MU Options History — November 2020

In November 2020, MU traded between $49.50 and $64.37. ATM implied volatility averaged 39.9%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 4.9% (HV 20d: 35.0%). Max pain ranged from $50.00 to $52.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.52.

Notable Days

  • 2020-11-16: Highest Volume — 312,098 contracts
  • 2020-11-04: Largest IV drop — 8.0% change
  • 2020-11-02: Highest IV Rank — 15.9%
  • 2020-11-02: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.69$49.50$64.37$49.50$64.17
Max Pain$52.13$50.00$52.50$50.00$52.50
ATM IV39.9%36.8%44.8%44.8%42.3%
Expected Move11.7%10.8%13.9%13.9%12.8%
HV 20d35.0%28.1%40.0%28.1%34.6%
HV 60d39.0%37.8%40.0%38.2%37.8%
IV Rank10.3%6.7%15.9%15.9%13.0%
IV Percentile20.8%11.5%44.0%44.0%32.5%
Term Structure0.2%-1.4%5.9%-0.6%5.9%
VWIV41.2%37.9%48.8%48.8%45.1%
Skew 25d1.6%-0.8%5.0%3.5%0.8%
Skew 10d2.8%-1.3%9.2%7.6%3.8%
Call IV 25d39.4%35.0%43.7%43.7%42.2%
Put IV 25d41.1%38.1%47.3%47.3%43.0%
Bid-Ask Spread %3.161.756.982.882.63
Gamma HHI0.120.060.500.060.11
Net GEX46.9M-525.3K165.1M-525.3K41.5M
Net DEX-1.94B-2.80B-91.5M-91.5M-2.55B
Net VEX-10.3M-10.9M-9.4M-10.8M-9.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.191.771.770.44
Total Volume95,81241,980312,09875,735114,284
Total OI1,511,252.151,384,1081,668,2071,384,1081,482,713

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$49.50$50.0044.8%13.9%28.1%15.9%48.8%3.5%-0.6%-525.3K-91.5M-10.8M1.772.88N/AN/A27,36248,373613,200770,908
2020-11-03$51.25$50.0043.2%13.7%30.4%14.0%45.9%4.5%-0.6%6.9M-420.9M-10.9M0.352.51N/AN/A31,09010,890613,200770,908
2020-11-04$52.09$50.0039.8%11.7%30.1%10.1%41.4%5.0%0.2%12.9M-611.4M-10.9M0.594.20N/AN/A30,79118,295634,308809,778
2020-11-05$54.40$52.5038.4%11.3%32.3%8.6%39.5%3.5%1.0%25.2M-1.16B-10.8M0.316.98N/AN/A73,37822,940644,080810,834
2020-11-06$55.25$52.5037.1%11.2%32.5%7.1%39.6%3.5%1.6%29.9M-1.42B-10.9M0.594.14N/AN/A42,11624,746670,381816,899
2020-11-09$56.60$52.5036.8%10.8%33.0%6.7%37.9%3.2%-0.0%33.4M-1.64B-10.4M0.573.85N/AN/A59,85833,977658,632806,539
2020-11-10$55.51$52.5039.5%11.5%33.1%9.8%40.9%2.5%1.0%28.8M-1.36B-10.7M0.663.22N/AN/A33,91422,291669,975818,051
2020-11-11$56.47$52.5038.5%11.2%33.1%8.6%39.8%1.7%0.8%33.2M-1.57B-10.6M0.524.60N/AN/A60,96531,991673,000824,417
2020-11-12$56.34$52.5040.4%11.5%33.2%10.8%40.3%2.0%-0.2%35.6M-1.59B-10.7M0.643.88N/AN/A29,15118,658696,525834,172
2020-11-13$58.00$52.5038.0%11.1%34.3%8.1%38.7%1.2%0.7%50.9M-1.99B-10.4M0.283.06N/AN/A82,55823,179700,901839,735
2020-11-16$61.78$52.5041.0%11.8%39.9%11.6%41.6%-0.8%-0.5%36.1M-2.70B-9.8M0.241.75N/AN/A251,57860,520700,078826,348
2020-11-17$61.84$52.5042.0%12.1%39.6%12.7%42.3%0.6%-0.8%58.7M-2.80B-10.3M0.562.12N/AN/A74,74042,163782,112846,262
2020-11-18$60.95$52.5040.9%11.7%40.0%11.4%41.2%-0.5%-1.0%58.3M-2.63B-10.3M0.242.31N/AN/A94,66022,372792,399857,034
2020-11-19$61.75$52.5039.9%11.5%39.9%10.3%40.6%0.6%-0.7%67.8M-2.79B-10.1M0.452.39N/AN/A54,81124,764793,331862,821
2020-11-20$61.75$52.5039.5%11.3%37.6%9.8%40.3%0.2%0.6%87.2M-2.78B-10.1M0.191.87N/AN/A111,42321,298800,361867,846
2020-11-23$64.37$52.5038.6%11.2%38.3%8.8%39.6%0.3%-0.1%53.0M-2.73B-9.4M0.432.83N/AN/A80,21234,799690,778752,519
2020-11-24$63.86$52.5038.6%11.0%38.8%8.8%38.6%0.7%-0.9%53.9M-2.60B-9.6M0.712.61N/AN/A48,08934,261700,264768,746
2020-11-25$63.75$52.5039.5%11.4%35.3%9.8%40.0%0.1%-1.4%60.5M-2.56B-10.0M0.542.56N/AN/A38,18720,605716,974785,718
2020-11-27$64.08$52.5039.5%11.6%35.3%9.9%41.0%0.2%-1.1%165.1M-2.71B-9.7M0.382.78N/AN/A44,07316,878726,893795,403
2020-11-30$64.17$52.5042.3%12.8%34.6%13.0%45.1%0.8%5.9%41.5M-2.55B-9.7M0.442.63N/AN/A79,50434,780699,378783,335