MU Options History — December 2020

In December 2020, MU traded between $67.05 and $75.24. ATM implied volatility averaged 47.6%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 14.2% (HV 20d: 33.5%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.44.

Notable Days

  • 2020-12-04: Highest Volume — 315,404 contracts
  • 2020-12-07: Largest IV spike — 8.0% change
  • 2020-12-10: Highest IV Rank — 22.2%
  • 2020-12-29: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.37$67.05$75.24$67.05$75.24
Max Pain$52.05$50.00$55.00$52.50$52.50
ATM IV47.6%41.1%50.6%41.2%50.6%
Expected Move14.2%11.8%16.2%12.2%16.0%
HV 20d33.5%27.8%38.0%35.0%30.4%
HV 60d36.0%31.4%38.9%38.6%32.4%
IV Rank18.7%11.6%22.2%11.7%21.0%
IV Percentile51.0%25.8%59.9%25.8%59.9%
Term Structure0.1%-7.9%7.7%6.6%-1.3%
VWIV50.2%41.3%56.9%42.6%56.8%
Skew 25d0.4%-2.0%2.3%-0.1%1.3%
Skew 10d0.9%-6.9%5.5%1.2%-0.2%
Call IV 25d48.1%40.1%52.6%41.3%50.9%
Put IV 25d48.5%40.3%52.2%41.2%52.2%
Bid-Ask Spread %5.431.5914.582.772.03
Gamma HHI0.110.070.210.120.11
Net GEX46.6M28.2M60.1M51.6M53.2M
Net DEX-3.54B-4.38B-2.72B-3.18B-3.85B
Net VEX-9.8M-10.2M-9.1M-9.5M-9.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.230.870.230.35
Total Volume106,315.18232,411315,404282,472183,050
Total OI1,618,417.2731,480,9941,768,8731,525,7621,574,959

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$67.05$52.5041.2%12.2%35.0%11.7%42.6%-0.1%6.6%51.6M-3.18B-9.5M0.232.77N/AN/A230,58351,889726,920798,842
2020-12-02$69.19$55.0041.1%11.8%34.7%11.6%41.3%-0.8%7.3%60.1M-3.70B-9.5M0.311.94N/AN/A134,62542,311776,215820,513
2020-12-03$69.77$50.0041.7%13.3%34.8%12.4%47.0%0.2%6.2%58.2M-3.76B-9.4M0.3511.04N/AN/A87,33930,198778,018833,243
2020-12-04$73.19$50.0044.9%13.9%35.3%16.0%49.3%-2.0%7.7%44.3M-4.38B-9.1M0.355.44N/AN/A233,70181,703786,303842,381
2020-12-07$72.37$50.0048.5%14.1%36.5%20.1%50.1%-0.9%-1.0%47.3M-4.00B-9.7M0.542.70N/AN/A51,99228,151798,015830,046
2020-12-08$73.01$50.0049.8%14.2%36.3%21.6%49.9%-2.0%-0.9%50.3M-4.13B-9.6M0.445.93N/AN/A53,25223,550807,503839,950
2020-12-09$71.42$50.0049.6%14.0%36.6%21.3%50.3%-0.1%-1.3%50.5M-3.82B-10.0M0.5014.58N/AN/A74,81037,563824,684845,426
2020-12-10$71.88$52.5050.3%14.3%36.7%22.2%50.2%-0.1%-0.7%52.5M-3.91B-10.1M0.372.17N/AN/A44,95616,578835,792857,033
2020-12-11$70.49$52.5049.5%14.1%38.0%21.3%49.5%-0.1%-0.6%56.7M-3.61B-10.2M0.669.62N/AN/A65,45143,052842,932859,788
2020-12-14$71.55$52.5049.5%14.1%37.5%21.3%50.4%2.3%-1.3%48.1M-3.79B-10.0M0.8711.84N/AN/A40,14534,841823,175860,638
2020-12-15$73.02$52.5048.9%14.0%32.2%20.6%49.3%1.5%-1.4%55.0M-4.12B-9.8M0.435.15N/AN/A42,69918,387836,340875,144
2020-12-16$73.20$52.5049.2%14.1%32.2%20.9%49.7%0.3%-1.4%57.3M-4.14B-10.0M0.5811.43N/AN/A49,49528,623842,205882,127
2020-12-17$72.01$52.5047.9%13.8%32.4%19.5%49.1%1.3%-1.6%47.9M-3.87B-10.2M0.3611.76N/AN/A41,63514,959860,100898,474
2020-12-18$71.84$52.5048.4%14.0%32.5%20.0%50.3%0.6%-1.6%35.3M-3.81B-10.2M0.436.19N/AN/A53,88722,969864,205904,668
2020-12-21$71.31$52.5048.3%14.2%32.9%19.9%50.0%0.6%-0.9%33.9M-2.94B-9.7M0.574.23N/AN/A35,52420,363707,622773,372
2020-12-22$70.26$52.5048.0%14.5%31.1%19.2%51.7%1.9%-0.8%28.2M-2.72B-10.0M0.261.81N/AN/A67,18517,557717,338784,077
2020-12-23$70.31$52.5046.7%14.0%30.8%17.7%49.7%1.6%-0.2%34.8M-2.72B-10.0M0.231.67N/AN/A56,49712,892745,130790,841
2020-12-24$70.24$52.5047.7%14.3%30.8%17.7%51.3%0.5%-0.7%36.2M-2.78B-9.9M0.521.84N/AN/A21,31111,100762,346794,450
2020-12-28$70.66$52.5048.1%15.2%30.8%18.1%53.9%0.6%-0.4%37.7M-2.80B-9.8M0.551.60N/AN/A39,65221,784734,205778,998
2020-12-29$70.40$52.5049.5%16.2%30.9%19.7%56.9%1.6%-7.9%36.8M-2.77B-9.6M0.312.11N/AN/A67,18720,797744,635790,891
2020-12-30$71.74$52.5048.6%15.9%27.8%18.7%55.4%1.5%-1.0%49.9M-3.06B-9.7M0.391.59N/AN/A60,87723,814754,922800,714
2020-12-31$75.24$52.5050.6%16.0%30.4%21.0%56.8%1.3%-1.3%53.2M-3.85B-9.4M0.352.03N/AN/A135,39547,655768,670806,289