MU Options History — February 2022

In February 2022, MU traded between $81.06 and $96.13. ATM implied volatility averaged 46.0%, placing in the 63.7% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 0.9% (HV 20d: 45.0%). Max pain ranged from $82.50 to $90.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.83.

Notable Days

2022-02-10: Highest Volume — 329,156 contracts
2022-02-28: Largest IV spike — 12.3% change
2022-02-28: Highest IV Rank — 92.7%
2022-02-23: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$88.16	$81.06	$96.13	$81.34	$88.28
Max Pain	$85.00	$82.50	$90.00	$90.00	$85.00
ATM IV	46.0%	38.7%	54.9%	41.8%	54.9%
Expected Move	13.2%	11.4%	15.1%	12.6%	14.9%
HV 20d	45.0%	36.0%	52.0%	36.0%	47.1%
HV 60d	44.7%	43.5%	46.9%	43.5%	45.3%
IV Rank	63.7%	40.7%	92.7%	50.5%	92.7%
IV Percentile	80.7%	59.1%	98.8%	71.4%	98.8%
Term Structure	1.4%	-0.4%	5.2%	-0.3%	1.9%
VWIV	47.2%	40.6%	55.8%	44.5%	52.6%
Skew 25d	5.7%	2.9%	7.6%	6.0%	6.5%
Skew 10d	11.9%	6.8%	20.5%	12.9%	20.5%
Call IV 25d	44.1%	38.0%	52.2%	39.9%	52.2%
Put IV 25d	49.7%	42.2%	58.7%	45.9%	58.7%
Bid-Ask Spread %	1.80	1.50	2.00	1.75	1.91
Gamma HHI	0.06	0.05	0.10	0.05	0.06
Net GEX	18.3M	-5.8M	58.3M	-5.4M	8.0M
Net DEX	-931.9M	-2.77B	449.6M	388.2M	-719.1M
Net VEX	-19.6M	-20.6M	-19.0M	-19.4M	-19.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.54	1.11	1.07	1.11
Total Volume	157,514.526	63,807	329,156	105,169	92,303
Total OI	1,555,512.526	1,375,927	1,692,804	1,532,256	1,401,206

Daily Data (19 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
2022-02-01	$81.34	$90.00	41.8%	12.6%	36.0%	50.5%	44.5%	6.0%	-0.3%	-5.4M	388.2M	-19.4M	1.07	1.75	N/A	N/A	50,762	54,407	694,012	838,244
2022-02-02	$84.40	$90.00	40.2%	12.1%	39.2%	45.3%	43.3%	4.8%	-0.1%	13.1M	-279.7M	-19.7M	0.72	1.82	N/A	N/A	84,980	61,327	702,861	850,999
2022-02-03	$82.27	$82.50	44.0%	12.6%	39.7%	57.5%	44.5%	5.7%	-0.4%	499.1K	190.7M	-19.9M	0.97	2.00	N/A	N/A	51,284	49,696	715,962	864,464
2022-02-04	$81.46	$82.50	42.8%	12.2%	39.3%	53.6%	43.8%	4.7%	-0.1%	-4.7M	389.7M	-19.5M	0.81	1.66	N/A	N/A	58,880	47,985	717,970	866,959
2022-02-07	$81.06	$82.50	42.1%	12.2%	39.3%	51.3%	43.0%	5.5%	0.6%	-5.8M	449.6M	-19.1M	0.76	1.78	N/A	N/A	36,328	27,479	688,050	841,478
2022-02-08	$83.95	$82.50	40.8%	11.7%	42.0%	47.4%	40.7%	4.9%	-0.0%	13.3M	-145.3M	-19.4M	0.80	1.50	N/A	N/A	92,258	73,362	697,690	845,185
2022-02-09	$88.61	$85.00	38.7%	11.4%	46.9%	40.7%	40.6%	4.2%	1.2%	33.9M	-1.21B	-19.6M	0.62	1.73	N/A	N/A	100,882	62,713	720,335	864,907
2022-02-10	$90.52	$85.00	42.6%	12.3%	47.3%	53.0%	43.6%	2.9%	0.3%	40.6M	-1.74B	-20.0M	0.54	1.75	N/A	N/A	213,287	115,869	736,449	876,028
2022-02-11	$89.25	$85.00	47.7%	13.6%	47.3%	69.0%	47.4%	6.4%	-0.4%	25.8M	-1.26B	-20.6M	0.74	1.82	N/A	N/A	142,018	105,657	769,468	899,938
2022-02-14	$89.40	$85.00	48.8%	13.9%	47.0%	72.4%	50.0%	6.0%	-0.1%	23.9M	-1.13B	-20.4M	0.67	1.90	N/A	N/A	75,865	50,799	734,561	873,618
2022-02-15	$96.13	$85.00	46.4%	13.3%	52.0%	64.9%	48.1%	4.8%	0.5%	56.7M	-2.77B	-19.7M	0.62	1.83	N/A	N/A	117,433	73,324	745,506	882,938
2022-02-16	$96.10	$85.00	45.5%	13.0%	50.9%	62.1%	46.5%	4.8%	1.1%	58.3M	-2.72B	-19.7M	0.96	1.85	N/A	N/A	90,358	86,773	758,075	902,541
2022-02-17	$94.12	$85.00	46.7%	13.3%	46.2%	65.9%	49.0%	5.9%	4.2%	43.8M	-2.16B	-19.8M	0.95	1.91	N/A	N/A	82,407	78,112	767,878	912,551
2022-02-18	$91.21	$85.00	48.7%	13.8%	45.9%	72.1%	50.1%	6.7%	2.0%	1.1M	-1.44B	-20.0M	0.99	1.92	N/A	N/A	106,487	105,394	768,075	924,729
2022-02-22	$91.11	$85.00	49.2%	14.2%	45.8%	73.9%	49.4%	7.6%	3.4%	16.3M	-1.21B	-19.2M	0.64	1.58	N/A	N/A	104,599	66,710	593,407	782,520
2022-02-23	$87.39	$85.00	52.3%	15.1%	48.5%	83.4%	54.2%	7.5%	3.7%	3.0M	-541.5M	-19.2M	1.06	1.87	N/A	N/A	77,603	82,027	620,292	796,810
2022-02-24	$88.57	$85.00	51.6%	14.7%	48.6%	81.3%	55.8%	6.0%	3.5%	7.5M	-724.5M	-19.4M	0.91	1.73	N/A	N/A	80,917	73,275	633,566	806,383
2022-02-25	$89.87	$85.00	48.9%	13.3%	46.8%	73.6%	50.2%	6.5%	5.2%	18.2M	-1.06B	-19.0M	0.82	1.86	N/A	N/A	65,671	53,545	644,773	814,310
2022-02-28	$88.28	$85.00	54.9%	14.9%	47.1%	92.7%	52.6%	6.5%	1.9%	8.0M	-719.1M	-19.0M	1.11	1.91	N/A	N/A	43,830	48,473	613,565	787,641