MU Options History — November 2021

In November 2021, MU traded between $70.54 and $86.23. ATM implied volatility averaged 36.4%, placing in the 33.4% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 9.6% (HV 20d: 26.9%). Max pain ranged from $75.00 to $75.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.45.

Notable Days

2021-11-19: Highest Volume — 557,369 contracts
2021-11-19: Largest IV spike — 17.2% change
2021-11-30: Highest IV Rank — 69.5%
2021-11-30: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$77.81	$70.54	$86.23	$70.54	$85.34
Max Pain	$75.00	$75.00	$75.00	$75.00	$75.00
ATM IV	36.4%	28.9%	47.8%	28.9%	47.8%
Expected Move	10.1%	8.4%	13.0%	8.5%	13.0%
HV 20d	26.9%	15.4%	37.9%	23.2%	37.9%
HV 60d	25.9%	21.8%	29.8%	28.1%	29.8%
IV Rank	33.4%	9.6%	69.5%	9.6%	69.5%
IV Percentile	36.5%	4.0%	82.5%	4.0%	82.5%
Term Structure	0.8%	-2.2%	5.3%	0.2%	-0.9%
VWIV	36.2%	29.4%	46.1%	30.0%	46.1%
Skew 25d	-1.0%	-4.1%	2.4%	2.4%	0.9%
Skew 10d	-1.8%	-8.9%	3.2%	3.1%	2.0%
Call IV 25d	38.0%	28.5%	50.6%	28.5%	48.4%
Put IV 25d	37.0%	30.6%	49.2%	30.9%	49.2%
Bid-Ask Spread %	2.15	1.84	3.44	1.98	1.93
Gamma HHI	0.07	0.05	0.16	0.08	0.05
Net GEX	30.9M	-38.3M	73.2M	-38.3M	46.1M
Net DEX	-1.30B	-3.82B	1.01B	1.01B	-2.51B
Net VEX	-22.1M	-22.9M	-21.0M	-21.0M	-22.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.20	0.99	0.41	0.99
Total Volume	205,042.286	90,220	557,369	125,080	135,932
Total OI	1,959,170.143	1,766,248	2,102,599	1,868,541	1,874,604

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
2021-11-01	$70.54	$75.00	28.9%	8.5%	23.2%	9.6%	30.0%	2.4%	0.2%	-38.3M	1.01B	-21.0M	0.41	1.98	N/A	N/A	88,549	36,531	782,145	1,086,396
2021-11-02	$70.82	$75.00	29.2%	8.5%	23.3%	10.8%	29.9%	1.8%	0.2%	-27.2M	867.9M	-21.5M	0.73	2.04	N/A	N/A	57,291	41,712	814,284	1,096,357
2021-11-03	$71.23	$75.00	29.2%	8.4%	22.6%	10.6%	29.4%	1.6%	0.4%	-13.4M	694.1M	-21.4M	0.41	1.92	N/A	N/A	93,865	38,152	830,458	1,096,156
2021-11-04	$71.92	$75.00	30.6%	8.8%	22.3%	14.9%	31.4%	1.1%	0.5%	4.8M	384.4M	-21.9M	0.33	3.09	N/A	N/A	111,089	36,960	847,031	1,105,585
2021-11-05	$72.99	$75.00	30.7%	8.9%	22.6%	15.4%	32.3%	-0.5%	0.6%	50.8M	-96.2M	-22.2M	0.34	2.19	N/A	N/A	114,930	38,982	856,868	1,107,993
2021-11-08	$74.62	$75.00	35.2%	9.9%	23.3%	29.5%	36.5%	-1.8%	-0.2%	8.0M	-613.2M	-22.5M	0.20	2.74	N/A	N/A	285,026	58,106	833,403	1,086,795
2021-11-09	$75.78	$75.00	34.3%	9.8%	15.4%	26.7%	35.2%	-1.8%	-0.2%	34.3M	-1.16B	-22.7M	0.22	3.44	N/A	N/A	204,762	45,937	896,411	1,092,924
2021-11-10	$73.35	$75.00	34.1%	9.7%	20.7%	26.0%	34.9%	-0.6%	-0.2%	11.8M	-165.9M	-22.3M	0.34	2.21	N/A	N/A	109,039	37,229	920,415	1,100,978
2021-11-11	$74.66	$75.00	32.2%	9.1%	20.6%	20.0%	32.3%	-0.1%	-0.4%	41.4M	-727.8M	-21.8M	0.32	1.96	N/A	N/A	110,013	34,649	929,565	1,102,699
2021-11-12	$77.25	$75.00	32.8%	9.4%	22.9%	21.9%	33.5%	-1.8%	-0.1%	43.1M	-1.94B	-22.1M	0.37	2.06	N/A	N/A	284,358	103,866	939,808	1,105,423
2021-11-15	$76.93	$75.00	33.5%	9.6%	22.9%	24.3%	34.4%	-1.8%	4.7%	40.5M	-1.57B	-22.0M	0.45	1.90	N/A	N/A	98,828	44,869	910,325	1,109,393
2021-11-16	$76.92	$75.00	33.0%	9.5%	23.0%	22.7%	33.9%	-1.3%	4.8%	46.0M	-1.57B	-22.0M	0.72	1.90	N/A	N/A	81,857	58,636	929,134	1,128,143
2021-11-17	$75.50	$75.00	33.1%	9.5%	24.5%	22.8%	34.2%	-1.3%	4.7%	33.4M	-920.4M	-22.0M	0.60	1.84	N/A	N/A	56,254	33,966	938,206	1,140,159
2021-11-18	$77.10	$75.00	34.1%	9.5%	25.1%	26.2%	33.7%	-0.9%	5.3%	51.2M	-1.72B	-21.8M	0.43	2.04	N/A	N/A	110,606	47,386	942,733	1,144,891
2021-11-19	$83.33	$75.00	40.0%	10.9%	34.9%	44.7%	39.0%	-4.0%	5.1%	48.3M	-3.82B	-21.8M	0.30	1.89	N/A	N/A	430,359	127,010	952,828	1,149,771
2021-11-22	$84.64	$75.00	43.9%	11.5%	34.9%	57.0%	41.9%	-4.1%	-1.4%	50.0M	-2.71B	-22.0M	0.38	1.91	N/A	N/A	262,627	99,133	821,395	944,853
2021-11-23	$85.21	$75.00	45.6%	11.8%	34.9%	62.3%	42.9%	-3.6%	-1.6%	55.8M	-2.78B	-22.6M	0.38	2.18	N/A	N/A	236,632	90,472	862,941	978,921
2021-11-24	$86.23	$75.00	44.7%	11.5%	34.2%	59.5%	41.0%	-3.4%	-1.5%	73.2M	-3.09B	-22.4M	0.39	2.01	N/A	N/A	149,796	58,434	892,101	1,003,990
2021-11-26	$83.62	$75.00	47.4%	12.5%	37.3%	68.2%	45.6%	-1.6%	-2.2%	40.4M	-2.25B	-22.9M	0.64	1.96	N/A	N/A	79,957	50,972	922,987	1,018,468
2021-11-29	$85.98	$75.00	44.7%	11.9%	37.6%	59.6%	42.8%	-0.2%	-1.2%	49.1M	-2.73B	-22.0M	0.59	1.99	N/A	N/A	76,342	44,774	857,763	987,273
2021-11-30	$85.34	$75.00	47.8%	13.0%	37.9%	69.5%	46.1%	0.9%	-0.9%	46.1M	-2.51B	-22.5M	0.99	1.93	N/A	N/A	68,389	67,543	875,407	999,197