MU Options History — January 2021

In January 2021, MU traded between $74.16 and $85.26. ATM implied volatility averaged 46.0%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 12.7% (HV 20d: 33.4%). Max pain ranged from $70.00 to $77.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.44.

Notable Days

  • 2021-01-08: Highest Volume — 400,527 contracts
  • 2021-01-08: Largest IV drop — 16.1% change
  • 2021-01-05: Highest IV Rank — 24.9%
  • 2021-01-05: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.64$74.16$85.26$74.16$78.52
Max Pain$75.00$70.00$77.50$70.00$77.50
ATM IV46.0%41.1%53.9%52.3%47.8%
Expected Move12.9%11.8%14.4%14.1%13.7%
HV 20d33.4%27.9%47.9%31.1%47.8%
HV 60d34.2%32.7%38.2%32.7%38.1%
IV Rank14.1%7.0%24.9%23.0%13.5%
IV Percentile41.0%18.3%70.6%65.9%47.2%
Term Structure-0.1%-1.6%3.2%-1.2%0.1%
VWIV45.7%42.0%51.0%49.8%47.8%
Skew 25d-0.1%-2.9%1.8%0.3%1.8%
Skew 10d0.4%-3.2%3.9%1.3%3.9%
Call IV 25d47.1%42.0%54.7%52.8%48.0%
Put IV 25d47.0%42.0%54.7%53.1%49.8%
Bid-Ask Spread %5.872.1214.228.023.84
Gamma HHI0.110.080.220.080.08
Net GEX58.0M20.8M100.2M45.8M28.7M
Net DEX-3.32B-5.00B-1.19B-3.51B-1.81B
Net VEX-9.9M-11.3M-9.2M-9.4M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.260.860.330.70
Total Volume153,691.68473,398400,527172,154120,524
Total OI1,373,266.579900,3781,819,1741,564,6471,162,806

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$74.16$70.0052.3%14.1%31.1%23.0%49.8%0.3%-1.2%45.8M-3.51B-9.4M0.338.02N/AN/A129,59642,558764,568800,079
2021-01-05$76.97$70.0053.9%14.4%29.2%24.9%50.7%-1.1%-0.9%52.0M-4.04B-9.3M0.2614.22N/AN/A205,79353,737784,019816,383
2021-01-06$77.31$70.0053.1%14.4%28.8%23.9%50.6%-2.9%-1.5%55.0M-4.06B-9.6M0.3413.92N/AN/A118,52140,805817,172841,221
2021-01-07$79.19$72.5053.5%14.4%29.7%24.3%51.0%0.1%-1.6%62.4M-4.55B-9.5M0.468.79N/AN/A169,08178,058855,506860,773
2021-01-08$77.63$75.0044.9%12.7%29.4%14.3%44.8%-0.8%0.4%73.4M-4.22B-9.6M0.326.44N/AN/A302,40898,119916,138903,036
2021-01-11$78.56$75.0045.5%12.8%29.5%15.0%45.2%-1.2%-0.9%76.2M-4.32B-9.6M0.364.86N/AN/A74,34826,851856,411840,961
2021-01-12$79.12$75.0045.3%12.8%28.2%14.8%44.9%-0.2%-1.0%85.3M-4.44B-9.7M0.355.87N/AN/A54,23419,164866,652849,588
2021-01-13$80.01$75.0043.0%12.3%28.0%12.2%43.0%0.5%-0.2%100.2M-4.67B-9.5M0.285.77N/AN/A64,06418,187874,694855,933
2021-01-14$81.49$75.0043.1%12.2%27.9%12.2%42.8%0.1%-0.7%92.3M-5.00B-9.5M0.333.31N/AN/A120,91940,120875,730858,981
2021-01-15$80.66$75.0041.9%11.9%28.4%10.8%42.0%0.9%-0.4%49.5M-4.85B-9.4M0.396.80N/AN/A82,20032,051895,852866,825
2021-01-19$85.26$75.0042.0%12.0%32.5%11.0%42.4%-0.3%0.3%57.6M-2.84B-9.2M0.402.67N/AN/A115,89446,201518,307382,071
2021-01-20$83.90$75.0041.1%11.8%33.4%7.9%42.3%-0.0%0.1%63.9M-2.68B-9.6M0.412.12N/AN/A108,56244,168548,663396,571
2021-01-21$84.36$77.5041.5%11.8%33.0%7.5%42.7%0.1%0.9%66.3M-2.76B-9.7M0.572.89N/AN/A51,83129,458573,866412,782
2021-01-22$82.37$77.5041.6%11.8%33.9%7.0%42.4%-0.2%1.4%50.2M-2.34B-10.1M0.384.43N/AN/A77,28629,017579,902424,980
2021-01-25$81.09$77.5043.8%12.4%34.9%8.8%44.1%-0.5%0.1%44.7M-2.11B-10.1M0.602.70N/AN/A62,81537,529538,150407,468
2021-01-26$79.30$77.5044.5%12.7%36.3%9.4%44.6%0.1%0.5%39.4M-1.89B-10.4M0.712.65N/AN/A68,72348,522561,700422,852
2021-01-27$74.45$77.5048.9%14.1%43.9%14.8%50.2%1.0%-1.0%20.8M-1.19B-10.7M0.867.26N/AN/A85,66573,371591,295460,917
2021-01-28$78.88$77.5046.6%13.2%47.9%11.9%47.2%1.1%3.2%38.8M-1.83B-11.1M0.314.94N/AN/A114,43935,323604,442504,771
2021-01-29$78.52$77.5047.8%13.7%47.8%13.5%47.8%1.8%0.1%28.7M-1.81B-11.3M0.703.84N/AN/A70,92949,595639,764523,042