MU Options History — April 2021

In April 2021, MU traded between $84.94 and $95.42. ATM implied volatility averaged 36.9%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded below realized volatility by 4.4% (HV 20d: 41.3%). Max pain ranged from $80.00 to $87.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.52.

Notable Days

2021-04-01: Highest Volume — 325,207 contracts
2021-04-19: Largest IV spike — 7.2% change
2021-04-30: Highest IV Rank — 12.3%
2021-04-05: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$90.22	$84.94	$95.42	$91.99	$85.80
Max Pain	$87.14	$80.00	$87.50	$80.00	$87.50
ATM IV	36.9%	34.6%	39.1%	38.3%	38.1%
Expected Move	10.5%	10.0%	11.0%	10.6%	10.7%
HV 20d	41.3%	29.6%	56.7%	56.7%	33.6%
HV 60d	50.2%	48.1%	51.5%	51.2%	48.5%
IV Rank	5.9%	0.0%	12.3%	3.8%	12.3%
IV Percentile	2.7%	0.0%	8.3%	1.2%	8.3%
Term Structure	-0.3%	-1.2%	0.4%	0.2%	-1.2%
VWIV	37.6%	35.1%	39.1%	37.6%	38.2%
Skew 25d	1.1%	-0.6%	2.6%	-0.6%	0.9%
Skew 10d	3.5%	-1.0%	7.4%	-1.0%	3.7%
Call IV 25d	37.3%	34.9%	39.7%	39.2%	38.9%
Put IV 25d	38.3%	35.6%	40.0%	38.6%	39.8%
Bid-Ask Spread %	3.11	2.28	4.91	2.40	3.22
Gamma HHI	0.10	0.06	0.37	0.37	0.11
Net GEX	56.4M	-21.4M	161.0M	161.0M	-21.4M
Net DEX	-2.44B	-3.85B	-1.01B	-3.43B	-1.19B
Net VEX	-12.5M	-14.0M	-11.4M	-11.4M	-13.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.23	0.90	0.33	0.90
Total Volume	123,365.143	79,834	325,207	325,207	98,655
Total OI	1,349,309.238	1,123,831	1,462,232	1,420,186	1,407,384

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-04-01	$91.99	$80.00	38.3%	10.6%	56.7%	3.8%	37.6%	-0.6%	0.2%	161.0M	-3.43B	-11.4M	0.33	2.40	N/A	N/A	243,685	81,522	715,055	705,131
2021-04-05	$93.77	$87.50	39.1%	11.0%	53.4%	6.4%	39.1%	-0.1%	-0.6%	67.8M	-3.45B	-11.7M	0.23	2.78	N/A	N/A	76,170	17,266	669,672	652,681
2021-04-06	$93.32	$87.50	37.7%	10.9%	51.5%	2.7%	39.1%	0.4%	-0.2%	73.3M	-3.42B	-12.5M	0.49	3.24	N/A	N/A	79,280	38,566	703,399	668,618
2021-04-07	$93.72	$87.50	36.4%	10.6%	49.6%	0.0%	37.7%	0.5%	-0.1%	79.3M	-3.55B	-11.6M	0.82	3.09	N/A	N/A	43,748	36,086	721,809	677,819
2021-04-08	$95.08	$87.50	35.6%	10.4%	46.6%	0.0%	37.7%	0.8%	-0.2%	94.6M	-3.84B	-12.1M	0.39	2.67	N/A	N/A	67,563	26,175	727,149	684,507
2021-04-09	$94.92	$87.50	34.8%	10.1%	44.3%	0.0%	35.7%	1.1%	-0.1%	115.6M	-3.85B	-11.7M	0.49	3.92	N/A	N/A	54,691	26,624	739,639	693,745
2021-04-12	$95.42	$87.50	36.3%	10.4%	43.7%	4.6%	36.6%	1.2%	0.1%	76.0M	-3.77B	-11.5M	0.43	2.59	N/A	N/A	74,019	32,120	697,573	672,303
2021-04-13	$92.12	$87.50	37.2%	10.6%	45.8%	7.6%	37.5%	1.8%	-0.2%	55.9M	-3.01B	-11.8M	0.39	4.32	N/A	N/A	114,223	44,501	712,200	687,712
2021-04-14	$90.67	$87.50	37.4%	10.7%	44.8%	8.2%	38.1%	1.5%	0.4%	54.0M	-2.62B	-11.9M	0.35	4.26	N/A	N/A	84,702	29,873	725,394	704,249
2021-04-15	$90.24	$87.50	36.5%	10.4%	43.0%	5.5%	36.8%	0.9%	0.1%	54.0M	-2.52B	-12.2M	0.69	4.91	N/A	N/A	56,190	38,755	735,192	709,055
2021-04-16	$90.31	$87.50	34.6%	10.0%	38.7%	0.0%	35.1%	0.6%	0.1%	75.7M	-2.61B	-11.8M	0.60	2.56	N/A	N/A	59,875	35,842	742,153	720,079
2021-04-19	$87.92	$87.50	37.1%	10.6%	39.3%	8.0%	37.9%	2.0%	0.2%	19.1M	-1.44B	-11.9M	0.65	2.37	N/A	N/A	74,535	48,092	555,450	568,381
2021-04-20	$87.73	$87.50	37.6%	10.8%	39.3%	9.6%	38.6%	1.7%	-0.3%	21.2M	-1.42B	-12.7M	0.45	2.90	N/A	N/A	66,109	29,500	581,166	592,618
2021-04-21	$89.31	$87.50	36.9%	10.6%	29.6%	7.3%	39.0%	1.9%	0.1%	37.5M	-1.83B	-13.3M	0.34	3.03	N/A	N/A	83,554	28,099	616,634	607,193
2021-04-22	$84.94	$87.50	37.7%	10.8%	34.3%	10.8%	38.1%	2.6%	-0.5%	13.6M	-1.01B	-12.7M	0.33	3.46	N/A	N/A	198,740	64,799	638,566	618,286
2021-04-23	$86.17	$87.50	35.1%	10.0%	34.5%	1.6%	35.6%	1.5%	-0.1%	52.6M	-1.49B	-13.3M	0.56	3.36	N/A	N/A	78,137	43,957	719,975	650,199
2021-04-26	$87.78	$87.50	35.7%	10.1%	33.0%	4.0%	35.9%	0.4%	-1.2%	36.1M	-1.70B	-13.0M	0.55	2.50	N/A	N/A	66,769	36,859	644,516	632,138
2021-04-27	$89.44	$87.50	36.8%	10.5%	33.4%	7.9%	37.8%	0.9%	-0.7%	51.9M	-2.10B	-13.3M	0.66	2.28	N/A	N/A	63,820	42,228	659,970	646,671
2021-04-28	$86.20	$87.50	37.8%	10.8%	36.1%	11.3%	38.7%	1.0%	-0.6%	26.9M	-1.36B	-13.5M	0.75	2.99	N/A	N/A	67,028	50,012	678,857	664,220
2021-04-29	$87.67	$87.50	38.0%	10.8%	35.7%	11.9%	38.3%	1.4%	-1.0%	40.3M	-1.71B	-14.0M	0.56	2.52	N/A	N/A	56,653	31,646	698,340	689,796
2021-04-30	$85.80	$87.50	38.1%	10.7%	33.6%	12.3%	38.2%	0.9%	-1.2%	-21.4M	-1.19B	-13.8M	0.90	3.22	N/A	N/A	51,910	46,745	706,844	700,540