MU Options History — July 2021

In July 2021, MU traded between $73.84 and $81.12. ATM implied volatility averaged 31.8%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 5.0% (HV 20d: 36.8%). Max pain ranged from $77.50 to $80.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2021-07-01: Highest Volume — 575,131 contracts
  • 2021-07-20: Largest IV drop — 8.6% change
  • 2021-07-27: Highest IV Rank — 13.0%
  • 2021-07-08: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.21$73.84$81.12$80.19$77.42
Max Pain$78.81$77.50$80.00$80.00$77.50
ATM IV31.8%29.4%34.2%34.2%31.8%
Expected Move9.0%8.3%9.6%9.3%8.7%
HV 20d36.8%30.7%39.1%39.1%30.7%
HV 60d36.1%34.9%37.0%36.4%35.5%
IV Rank2.9%0.0%13.0%0.0%7.6%
IV Percentile1.3%0.0%6.0%0.0%4.0%
Term Structure0.2%-0.4%1.6%-0.1%0.5%
VWIV32.1%29.2%34.9%34.2%31.2%
Skew 25d1.1%-3.1%3.4%-3.1%1.3%
Skew 10d2.0%-7.4%7.1%-7.4%1.3%
Call IV 25d32.0%28.6%36.8%36.8%31.6%
Put IV 25d33.1%30.6%36.0%33.7%32.9%
Bid-Ask Spread %2.151.613.232.242.40
Gamma HHI0.090.050.600.050.06
Net GEX-43.3M-319.9M38.9M-2.1M10.1M
Net DEX417.3M-767.7M1.60B-300.4M-25.6M
Net VEX-18.9M-20.0M-18.1M-18.1M-20.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.261.500.470.55
Total Volume179,835.85777,615575,131575,131138,030
Total OI1,826,580.9051,622,1982,062,3221,766,1501,848,164

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$80.19$80.0034.2%9.3%39.1%0.0%34.2%-3.1%-0.1%-2.1M-300.4M-18.1M0.472.24N/AN/A392,010183,121904,976861,174
2021-07-02$80.35$80.0031.9%8.6%38.3%0.0%30.7%-1.9%-0.0%19.6M-454.9M-19.0M0.552.45N/AN/A211,244116,6381,025,063940,538
2021-07-06$81.12$80.0032.2%9.3%38.5%0.8%33.0%-0.7%0.0%38.9M-767.7M-18.8M0.601.67N/AN/A125,86975,992902,688888,798
2021-07-07$78.34$80.0033.2%9.4%37.0%4.3%33.8%-0.4%-0.3%-32.8M304.1M-18.8M0.401.67N/AN/A171,82469,536919,289925,127
2021-07-08$76.65$80.0033.6%9.6%37.1%5.8%34.9%0.7%-0.0%-64.8M918.8M-18.7M0.831.87N/AN/A117,60898,114941,818948,010
2021-07-09$78.58$80.0031.5%9.1%38.2%0.0%32.3%0.6%-0.4%-36.0M185.6M-18.9M0.491.85N/AN/A95,23847,036974,183983,528
2021-07-12$79.41$80.0031.6%9.0%38.4%0.4%32.7%0.4%0.2%-16.7M-179.5M-18.6M0.541.61N/AN/A92,21049,985904,506963,895
2021-07-13$78.56$80.0032.0%9.1%38.5%1.6%32.7%1.0%0.3%-35.3M166.4M-18.8M0.591.78N/AN/A60,40135,923942,041989,054
2021-07-14$78.58$80.0031.5%8.9%37.1%0.2%31.9%1.9%0.8%-33.5M116.7M-18.7M0.421.84N/AN/A92,65138,598946,950995,792
2021-07-15$76.73$80.0031.5%9.0%37.6%0.2%32.1%0.8%-0.0%-82.0M929.7M-18.3M1.071.91N/AN/A110,117117,657956,8931,000,272
2021-07-16$75.02$80.0031.3%8.9%38.3%0.0%31.1%1.7%0.0%-319.9M1.60B-18.3M0.782.08N/AN/A138,813107,865994,7571,067,565
2021-07-19$74.01$77.5033.4%9.6%35.0%7.3%33.5%2.9%0.0%-50.6M1.09B-18.3M1.502.41N/AN/A68,906103,406764,037858,161
2021-07-20$75.59$77.5030.6%8.8%36.0%0.0%31.0%2.2%1.0%-41.6M716.3M-18.9M0.432.44N/AN/A54,10623,509785,237886,625
2021-07-21$76.99$77.5030.5%8.7%36.4%0.0%31.1%1.5%0.5%-22.8M278.3M-19.3M0.502.26N/AN/A54,23327,223801,063895,875
2021-07-22$75.34$77.5030.0%8.5%36.5%0.0%30.9%2.6%1.6%-43.1M797.6M-18.7M1.162.75N/AN/A78,18790,379814,391901,282
2021-07-23$75.81$77.5029.4%8.3%35.7%0.0%29.2%2.1%0.9%-46.9M705.8M-19.3M0.722.19N/AN/A73,33652,760837,726947,250
2021-07-26$76.24$77.5031.8%9.0%35.0%7.7%31.5%1.9%-0.2%-41.5M525.3M-19.1M0.262.44N/AN/A74,59619,140777,420919,820
2021-07-27$73.84$77.5033.5%9.4%35.5%13.0%33.5%3.4%-0.2%-63.7M1.25B-18.6M0.702.12N/AN/A102,45071,544802,685943,635
2021-07-28$75.73$77.5031.8%8.9%37.2%7.8%31.5%2.4%0.2%-38.3M696.4M-19.4M0.693.23N/AN/A53,77637,039827,367947,340
2021-07-29$76.97$77.5030.9%8.5%36.1%4.7%31.0%2.3%0.3%-6.4M207.7M-19.8M0.592.04N/AN/A66,18639,297855,320967,884
2021-07-30$77.42$77.5031.8%8.7%30.7%7.6%31.2%1.3%0.5%10.1M-25.6M-20.0M0.552.40N/AN/A89,12048,910869,496978,668