MU Options History — December 2021

In December 2021, MU traded between $81.03 and $96.17. ATM implied volatility averaged 44.0%, placing in the 57.4% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 0.4% (HV 20d: 44.4%). Max pain ranged from $75.00 to $85.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.60.

Notable Days

2021-12-21: Highest Volume — 553,941 contracts
2021-12-21: Largest IV drop — 24.7% change
2021-12-20: Highest IV Rank — 88.6%
2021-12-20: Largest Expected Move — 15.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$87.39	$81.03	$96.17	$86.04	$93.51
Max Pain	$76.70	$75.00	$85.00	$75.00	$85.00
ATM IV	44.0%	35.5%	53.9%	49.6%	35.5%
Expected Move	12.2%	9.9%	15.2%	13.5%	9.9%
HV 20d	44.4%	32.1%	51.8%	37.9%	49.5%
HV 60d	33.9%	29.7%	39.0%	29.7%	38.9%
IV Rank	57.4%	30.6%	88.6%	75.2%	30.6%
IV Percentile	68.5%	32.9%	97.2%	90.5%	32.9%
Term Structure	-0.8%	-2.5%	0.6%	-1.2%	0.3%
VWIV	44.0%	36.2%	54.2%	48.7%	36.2%
Skew 25d	1.5%	-1.6%	6.2%	0.9%	-0.1%
Skew 10d	3.3%	-2.8%	12.7%	1.9%	0.1%
Call IV 25d	44.7%	36.3%	53.4%	50.9%	36.3%
Put IV 25d	46.2%	36.3%	56.5%	51.8%	36.3%
Bid-Ask Spread %	1.97	1.56	3.01	2.64	1.67
Gamma HHI	0.07	0.05	0.13	0.05	0.08
Net GEX	44.3M	13.2M	94.2M	46.1M	61.1M
Net DEX	-2.41B	-4.04B	-913.5M	-2.61B	-2.45B
Net VEX	-21.2M	-23.1M	-19.9M	-22.9M	-20.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.23	0.96	0.46	0.71
Total Volume	199,213.955	80,727	553,941	280,112	132,892
Total OI	1,886,832.409	1,650,468	1,987,112	1,904,550	1,883,946

Daily Data (22 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
2021-12-01	$86.04	$75.00	49.6%	13.5%	37.9%	75.2%	48.7%	0.9%	-1.2%	46.1M	-2.61B	-22.9M	0.46	2.64	N/A	N/A	191,223	88,889	881,515	1,023,035
2021-12-02	$83.26	$75.00	49.1%	13.1%	40.8%	73.5%	46.5%	2.4%	-0.9%	24.0M	-1.77B	-22.8M	0.74	2.05	N/A	N/A	102,550	76,068	900,911	1,048,799
2021-12-03	$81.03	$75.00	51.9%	14.3%	42.6%	82.4%	50.5%	5.6%	-1.2%	13.2M	-1.12B	-23.1M	0.69	2.15	N/A	N/A	93,503	64,721	921,814	1,061,089
2021-12-06	$82.44	$75.00	49.0%	13.3%	42.7%	73.1%	47.8%	6.2%	-1.5%	18.3M	-1.49B	-22.4M	0.96	3.01	N/A	N/A	54,996	52,758	838,176	1,021,108
2021-12-07	$85.74	$75.00	46.1%	12.8%	44.0%	64.1%	44.9%	3.0%	-0.7%	39.4M	-2.52B	-21.7M	0.53	1.79	N/A	N/A	110,977	59,239	848,649	1,025,946
2021-12-08	$86.10	$75.00	45.0%	12.4%	43.9%	60.6%	44.7%	2.4%	-1.0%	43.6M	-2.59B	-21.7M	0.62	1.68	N/A	N/A	81,620	50,450	877,474	1,050,824
2021-12-09	$85.25	$75.00	44.9%	12.2%	41.9%	60.1%	44.2%	2.3%	-1.4%	43.8M	-2.34B	-22.0M	0.77	2.51	N/A	N/A	53,807	41,507	898,650	1,062,422
2021-12-10	$85.49	$75.00	42.9%	11.8%	41.7%	53.7%	42.5%	1.3%	-1.3%	33.3M	-2.47B	-21.6M	0.70	1.90	N/A	N/A	62,638	43,859	906,823	1,068,722
2021-12-13	$84.70	$75.00	45.9%	12.6%	40.8%	63.2%	45.7%	0.9%	-1.5%	27.5M	-2.15B	-21.6M	0.48	1.69	N/A	N/A	71,076	33,988	869,674	1,042,768
2021-12-14	$83.28	$75.00	46.3%	12.7%	41.4%	64.6%	45.5%	2.4%	-1.7%	20.5M	-1.77B	-21.2M	0.56	1.80	N/A	N/A	51,857	28,870	885,618	1,050,769
2021-12-15	$84.96	$75.00	45.5%	12.5%	41.8%	62.0%	44.4%	2.5%	-1.9%	30.5M	-2.26B	-21.3M	0.54	2.36	N/A	N/A	58,061	31,602	891,812	1,057,132
2021-12-16	$82.60	$75.00	48.3%	13.4%	42.6%	70.9%	48.1%	1.5%	-1.9%	13.5M	-1.47B	-21.4M	0.56	1.56	N/A	N/A	86,573	48,542	893,711	1,064,609
2021-12-17	$82.95	$75.00	48.8%	13.5%	42.2%	72.5%	49.5%	1.9%	-2.5%	16.9M	-1.64B	-21.3M	0.79	1.74	N/A	N/A	72,849	57,345	911,799	1,075,313
2021-12-20	$81.96	$75.00	53.9%	15.2%	32.1%	88.6%	54.2%	1.7%	-2.0%	13.7M	-913.5M	-21.2M	0.85	1.68	N/A	N/A	138,925	118,715	742,200	908,268
2021-12-21	$90.83	$77.50	40.6%	11.6%	48.6%	46.6%	41.7%	0.9%	-0.7%	70.8M	-3.09B	-20.2M	0.49	1.71	N/A	N/A	372,064	181,877	793,118	969,677
2021-12-22	$89.85	$77.50	37.6%	10.8%	48.9%	37.0%	39.0%	0.3%	0.5%	73.5M	-2.75B	-20.4M	0.64	1.74	N/A	N/A	126,770	80,877	828,773	1,011,333
2021-12-23	$94.58	$77.50	37.2%	10.6%	51.8%	35.9%	38.7%	-0.9%	0.6%	94.2M	-4.04B	-20.1M	0.36	1.77	N/A	N/A	317,702	113,050	848,874	1,027,485
2021-12-27	$94.17	$80.00	38.5%	10.9%	50.2%	39.9%	39.7%	-1.6%	0.4%	60.9M	-3.28B	-20.3M	0.41	1.77	N/A	N/A	106,759	43,808	796,110	982,445
2021-12-28	$93.37	$80.00	36.3%	10.3%	49.8%	33.0%	37.4%	0.4%	0.4%	65.0M	-3.11B	-19.9M	0.73	1.80	N/A	N/A	89,750	65,445	817,544	998,011
2021-12-29	$96.17	$80.00	38.7%	11.0%	50.4%	40.6%	39.5%	-1.6%	0.2%	83.8M	-3.87B	-19.9M	0.23	2.48	N/A	N/A	361,091	82,857	830,436	1,001,709
2021-12-30	$94.22	$80.00	36.6%	10.3%	51.2%	34.2%	37.9%	-0.3%	0.5%	80.1M	-3.33B	-19.9M	0.40	1.78	N/A	N/A	200,377	80,180	870,455	1,020,767
2021-12-31	$93.51	$85.00	35.5%	9.9%	49.5%	30.6%	36.2%	-0.1%	0.3%	61.1M	-2.45B	-20.2M	0.71	1.67	N/A	N/A	77,517	55,375	834,437	1,049,509