MU Options History — March 2022

In March 2022, MU traded between $69.40 and $93.52. ATM implied volatility averaged 57.1%, placing in the 77.6% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 13.3% (HV 20d: 70.4%). Max pain ranged from $75.00 to $85.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.72.

Notable Days

2022-03-30: Highest Volume — 576,955 contracts
2022-03-30: Largest IV drop — 13.4% change
2022-03-01: Highest IV Rank — 100.0%
2022-03-07: Largest Expected Move — 20.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$79.12	$69.40	$93.52	$85.85	$78.33
Max Pain	$80.98	$75.00	$85.00	$85.00	$80.00
ATM IV	57.1%	43.1%	67.7%	59.0%	43.1%
Expected Move	15.7%	12.7%	20.2%	16.4%	12.7%
HV 20d	70.4%	47.1%	77.3%	47.1%	68.9%
HV 60d	54.6%	45.1%	59.5%	45.1%	56.2%
IV Rank	77.6%	41.3%	100.0%	100.0%	41.3%
IV Percentile	94.9%	75.8%	100.0%	100.0%	75.8%
Term Structure	-1.8%	-3.1%	0.4%	-2.3%	0.4%
VWIV	55.3%	45.1%	71.6%	58.4%	45.1%
Skew 25d	7.4%	1.5%	12.1%	9.3%	2.0%
Skew 10d	14.7%	3.4%	22.9%	19.7%	4.2%
Call IV 25d	54.5%	42.9%	61.9%	55.5%	42.9%
Put IV 25d	62.0%	44.8%	74.0%	64.8%	44.8%
Bid-Ask Spread %	2.13	1.65	2.71	2.09	2.22
Gamma HHI	0.06	0.04	0.09	0.05	0.04
Net GEX	-7.9M	-32.2M	34.0M	-2.3M	2.2M
Net DEX	434.7M	-1.75B	1.95B	-302.5M	362.4M
Net VEX	-17.6M	-19.2M	-15.6M	-19.0M	-17.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.37	1.30	1.04	0.54
Total Volume	188,151.174	88,995	576,955	88,995	311,386
Total OI	1,450,485.87	1,230,919	1,590,656	1,420,455	1,590,656

Daily Data (23 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
2022-03-01	$85.85	$85.00	59.0%	16.4%	47.1%	100.0%	58.4%	9.3%	-2.3%	-2.3M	-302.5M	-19.0M	1.04	2.09	N/A	N/A	43,608	45,387	621,079	799,376
2022-03-02	$93.52	$85.00	56.0%	14.9%	55.5%	91.0%	55.2%	8.0%	-1.9%	34.0M	-1.75B	-19.1M	0.62	1.65	N/A	N/A	122,851	75,889	626,454	810,983
2022-03-03	$88.65	$85.00	58.6%	15.9%	58.2%	98.7%	56.3%	9.2%	-2.2%	7.1M	-751.7M	-19.2M	0.53	1.88	N/A	N/A	121,917	64,534	643,506	827,932
2022-03-04	$81.28	$85.00	64.5%	17.7%	65.7%	100.0%	60.1%	11.1%	-2.6%	-25.8M	563.5M	-18.6M	0.62	2.22	N/A	N/A	135,484	83,435	657,252	829,380
2022-03-07	$75.80	$85.00	67.7%	20.2%	70.1%	100.0%	71.6%	12.1%	-1.3%	-25.3M	1.21B	-17.5M	0.77	2.02	N/A	N/A	93,810	72,641	630,276	809,805
2022-03-08	$77.58	$85.00	65.2%	19.4%	70.8%	93.9%	69.5%	11.5%	-1.3%	-20.7M	948.6M	-17.9M	0.83	1.95	N/A	N/A	79,241	65,995	661,114	815,182
2022-03-09	$79.93	$85.00	60.8%	17.6%	70.4%	83.5%	62.2%	10.4%	-1.7%	-15.4M	595.1M	-18.1M	0.64	2.07	N/A	N/A	66,613	42,546	672,938	823,297
2022-03-10	$75.50	$85.00	62.4%	17.7%	69.6%	87.2%	62.6%	10.7%	-1.7%	-28.8M	1.34B	-17.3M	0.81	2.04	N/A	N/A	78,941	63,944	687,513	831,554
2022-03-11	$72.95	$85.00	61.9%	17.6%	69.3%	86.0%	62.7%	10.1%	-0.3%	-28.6M	1.69B	-16.6M	0.88	1.94	N/A	N/A	63,151	55,466	708,621	842,584
2022-03-14	$69.40	$82.50	66.1%	17.0%	70.7%	96.0%	58.4%	11.3%	-2.9%	-32.2M	1.95B	-15.6M	1.04	2.08	N/A	N/A	59,171	61,708	671,671	818,532
2022-03-15	$73.12	$82.50	62.7%	16.4%	74.2%	88.0%	55.8%	10.2%	-3.1%	-25.0M	1.49B	-16.6M	0.79	2.37	N/A	N/A	68,099	53,628	684,650	824,246
2022-03-16	$78.68	$77.50	58.2%	15.3%	74.3%	77.1%	53.0%	7.1%	-3.1%	-12.4M	576.1M	-17.7M	0.69	2.49	N/A	N/A	110,638	76,665	693,682	829,307
2022-03-17	$80.52	$77.50	54.6%	14.6%	75.2%	68.7%	55.2%	6.8%	-2.9%	-9.8M	292.7M	-17.7M	0.83	2.71	N/A	N/A	73,134	60,439	702,738	845,733
2022-03-18	$79.54	$77.50	53.4%	14.2%	75.1%	65.8%	48.9%	6.7%	-2.9%	-21.9M	536.9M	-17.4M	0.70	2.67	N/A	N/A	99,917	70,336	713,748	863,821
2022-03-21	$77.23	$77.50	54.9%	14.4%	75.0%	69.4%	51.2%	7.1%	-1.5%	-9.3M	468.2M	-17.0M	0.68	2.08	N/A	N/A	105,702	72,166	533,935	696,984
2022-03-22	$79.37	$75.00	51.9%	13.7%	76.1%	62.2%	49.6%	5.2%	-1.4%	2.8M	99.9M	-17.6M	1.30	2.14	N/A	N/A	53,605	69,563	572,521	718,812
2022-03-23	$76.23	$77.50	54.6%	14.6%	76.0%	68.6%	51.0%	5.9%	-1.6%	-12.2M	625.5M	-17.0M	0.74	2.10	N/A	N/A	105,224	77,777	576,380	737,209
2022-03-24	$78.10	$77.50	54.2%	14.4%	76.5%	67.6%	50.0%	4.9%	-1.8%	4.6M	219.7M	-17.6M	0.37	1.99	N/A	N/A	138,831	52,054	612,222	758,796
2022-03-25	$77.68	$77.50	53.6%	14.3%	76.1%	66.2%	50.7%	4.5%	-2.1%	11.5M	294.9M	-17.5M	0.65	2.27	N/A	N/A	109,504	70,756	630,665	766,199
2022-03-28	$79.64	$77.50	54.9%	14.5%	76.8%	69.4%	51.5%	3.4%	-1.8%	1.6M	-36.7M	-17.6M	0.49	2.01	N/A	N/A	120,488	59,410	590,637	744,703
2022-03-29	$82.06	$77.50	51.2%	13.7%	77.3%	60.4%	48.9%	2.0%	-1.4%	16.1M	-539.4M	-17.8M	0.53	2.11	N/A	N/A	192,272	102,596	630,637	766,908
2022-03-30	$78.88	$80.00	44.3%	12.8%	70.9%	44.1%	45.3%	1.5%	0.1%	8.1M	125.5M	-17.4M	0.46	1.99	N/A	N/A	395,538	181,417	680,952	805,985
2022-03-31	$78.33	$80.00	43.1%	12.7%	68.9%	41.3%	45.1%	2.0%	0.4%	2.2M	362.4M	-17.4M	0.54	2.22	N/A	N/A	202,591	108,795	754,552	836,104