MU Options History — January 2022

In January 2022, MU traded between $78.31 and $97.07. ATM implied volatility averaged 41.9%, placing in the 50.6% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 1.2% (HV 20d: 43.0%). Max pain ranged from $85.00 to $92.50. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.77.

Notable Days

2022-01-05: Highest Volume — 318,648 contracts
2022-01-18: Largest IV spike — 10.5% change
2022-01-27: Highest IV Rank — 75.0%
2022-01-27: Largest Expected Move — 15.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$89.40	$78.31	$97.07	$95.69	$81.29
Max Pain	$89.55	$85.00	$92.50	$85.00	$90.00
ATM IV	41.9%	36.3%	49.6%	36.3%	43.1%
Expected Move	12.2%	10.3%	15.0%	10.3%	12.9%
HV 20d	43.0%	33.7%	49.4%	48.3%	37.6%
HV 60d	40.0%	37.6%	43.5%	39.0%	43.5%
IV Rank	50.6%	33.1%	75.0%	33.1%	54.4%
IV Percentile	65.6%	36.5%	91.7%	36.5%	75.0%
Term Structure	-0.4%	-2.0%	0.4%	0.2%	-0.3%
VWIV	43.3%	37.4%	52.0%	37.4%	45.8%
Skew 25d	3.8%	-0.4%	10.2%	0.4%	6.7%
Skew 10d	7.9%	-0.0%	20.3%	0.4%	13.6%
Call IV 25d	41.2%	36.8%	46.2%	37.2%	40.8%
Put IV 25d	45.1%	37.6%	56.3%	37.6%	47.4%
Bid-Ask Spread %	1.83	1.51	2.67	1.65	1.89
Gamma HHI	0.08	0.05	0.13	0.11	0.05
Net GEX	31.9M	-25.1M	99.2M	70.0M	-10.8M
Net DEX	-1.28B	-3.23B	1.08B	-2.97B	427.1M
Net VEX	-19.6M	-20.6M	-19.0M	-19.8M	-19.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.77	0.31	1.24	0.41	0.70
Total Volume	165,855.45	98,531	318,648	164,637	141,210
Total OI	1,766,978.65	1,375,807	1,990,586	1,796,497	1,482,058

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
2022-01-03	$95.69	$85.00	36.3%	10.3%	48.3%	33.1%	37.4%	0.4%	0.2%	70.0M	-2.97B	-19.8M	0.41	1.65	N/A	N/A	117,025	47,612	786,622	1,009,875
2022-01-04	$96.18	$86.00	37.0%	10.5%	48.2%	35.2%	37.7%	-0.4%	0.0%	77.1M	-3.14B	-19.5M	0.58	1.72	N/A	N/A	78,937	46,124	800,984	1,018,780
2022-01-05	$94.95	$85.00	39.1%	11.0%	47.2%	42.0%	39.6%	0.1%	0.3%	66.0M	-2.72B	-20.0M	0.31	1.53	N/A	N/A	243,233	75,415	803,856	1,024,389
2022-01-06	$95.72	$90.00	39.6%	11.4%	47.2%	43.5%	40.2%	0.3%	0.1%	72.4M	-2.81B	-20.4M	0.73	1.87	N/A	N/A	122,274	88,973	835,921	1,056,878
2022-01-07	$94.67	$90.00	38.7%	11.2%	47.3%	40.6%	40.6%	0.8%	0.4%	53.9M	-2.54B	-20.6M	0.78	2.67	N/A	N/A	82,380	64,642	858,240	1,076,874
2022-01-10	$93.27	$90.00	39.6%	11.4%	47.8%	43.5%	40.6%	1.6%	-0.1%	46.3M	-2.10B	-20.3M	1.24	1.83	N/A	N/A	67,927	84,477	813,213	1,053,068
2022-01-11	$93.92	$90.00	36.9%	10.6%	47.5%	34.8%	38.4%	2.3%	0.2%	55.2M	-2.30B	-19.9M	0.85	1.67	N/A	N/A	56,910	48,267	823,396	1,060,851
2022-01-12	$95.29	$90.00	36.5%	10.5%	46.9%	33.6%	37.7%	1.7%	-0.0%	68.7M	-2.71B	-19.7M	0.59	1.64	N/A	N/A	62,130	36,401	829,207	1,070,922
2022-01-13	$96.05	$90.00	38.4%	11.0%	46.6%	39.8%	38.7%	0.9%	-0.0%	76.3M	-2.96B	-19.8M	0.45	1.51	N/A	N/A	179,570	80,565	838,290	1,079,774
2022-01-14	$97.07	$92.50	37.3%	10.7%	44.9%	36.3%	38.4%	1.8%	0.0%	99.2M	-3.23B	-19.8M	0.53	1.82	N/A	N/A	85,514	45,003	858,320	1,105,551
2022-01-18	$93.03	$90.00	41.2%	11.8%	48.3%	48.7%	41.5%	2.2%	-1.1%	42.1M	-1.90B	-19.4M	0.84	1.64	N/A	N/A	73,090	61,134	825,571	1,080,999
2022-01-19	$90.47	$92.50	41.0%	11.7%	49.4%	47.8%	41.2%	3.0%	-0.9%	25.1M	-1.17B	-19.4M	0.76	1.62	N/A	N/A	86,597	65,389	842,370	1,092,418
2022-01-20	$85.26	$90.00	43.6%	12.6%	39.3%	56.1%	44.2%	4.8%	-1.4%	-3.9M	204.7M	-19.2M	0.76	1.68	N/A	N/A	105,897	80,217	858,640	1,104,311
2022-01-21	$82.36	$90.00	46.6%	13.5%	40.8%	65.5%	48.7%	5.9%	-2.0%	-25.1M	868.2M	-19.1M	0.90	1.71	N/A	N/A	115,392	103,447	875,656	1,114,930
2022-01-24	$82.03	$90.00	48.3%	14.4%	35.1%	71.1%	52.0%	8.0%	-0.6%	-9.9M	400.2M	-19.2M	0.95	2.35	N/A	N/A	80,717	76,482	609,366	766,441
2022-01-25	$81.27	$90.00	49.4%	14.6%	35.1%	74.3%	51.8%	8.7%	-0.7%	-10.0M	493.5M	-19.1M	1.15	2.10	N/A	N/A	72,230	83,377	628,703	782,235
2022-01-26	$81.88	$90.00	47.0%	14.3%	35.5%	66.8%	50.0%	8.7%	-0.6%	-9.7M	535.6M	-19.3M	0.77	1.72	N/A	N/A	84,281	65,255	660,452	811,304
2022-01-27	$79.25	$90.00	49.6%	15.0%	34.0%	75.0%	51.9%	10.2%	-0.6%	-19.2M	888.0M	-19.2M	1.06	1.65	N/A	N/A	63,328	67,088	668,083	814,330
2022-01-28	$78.31	$90.00	48.0%	14.4%	33.7%	69.9%	50.5%	9.1%	-0.5%	-25.0M	1.08B	-19.0M	1.03	2.31	N/A	N/A	88,186	90,413	683,717	832,978
2022-01-31	$81.29	$90.00	43.1%	12.9%	37.6%	54.4%	45.8%	6.7%	-0.3%	-10.8M	427.1M	-19.2M	0.70	1.89	N/A	N/A	83,294	57,916	661,955	820,103