-12.1M95.3M-9.5M0.814.08N/AN/A58,55647,441590,456644,436
2020-08-10$49.09$52.5041.8%11.9%34.5%12.4%42.4%2.7%-0.2%-1.6M-52.3M-9.5M0.243.54N/AN/A111,91727,101549,079630,797
2020-08-11$48.01$50.0042.4%12.2%35.3%13.1%42.8%1.6%0.5%-3.5M130.3M-9.4M0.464.84N/AN/A68,39931,425577,401640,069
2020-08-12$48.51$50.0039.3%11.8%34.6%9.6%41.0%3.6%1.8%-683.5K45.6M-9.4M0.587.46N/AN/A72,01841,847588,876652,812
2020-08-13$46.25$50.0041.3%12.0%38.2%11.9%41.4%2.8%0.9%-18.5M478.3M-9.1M0.574.17N/AN/A160,01390,854604,413659,480
2020-08-14$45.61$50.0040.4%11.7%38.2%10.8%40.8%2.9%0.6%-19.1M596.0M-9.1M0.802.38N/AN/A67,99054,580658,076687,253
2020-08-17$45.14$50.0040.1%11.5%35.5%10.5%40.4%1.6%-0.1%-18.0M566.8M-8.9M0.352.42N/AN/A101,88535,703603,031664,222
2020-08-18$44.39$50.0038.4%11.0%35.4%8.5%39.7%2.4%1.8%-19.1M696.1M-8.8M0.482.11N/AN/A102,63749,448639,913678,376
2020-08-19$43.99$50.0038.9%11.1%35.2%9.1%39.2%1.9%2.1%-18.1M759.8M-8.7M0.802.18N/AN/A90,05771,880655,223695,531
2020-08-20$43.09$47.5039.6%11.3%33.8%9.9%39.8%1.9%2.8%-19.8M919.6M-9.1M0.572.48N/AN/A104,97860,091701,132737,996
2020-08-21$42.48$47.5040.4%11.3%30.0%10.8%40.5%1.8%2.7%-46.0M971.4M-9.1M0.792.82N/AN/A60,13547,747729,743753,073
2020-08-24$43.58$47.5041.8%11.1%29.5%12.4%39.1%3.1%5.5%-9.6M538.4M-9.5M0.532.11N/AN/A75,09739,623629,383688,024
2020-08-25$45.16$47.5041.7%11.0%32.7%12.3%38.6%2.9%3.8%2.4M218.7M-10.0M0.312.24N/AN/A118,71236,888653,045697,500
2020-08-26$44.98$47.5042.4%11.5%32.5%13.1%40.4%0.9%3.8%3.1M253.5M-10.0M0.472.89N/AN/A55,69026,119671,354707,740
2020-08-27$44.69$47.5045.4%11.7%32.4%16.6%41.1%2.1%1.2%-1.1M331.9M-9.9M0.862.57N/AN/A45,23138,869675,005713,763
2020-08-28$45.69$47.5047.1%12.2%33.7%18.5%42.7%1.7%0.7%19.3M62.8M-10.2M0.342.18N/AN/A125,83742,575684,597723,856
2020-08-31$45.58$47.5048.3%12.8%33.4%19.9%44.7%0.1%2.6%1.6M164.8M-10.1M0.292.23N/AN/A64,37818,873621,652702,146