MU Options History — February 2021

In February 2021, MU traded between $79.24 and $92.71. ATM implied volatility averaged 46.1%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 0.8% (HV 20d: 46.9%). Max pain ranged from $77.50 to $80.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.39.

Notable Days

  • 2021-02-19: Highest Volume — 256,559 contracts
  • 2021-02-25: Largest IV spike — 15.9% change
  • 2021-02-25: Highest IV Rank — 25.4%
  • 2021-02-25: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.72$79.24$92.71$80.53$92.71
Max Pain$79.61$77.50$80.00$77.50$80.00
ATM IV46.1%40.7%57.5%47.8%52.9%
Expected Move13.1%11.7%15.9%13.5%15.3%
HV 20d46.9%44.7%50.8%45.7%44.7%
HV 60d38.2%36.9%41.2%37.8%41.2%
IV Rank11.4%4.7%25.4%13.5%19.8%
IV Percentile39.5%12.3%79.8%47.2%67.1%
Term Structure1.3%-1.1%5.0%-0.1%4.9%
VWIV46.6%41.4%59.4%47.2%53.8%
Skew 25d0.6%-1.8%3.9%1.7%3.9%
Skew 10d1.3%-4.2%4.2%2.4%2.8%
Call IV 25d46.4%40.7%56.7%48.0%51.9%
Put IV 25d47.1%41.4%57.7%49.7%55.9%
Bid-Ask Spread %11.272.4327.683.097.69
Gamma HHI0.100.070.160.080.09
Net GEX69.4M40.1M104.4M42.7M48.1M
Net DEX-2.96B-4.02B-1.98B-2.11B-3.69B
Net VEX-11.3M-11.9M-10.8M-11.3M-11.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.210.840.210.33
Total Volume108,429.21151,525256,559103,013150,627
Total OI1,190,331.1581,103,0621,263,5831,103,0621,243,590

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$80.53$77.5047.8%13.5%45.7%13.5%47.2%1.7%-0.1%42.7M-2.11B-11.3M0.213.09N/AN/A85,21917,794602,417500,645
2021-02-02$81.51$77.5043.7%11.8%45.3%8.4%41.7%0.3%0.4%61.6M-2.34B-11.3M0.232.89N/AN/A56,45213,242633,235505,626
2021-02-03$79.24$77.5042.8%11.7%45.1%7.3%41.4%1.2%0.8%50.6M-1.98B-11.3M0.422.53N/AN/A55,54923,393654,755511,931
2021-02-04$80.80$80.0041.5%12.2%45.5%5.7%42.9%-0.0%0.8%75.3M-2.32B-11.5M0.5627.68N/AN/A39,75922,444675,796522,955
2021-02-05$81.16$80.0040.7%12.1%44.8%4.7%42.3%0.7%1.2%82.3M-2.39B-11.9M0.3924.77N/AN/A37,06914,456683,362529,425
2021-02-08$83.99$80.0041.7%12.0%45.5%6.0%42.7%0.4%-0.0%80.6M-2.89B-11.1M0.372.43N/AN/A65,69024,589658,053511,997
2021-02-09$83.62$80.0041.9%12.0%45.5%6.2%42.6%-0.0%0.2%87.3M-2.84B-11.1M0.246.95N/AN/A82,18919,911674,326519,452
2021-02-10$82.19$80.0042.4%12.2%46.1%6.9%43.2%-0.4%0.0%73.9M-2.53B-11.2M0.553.69N/AN/A46,51625,523674,674527,401
2021-02-11$86.33$80.0045.0%13.0%48.9%10.1%45.5%-0.5%0.2%89.6M-3.36B-11.3M0.324.02N/AN/A132,09342,236676,092538,920
2021-02-12$87.52$80.0044.2%12.8%48.8%9.0%45.2%-1.8%0.4%104.4M-3.68B-11.1M0.3412.67N/AN/A94,39232,150692,248551,539
2021-02-16$87.95$80.0045.9%13.2%48.5%11.2%46.7%-0.3%0.7%85.6M-3.47B-10.8M0.5415.75N/AN/A42,87023,247661,127530,576
2021-02-17$86.13$80.0045.6%13.1%45.3%10.8%46.1%0.6%1.3%89.3M-3.09B-11.0M0.8416.73N/AN/A31,59526,558669,173542,115
2021-02-18$88.58$80.0046.1%13.2%45.9%11.4%46.8%0.7%1.0%81.3M-3.61B-10.8M0.3722.68N/AN/A99,12337,026673,127554,489
2021-02-19$91.00$80.0047.6%13.6%46.7%13.2%48.2%1.3%0.7%54.1M-4.02B-11.3M0.2217.09N/AN/A209,48547,074688,758574,825
2021-02-22$86.15$80.0049.1%13.8%50.3%15.0%48.9%1.8%4.5%40.1M-2.52B-11.4M0.3819.88N/AN/A67,42425,722597,969521,928
2021-02-23$88.85$80.0049.4%14.0%50.8%15.5%49.5%0.6%4.7%53.4M-2.96B-11.5M0.389.85N/AN/A67,86726,067614,395536,131
2021-02-24$91.81$80.0049.6%14.2%50.7%15.7%50.5%0.8%5.0%68.3M-3.51B-11.3M0.317.17N/AN/A93,29528,472624,404542,967
2021-02-25$88.62$80.0057.5%15.9%46.3%25.4%59.4%1.0%-1.1%50.7M-2.92B-11.8M0.366.67N/AN/A112,43340,604640,965554,904
2021-02-26$92.71$80.0052.9%15.3%44.7%19.8%53.8%3.9%4.9%48.1M-3.69B-11.4M0.337.69N/AN/A113,57137,056672,558571,032