MU Options History — September 2020

In September 2020, MU traded between $45.03 and $50.88. ATM implied volatility averaged 53.9%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 13.1% (HV 20d: 40.8%). Max pain ranged from $45.00 to $47.50. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2020-09-30: Highest Volume — 331,122 contracts
  • 2020-09-30: Largest IV drop — 18.6% change
  • 2020-09-03: Highest IV Rank — 34.7%
  • 2020-09-24: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.24$45.03$50.88$45.66$46.93
Max Pain$45.24$45.00$47.50$47.50$45.00
ATM IV53.9%42.0%61.2%53.0%42.0%
Expected Move15.4%12.1%17.0%13.2%12.1%
HV 20d40.8%32.5%52.1%32.5%52.1%
HV 60d37.1%34.9%39.5%36.2%39.5%
IV Rank26.3%12.7%34.7%25.2%12.7%
IV Percentile71.0%36.9%88.1%73.4%36.9%
Term Structure-1.2%-7.0%6.0%-1.0%6.0%
VWIV53.6%42.6%59.0%46.1%42.6%
Skew 25d3.0%-5.6%6.6%-0.6%1.3%
Skew 10d5.9%-6.9%10.4%-6.9%0.1%
Call IV 25d52.7%41.9%62.8%53.8%41.9%
Put IV 25d55.8%43.3%63.8%53.2%43.3%
Bid-Ask Spread %3.562.079.412.153.67
Gamma HHI0.070.050.100.060.06
Net GEX10.0M-31.8M28.8M5.0M-31.8M
Net DEX-344.1M-993.3M316.1M107.3M249.8M
Net VEX-10.4M-10.8M-9.7M-10.2M-10.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.221.120.400.90
Total Volume144,871.28659,970331,12284,661331,122
Total OI1,418,005.4761,346,1061,608,7451,354,0541,608,745

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$45.66$47.5053.0%13.2%32.5%25.2%46.1%-0.6%-1.0%5.0M107.3M-10.2M0.402.15N/AN/A60,42624,235642,954711,100
2020-09-02$48.03$47.5057.9%13.8%38.2%30.9%48.5%-5.6%-1.3%16.6M-388.9M-10.7M0.222.48N/AN/A170,87737,333653,058718,088
2020-09-03$46.16$45.0061.2%16.9%37.8%34.7%58.3%1.1%-7.0%8.3M14.3M-10.5M0.668.16N/AN/A74,19849,081652,921720,689
2020-09-04$46.70$45.0060.2%16.3%38.1%33.5%56.5%5.6%-6.7%11.6M-82.4M-10.4M0.619.41N/AN/A66,08540,465662,163732,887
2020-09-08$45.15$45.0057.8%16.3%39.4%30.7%56.2%4.9%0.0%-3.6M255.2M-10.0M0.576.56N/AN/A38,10921,861627,265721,482
2020-09-09$45.05$45.0054.9%15.1%38.8%27.4%52.2%5.5%-2.2%-4.8M309.4M-9.7M0.412.70N/AN/A58,63823,954634,421725,784
2020-09-10$45.03$45.0054.1%15.0%38.5%26.5%52.3%3.7%-1.4%-4.0M316.1M-9.7M0.784.20N/AN/A38,08929,843652,017737,613
2020-09-11$46.16$45.0054.0%14.8%36.1%26.4%51.2%1.8%-3.4%3.2M73.0M-9.9M0.942.98N/AN/A76,94471,977661,204745,776
2020-09-14$49.26$45.0050.9%14.4%42.4%22.9%50.2%3.7%-2.2%15.1M-565.5M-10.1M0.272.10N/AN/A168,05645,262652,012752,080
2020-09-15$48.94$45.0051.1%14.5%42.2%23.1%50.9%3.4%2.0%17.0M-489.5M-10.2M0.343.15N/AN/A88,61430,402672,169760,795
2020-09-16$50.49$45.0051.9%14.9%42.5%24.0%51.7%4.7%0.4%26.2M-871.2M-10.4M0.462.69N/AN/A120,46055,144689,755767,117
2020-09-17$50.82$45.0054.6%15.7%42.1%27.1%54.2%4.6%0.4%26.7M-967.2M-10.7M0.454.83N/AN/A100,54745,603706,953780,533
2020-09-18$50.84$45.0054.7%15.9%40.9%27.2%55.6%4.5%-2.4%28.8M-993.3M-10.7M0.372.18N/AN/A116,09543,343725,809791,907
2020-09-21$49.00$45.0053.1%16.2%43.3%25.4%55.9%5.5%1.6%12.8M-475.5M-10.6M0.492.45N/AN/A67,37533,154653,257692,849
2020-09-22$49.66$45.0053.2%15.7%42.8%25.5%55.1%6.6%0.3%17.1M-617.6M-10.5M0.542.37N/AN/A43,45423,260660,762703,937
2020-09-23$50.15$45.0055.0%16.6%41.5%27.6%58.0%3.5%-0.6%19.2M-724.5M-10.6M0.602.85N/AN/A85,36751,441667,260715,457
2020-09-24$49.49$45.0055.1%17.0%41.9%27.7%59.0%2.4%-5.8%15.5M-586.0M-10.8M0.703.28N/AN/A53,52437,444691,449737,933
2020-09-25$49.11$45.0051.9%16.4%41.9%24.0%57.0%2.6%-1.6%6.7M-483.5M-10.6M0.562.20N/AN/A97,94854,403697,286757,535
2020-09-28$49.55$45.0053.0%16.2%41.4%25.2%57.2%4.2%-0.5%9.9M-522.4M-10.5M1.122.07N/AN/A74,81984,146668,090753,330
2020-09-29$50.88$45.0051.6%16.2%42.1%23.7%56.2%0.4%0.9%14.2M-783.1M-10.6M0.682.27N/AN/A184,235124,964680,656791,017
2020-09-30$46.93$45.0042.0%12.1%52.1%12.7%42.6%1.3%6.0%-31.8M249.8M-10.2M0.903.67N/AN/A173,857157,265743,672865,073