MU Options History — March 2021

In March 2021, MU traded between $83.40 and $94.83. ATM implied volatility averaged 51.4%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 8.1% (HV 20d: 59.5%). Max pain ranged from $72.50 to $80.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.49.

Notable Days

  • 2021-03-23: Highest Volume — 231,761 contracts
  • 2021-03-19: Largest IV drop — 8.7% change
  • 2021-03-29: Highest IV Rank — 30.5%
  • 2021-03-08: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.54$83.40$94.83$94.83$88.68
Max Pain$76.09$72.50$80.00$80.00$80.00
ATM IV51.4%44.5%57.2%52.9%44.5%
Expected Move14.6%13.5%15.7%13.9%13.7%
HV 20d59.5%44.7%65.6%44.7%61.4%
HV 60d47.5%40.6%52.0%40.6%51.2%
IV Rank21.4%16.3%30.5%19.7%19.5%
IV Percentile61.6%32.5%81.3%66.7%32.5%
Term Structure-1.3%-11.0%5.3%-1.5%-1.3%
VWIV51.5%47.7%55.8%49.8%47.7%
Skew 25d0.9%-1.8%3.7%1.8%-0.0%
Skew 10d2.8%-1.3%6.1%4.8%1.7%
Call IV 25d51.7%45.0%57.0%54.6%45.0%
Put IV 25d52.7%45.0%60.3%56.4%45.0%
Bid-Ask Spread %4.572.517.893.473.53
Gamma HHI0.080.050.140.100.06
Net GEX46.5M11.7M87.6M61.4M50.9M
Net DEX-2.64B-3.92B-1.45B-3.90B-2.56B
Net VEX-11.8M-12.6M-11.1M-11.1M-12.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.250.770.370.57
Total Volume126,934.08756,583231,761137,810166,654
Total OI1,299,729.3481,142,9861,429,4631,191,9411,362,923

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$94.83$80.0052.9%13.9%44.7%19.7%49.8%1.8%-1.5%61.4M-3.90B-11.1M0.373.47N/AN/A100,89036,920643,927548,014
2021-03-02$91.78$80.0053.0%13.5%46.7%19.8%47.7%0.1%-1.8%62.1M-3.41B-11.2M0.594.12N/AN/A69,19640,770676,593562,681
2021-03-03$90.16$80.0053.9%14.0%47.4%20.9%49.7%3.1%-1.8%51.9M-3.04B-11.5M0.664.47N/AN/A89,47859,425682,118579,816
2021-03-04$83.94$72.5056.6%15.4%53.6%24.4%54.4%3.7%-0.4%17.6M-1.75B-11.8M0.587.89N/AN/A78,60745,868689,937617,683
2021-03-05$88.98$72.5055.4%15.0%56.8%22.9%53.7%1.9%-2.9%11.7M-2.75B-11.9M0.347.77N/AN/A136,45346,184699,934627,241
2021-03-08$85.81$72.5057.2%15.7%58.7%25.0%55.8%2.4%-1.7%36.9M-2.32B-12.0M0.527.46N/AN/A52,50527,351675,797584,180
2021-03-09$89.42$72.5053.7%14.8%59.2%20.7%53.9%1.4%-1.9%55.0M-2.98B-11.5M0.516.89N/AN/A45,58823,325685,228596,127
2021-03-10$85.58$72.5054.4%15.0%61.5%21.6%53.2%1.0%-2.0%36.2M-2.22B-12.1M0.496.08N/AN/A59,50328,880691,589602,484
2021-03-11$89.48$72.5053.7%14.8%62.9%20.7%52.7%0.7%-2.7%67.1M-3.07B-11.5M0.363.99N/AN/A109,00738,760708,226617,305
2021-03-12$87.94$72.5053.2%14.9%61.0%20.2%52.4%1.4%-1.6%51.7M-2.63B-11.8M0.624.95N/AN/A53,50833,018714,997633,256
2021-03-15$88.65$75.0052.3%14.9%60.9%19.0%52.4%1.0%-0.1%58.5M-2.81B-11.7M0.772.65N/AN/A40,06330,813694,848609,425
2021-03-16$91.44$75.0050.1%14.3%61.9%16.3%50.4%0.4%-0.5%75.8M-3.36B-11.7M0.344.88N/AN/A159,76253,989705,697627,760
2021-03-17$94.55$75.0051.5%14.8%62.2%18.0%52.1%0.3%5.3%87.6M-3.92B-11.3M0.337.29N/AN/A118,05638,740716,838643,508
2021-03-18$89.69$75.0054.8%15.6%64.7%22.1%54.8%0.2%3.8%61.3M-2.87B-11.7M0.323.84N/AN/A120,61538,077727,520653,693
2021-03-19$91.18$77.5050.1%14.4%64.3%19.0%51.2%0.4%-0.8%61.9M-3.24B-11.8M0.252.91N/AN/A102,18725,428761,565667,898
2021-03-22$91.42$77.5047.4%13.9%60.9%17.6%49.1%1.0%-0.4%45.0M-2.76B-11.2M0.312.51N/AN/A57,89117,761595,102547,884
2021-03-23$84.99$77.5048.3%14.3%65.6%21.4%49.9%-0.4%-1.2%22.9M-1.72B-11.4M0.463.23N/AN/A159,22872,533611,964555,871
2021-03-24$83.40$77.5048.1%14.1%64.5%21.0%49.4%0.2%-2.6%18.9M-1.45B-11.7M0.573.35N/AN/A88,66950,164672,814606,409
2021-03-25$84.22$77.5047.7%14.3%63.6%20.3%50.6%0.9%0.5%18.3M-1.54B-12.1M0.403.46N/AN/A75,50130,173671,512642,626
2021-03-26$87.12$77.5047.6%14.3%62.6%26.3%50.7%1.1%-1.2%45.8M-2.17B-12.6M0.533.44N/AN/A87,92746,833693,415653,379
2021-03-29$86.35$77.5049.4%15.0%61.9%30.5%52.4%-1.8%-11.0%32.5M-2.04B-12.4M0.573.90N/AN/A68,00638,595648,238642,298
2021-03-30$86.74$80.0047.0%14.2%61.1%25.8%50.7%0.7%-2.2%39.3M-2.13B-12.5M0.763.03N/AN/A32,09824,485678,589664,866
2021-03-31$88.68$80.0044.5%13.7%61.4%19.5%47.7%-0.0%-1.3%50.9M-2.56B-12.1M0.573.53N/AN/A106,24460,410687,540675,383