MU Options History — October 2020

In October 2020, MU traded between $46.65 and $54.45. ATM implied volatility averaged 44.7%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 4.1% (HV 20d: 40.6%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2020-10-01: Highest Volume — 143,663 contracts
  • 2020-10-15: Largest IV spike — 9.4% change
  • 2020-10-28: Highest IV Rank — 19.6%
  • 2020-10-28: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.83$46.65$54.45$47.59$50.16
Max Pain$49.55$45.00$50.00$45.00$50.00
ATM IV44.7%42.3%48.1%43.5%46.8%
Expected Move12.8%11.8%14.5%11.8%14.1%
HV 20d40.6%28.0%49.0%49.0%28.0%
HV 60d39.2%37.9%40.1%39.6%38.1%
IV Rank15.7%13.0%19.6%14.4%18.2%
IV Percentile46.0%36.9%56.7%44.4%52.8%
Term Structure-0.4%-9.3%2.4%1.8%-0.4%
VWIV45.1%41.4%51.0%41.4%51.0%
Skew 25d2.9%-0.1%5.9%0.8%4.9%
Skew 10d8.5%2.2%21.8%3.3%10.8%
Call IV 25d42.9%38.8%46.7%42.7%44.5%
Put IV 25d45.8%42.7%50.4%43.5%49.3%
Bid-Ask Spread %2.671.566.412.322.61
Gamma HHI0.090.060.290.060.07
Net GEX16.4M-27.1M52.9M-16.8M7.4M
Net DEX-620.6M-1.20B275.2M-1.3M-182.9M
Net VEX-11.0M-11.7M-10.3M-10.5M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.331.251.250.86
Total Volume88,136.09139,146143,663143,66352,826
Total OI1,501,678.7731,332,8961,687,0701,663,5271,435,567

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$47.59$45.0043.5%11.8%49.0%14.4%41.4%0.8%1.8%-16.8M-1.3M-10.5M1.252.32N/AN/A63,83279,831774,036889,491
2020-10-02$46.65$45.0044.0%12.1%47.4%15.0%42.5%1.1%1.3%-27.1M275.2M-10.5M1.052.59N/AN/A53,26555,881778,434908,636
2020-10-05$47.49$50.0045.2%13.2%47.7%16.3%45.9%2.7%-1.0%-2.7M-37.4M-10.3M0.672.28N/AN/A40,77627,190673,651814,266
2020-10-06$47.44$50.0045.2%13.2%45.9%16.3%46.1%1.1%0.5%-1.5M-46.2M-10.3M0.642.40N/AN/A75,54948,320689,096820,964
2020-10-07$48.40$50.0045.6%13.1%46.3%16.8%45.8%3.1%-0.1%9.2M-299.9M-10.5M0.751.56N/AN/A30,66623,139707,831837,301
2020-10-08$49.73$50.0045.9%13.1%47.0%17.1%45.7%2.2%0.2%25.4M-648.6M-10.7M0.462.40N/AN/A85,47239,528713,601848,422
2020-10-09$49.91$50.0042.3%12.2%46.4%13.0%42.4%4.2%2.4%52.9M-755.2M-10.7M0.692.60N/AN/A45,55231,230739,004849,839
2020-10-12$50.69$50.0044.0%12.4%40.7%14.9%44.2%3.7%-0.7%23.0M-841.0M-10.5M0.581.61N/AN/A37,22121,469700,661831,398
2020-10-13$52.11$50.0044.3%12.2%41.6%15.3%42.8%2.4%-2.3%32.5M-1.15B-10.5M0.392.55N/AN/A87,05734,348707,930837,509
2020-10-14$51.67$50.0043.0%12.3%40.4%13.9%43.1%2.5%0.6%33.1M-1.07B-10.5M0.781.88N/AN/A59,94946,706716,385844,073
2020-10-15$51.81$50.0047.1%12.4%40.4%18.5%43.6%4.3%-9.3%37.5M-1.10B-11.0M0.692.28N/AN/A30,03120,650752,727882,605
2020-10-16$51.89$50.0042.8%12.0%40.4%13.6%42.4%-0.1%1.3%39.8M-1.10B-11.0M0.572.49N/AN/A68,63439,311759,084891,120
2020-10-19$52.76$50.0045.1%13.0%38.1%16.2%45.7%1.7%0.4%14.3M-790.8M-11.3M0.332.63N/AN/A97,82632,108584,321748,575
2020-10-20$53.90$50.0043.8%12.6%38.5%14.7%48.6%5.9%-2.5%25.5M-1.03B-11.4M0.686.41N/AN/A68,68146,431613,335761,898
2020-10-21$53.52$50.0044.6%12.8%38.7%15.7%44.9%3.3%-0.5%24.2M-991.9M-11.7M0.542.28N/AN/A32,44717,653636,110767,103
2020-10-22$54.45$50.0043.7%12.6%38.4%14.6%44.1%3.6%-0.8%33.9M-1.20B-11.7M0.362.01N/AN/A59,00521,125646,723773,261
2020-10-23$52.83$50.0042.9%12.4%40.2%13.7%42.9%2.8%-0.5%16.1M-830.1M-11.6M0.393.17N/AN/A102,61339,560659,286778,038
2020-10-26$52.00$50.0045.5%13.3%40.7%16.6%47.5%2.8%0.2%10.8M-633.9M-11.5M1.002.45N/AN/A19,55319,593632,676765,363
2020-10-27$52.14$50.0044.1%13.0%39.7%15.1%45.0%3.2%-0.3%10.9M-653.0M-11.4M0.692.55N/AN/A26,93518,571637,586772,280
2020-10-28$50.34$50.0048.1%14.5%29.1%19.6%50.6%3.8%0.4%2.9M-260.8M-11.5M0.545.15N/AN/A59,36632,287644,301780,546
2020-10-29$50.68$50.0045.2%13.5%28.9%16.3%46.7%4.2%-0.4%9.1M-304.8M-11.3M0.392.50N/AN/A33,68213,125645,154786,746
2020-10-30$50.16$50.0046.8%14.1%28.0%18.2%51.0%4.9%-0.4%7.4M-182.9M-11.3M0.862.61N/AN/A28,45324,373644,054791,513