MU Options History — May 2022

In May 2022, MU traded between $66.84 and $74.19. ATM implied volatility averaged 51.2%, placing in the 60.6% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 4.1% (HV 20d: 47.1%). Max pain ranged from $75.00 to $80.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.93.

Notable Days

  • 2022-05-20: Highest Volume — 171,192 contracts
  • 2022-05-18: Largest IV spike — 12.7% change
  • 2022-05-11: Highest IV Rank — 76.0%
  • 2022-05-02: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.24$66.84$74.19$69.98$73.83
Max Pain$78.24$75.00$80.00$75.00$76.00
ATM IV51.2%45.2%57.7%53.3%48.2%
Expected Move14.7%12.6%16.4%16.4%13.0%
HV 20d47.1%37.2%54.4%38.6%52.5%
HV 60d56.1%51.8%57.6%56.3%51.8%
IV Rank60.6%46.2%76.0%65.6%53.5%
IV Percentile84.6%66.7%95.6%90.9%75.4%
Term Structure0.4%-1.4%4.6%-0.6%-0.8%
VWIV52.0%44.1%58.5%57.2%46.5%
Skew 25d8.0%6.9%8.9%8.6%7.8%
Skew 10d16.1%13.3%18.0%16.8%15.9%
Call IV 25d47.6%40.2%54.7%49.1%45.4%
Put IV 25d55.6%47.6%62.2%57.7%53.2%
Bid-Ask Spread %2.321.663.632.271.91
Gamma HHI0.070.050.090.070.06
Net GEX-17.1M-31.9M1.5M-16.0M-7.9M
Net DEX1.03B338.9M1.64B1.11B385.4M
Net VEX-14.8M-16.2M-13.7M-15.7M-14.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.591.420.700.98
Total Volume104,265.76264,356171,19270,54178,278
Total OI1,412,879.6191,281,9731,486,1591,408,3231,347,334

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$69.98$75.0053.3%16.4%38.6%65.6%57.2%8.6%-0.6%-16.0M1.11B-15.7M0.702.27N/AN/A41,50529,036640,101768,222
2022-05-03$71.09$75.0051.4%15.8%37.3%61.0%54.8%8.1%-0.4%-10.3M915.4M-15.9M0.701.77N/AN/A42,38029,727651,456776,682
2022-05-04$73.58$75.0046.2%13.9%37.2%48.5%49.7%6.9%0.1%190.5K462.5M-16.2M1.112.07N/AN/A55,29061,502660,392782,209
2022-05-05$71.02$80.0051.2%14.6%39.2%60.6%51.6%7.6%-0.8%-12.0M976.9M-15.8M0.812.26N/AN/A35,61528,741661,978796,555
2022-05-06$70.06$80.0051.9%14.8%39.4%62.2%51.5%8.1%-0.7%-18.1M1.16B-15.5M1.112.93N/AN/A52,22657,803667,089800,850
2022-05-09$67.93$80.0057.4%16.2%40.2%75.2%56.4%8.9%-0.6%-24.1M1.44B-14.7M0.612.50N/AN/A56,50434,540633,750772,700
2022-05-10$69.15$80.0057.0%16.0%40.9%74.3%58.5%8.3%-1.4%-17.7M1.21B-15.0M1.162.44N/AN/A42,72649,373646,232771,530
2022-05-11$67.14$80.0057.7%16.3%42.0%76.0%56.0%7.4%-1.0%-26.1M1.54B-14.4M0.592.91N/AN/A51,56630,343649,442785,190
2022-05-12$66.84$80.0057.0%16.2%41.7%74.4%56.9%8.4%-0.9%-31.9M1.64B-14.2M0.972.23N/AN/A84,68482,501662,870790,381
2022-05-13$72.26$80.0051.3%14.7%49.5%60.8%52.4%7.2%-0.0%1.5M661.8M-15.2M0.762.86N/AN/A85,32164,531680,528805,631
2022-05-16$70.60$80.0050.1%14.4%50.2%57.9%50.6%7.2%-0.7%-21.3M1.06B-14.4M1.161.83N/AN/A37,35343,480629,844775,903
2022-05-17$74.19$80.0046.0%13.2%52.6%48.2%46.8%6.9%-0.0%-2.0M400.2M-14.9M0.812.74N/AN/A57,97147,028637,537787,290
2022-05-18$71.30$80.0051.9%14.9%54.4%62.1%52.0%8.7%-0.1%-17.6M945.8M-14.7M1.422.41N/AN/A49,67370,303649,627794,225
2022-05-19$69.90$80.0051.0%14.7%53.4%60.1%51.0%8.3%-1.0%-29.5M1.21B-14.5M0.742.04N/AN/A45,71533,741654,186803,383
2022-05-20$68.35$80.0052.1%15.0%53.7%62.6%54.2%7.9%-1.1%-23.6M1.50B-14.1M1.252.42N/AN/A76,14595,047662,497808,699
2022-05-23$69.13$77.5049.0%14.2%53.9%55.4%49.7%8.0%3.0%-23.4M1.12B-14.1M0.821.78N/AN/A48,81140,177548,640733,333
2022-05-24$66.84$75.0051.0%14.9%53.9%60.1%55.1%8.7%2.7%-29.2M1.43B-13.7M1.372.14N/AN/A50,66369,529568,717748,689
2022-05-25$68.05$77.5050.0%14.6%54.1%57.6%49.8%8.8%3.2%-26.2M1.26B-14.1M0.941.97N/AN/A57,32154,015576,627773,092
2022-05-26$70.66$76.0046.9%13.3%52.3%50.3%47.4%8.2%3.9%-11.8M838.7M-14.6M0.893.63N/AN/A56,83950,548589,095788,630
2022-05-27$73.18$76.0045.2%12.6%52.8%46.2%44.1%7.3%4.6%-12.3M338.9M-14.8M0.681.66N/AN/A66,00645,024594,358794,978
2022-05-31$73.83$76.0048.2%13.0%52.5%53.5%46.5%7.8%-0.8%-7.9M385.4M-14.6M0.981.91N/AN/A39,54838,730571,258776,076