MU Options History — May 2021

In May 2021, MU traded between $76.81 and $85.96. ATM implied volatility averaged 38.7%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 0.6% (HV 20d: 38.1%). Max pain ranged from $75.00 to $87.50. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.74.

Notable Days

2021-05-19: Highest Volume — 180,467 contracts
2021-05-12: Largest IV spike — 15.6% change
2021-05-12: Highest IV Rank — 43.3%
2021-05-12: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$81.80	$76.81	$85.96	$85.25	$84.31
Max Pain	$78.88	$75.00	$87.50	$87.50	$77.50
ATM IV	38.7%	35.0%	46.8%	36.5%	36.9%
Expected Move	10.9%	9.4%	12.6%	10.4%	9.4%
HV 20d	38.1%	32.5%	42.4%	32.5%	38.0%
HV 60d	47.6%	43.5%	49.4%	48.4%	43.5%
IV Rank	14.6%	1.5%	43.3%	6.8%	8.1%
IV Percentile	13.3%	0.8%	54.4%	3.2%	6.0%
Term Structure	1.7%	-2.7%	9.2%	0.7%	3.7%
VWIV	39.4%	33.5%	45.0%	37.0%	33.5%
Skew 25d	2.9%	0.2%	7.0%	2.6%	0.2%
Skew 10d	7.5%	-1.0%	15.5%	6.3%	1.6%
Call IV 25d	37.9%	33.6%	43.8%	36.6%	33.6%
Put IV 25d	40.8%	33.8%	50.7%	39.2%	33.8%
Bid-Ask Spread %	3.18	1.95	6.58	2.75	1.95
Gamma HHI	0.06	0.05	0.10	0.06	0.06
Net GEX	8.6M	-21.4M	39.9M	19.0M	39.9M
Net DEX	-690.8M	-1.52B	350.7M	-1.18B	-1.52B
Net VEX	-14.3M	-15.5M	-13.1M	-13.2M	-15.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.49	1.31	0.49	0.49
Total Volume	106,271.6	52,559	180,467	113,466	58,925
Total OI	1,485,036.5	1,333,500	1,699,538	1,333,500	1,499,077

Daily Data (20 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
2021-05-03	$85.25	$87.50	36.5%	10.4%	32.5%	6.8%	37.0%	2.6%	0.7%	19.0M	-1.18B	-13.2M	0.49	2.75	N/A	N/A	76,084	37,382	670,538	662,962
2021-05-04	$83.80	$87.50	38.9%	11.2%	32.8%	15.3%	40.6%	2.7%	-0.7%	11.4M	-886.7M	-13.4M	1.31	2.83	N/A	N/A	55,123	72,478	689,189	680,063
2021-05-05	$85.43	$87.50	37.6%	10.9%	33.8%	10.6%	39.6%	2.3%	-0.1%	19.1M	-1.18B	-14.2M	0.64	2.69	N/A	N/A	48,201	30,693	690,983	714,812
2021-05-06	$84.24	$75.00	37.8%	10.7%	33.2%	11.1%	38.4%	4.0%	0.4%	7.2M	-954.2M	-14.0M	0.85	4.07	N/A	N/A	34,944	29,722	707,368	725,676
2021-05-07	$85.96	$77.50	35.4%	10.4%	34.4%	2.7%	37.0%	2.1%	0.4%	35.4M	-1.35B	-14.3M	0.54	4.33	N/A	N/A	50,782	27,519	715,454	735,432
2021-05-10	$81.24	$77.50	39.0%	11.1%	38.7%	15.5%	38.9%	3.7%	-0.3%	-5.8M	-356.9M	-13.4M	0.59	2.70	N/A	N/A	76,583	45,505	683,648	709,622
2021-05-11	$80.56	$77.50	40.5%	11.5%	37.4%	20.9%	40.6%	4.9%	-0.1%	-6.4M	-270.4M	-13.7M	0.62	2.52	N/A	N/A	72,939	45,012	707,970	725,336
2021-05-12	$76.81	$77.50	46.8%	12.6%	40.0%	43.3%	45.0%	7.0%	-2.7%	-18.2M	350.7M	-13.1M	1.03	3.01	N/A	N/A	47,806	49,340	711,762	736,311
2021-05-13	$77.59	$77.50	41.9%	11.9%	40.5%	25.9%	41.8%	5.9%	-0.7%	-21.4M	298.8M	-13.6M	1.06	2.57	N/A	N/A	42,629	45,152	719,411	754,709
2021-05-14	$79.80	$77.50	38.5%	11.1%	42.4%	13.9%	42.5%	3.2%	0.4%	-13.6M	-116.0M	-13.7M	0.81	2.95	N/A	N/A	91,242	74,311	724,523	763,607
2021-05-17	$80.24	$77.50	40.2%	11.5%	41.8%	20.0%	43.4%	3.5%	3.2%	-7.8M	-286.4M	-14.5M	1.18	3.80	N/A	N/A	70,189	82,645	728,209	783,969
2021-05-18	$79.17	$77.50	38.9%	11.2%	41.9%	15.3%	42.1%	3.0%	1.1%	-16.3M	-139.7M	-14.7M	0.58	4.08	N/A	N/A	48,848	28,353	768,822	847,432
2021-05-19	$79.44	$77.50	40.8%	11.7%	41.2%	21.9%	42.6%	2.4%	0.6%	-8.9M	-234.5M	-14.8M	0.81	6.58	N/A	N/A	99,639	80,828	781,057	854,189
2021-05-20	$81.42	$77.50	39.8%	11.3%	39.0%	18.5%	40.2%	2.4%	1.1%	19.3M	-790.5M	-15.1M	0.53	3.08	N/A	N/A	73,478	39,106	805,393	855,223
2021-05-21	$80.58	$77.50	38.5%	10.9%	38.6%	13.9%	38.7%	3.2%	0.6%	22.1M	-611.3M	-15.5M	0.68	4.01	N/A	N/A	42,908	29,066	827,612	871,926
2021-05-24	$83.17	$77.50	37.9%	10.7%	39.9%	11.7%	38.1%	0.7%	5.3%	21.9M	-1.28B	-15.2M	0.52	2.43	N/A	N/A	60,406	31,690	662,935	753,360
2021-05-25	$81.17	$77.50	36.4%	10.2%	39.7%	6.3%	37.2%	1.4%	3.1%	16.3M	-876.6M	-14.9M	0.61	2.77	N/A	N/A	92,901	56,848	690,726	764,729
2021-05-26	$82.01	$77.50	35.0%	9.7%	38.2%	1.5%	35.3%	2.4%	9.2%	19.5M	-989.4M	-14.8M	0.72	2.41	N/A	N/A	30,592	21,967	689,728	794,046
2021-05-27	$83.84	$77.50	37.1%	9.7%	38.6%	8.8%	35.9%	0.2%	8.3%	39.4M	-1.44B	-14.8M	0.79	2.02	N/A	N/A	69,086	54,510	694,997	797,924
2021-05-28	$84.31	$77.50	36.9%	9.4%	38.0%	8.1%	33.5%	0.2%	3.7%	39.9M	-1.52B	-15.0M	0.49	1.95	N/A	N/A	39,509	19,416	714,330	784,747