MU Options History — July 2022

In July 2022, MU traded between $53.53 and $63.32. ATM implied volatility averaged 43.8%, placing in the 42.8% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 2.0% (HV 20d: 45.8%). Max pain ranged from $57.50 to $62.50. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.09.

Notable Days

2022-07-01: Highest Volume — 377,319 contracts
2022-07-27: Largest IV drop — 6.0% change
2022-07-05: Highest IV Rank — 53.0%
2022-07-05: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.94	$53.53	$63.32	$53.53	$62.01
Max Pain	$60.00	$57.50	$62.50	$62.50	$60.00
ATM IV	43.8%	38.7%	48.0%	46.4%	38.7%
Expected Move	12.4%	11.0%	13.4%	13.2%	11.0%
HV 20d	45.8%	37.5%	55.3%	51.5%	39.8%
HV 60d	50.0%	48.0%	50.6%	48.0%	49.6%
IV Rank	42.8%	30.8%	53.0%	49.1%	30.8%
IV Percentile	51.7%	36.9%	67.1%	63.1%	36.9%
Term Structure	-0.2%	-1.5%	0.6%	-0.2%	0.2%
VWIV	44.3%	39.6%	48.6%	46.0%	39.6%
Skew 25d	6.9%	5.7%	7.8%	7.5%	6.4%
Skew 10d	13.9%	11.8%	15.1%	14.9%	13.2%
Call IV 25d	40.7%	35.8%	44.8%	43.6%	35.8%
Put IV 25d	47.6%	42.2%	52.6%	51.2%	42.2%
Bid-Ask Spread %	1.98	1.62	2.42	1.62	1.98
Gamma HHI	0.07	0.05	0.17	0.07	0.17
Net GEX	-15.7M	-27.9M	2.0M	-27.9M	2.0M
Net DEX	1.09B	490.5M	2.22B	2.22B	777.6M
Net VEX	-12.7M	-13.7M	-10.2M	-10.2M	-13.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.09	0.48	2.30	1.03	2.30
Total Volume	124,646.8	72,040	377,319	377,319	134,198
Total OI	1,391,015	1,254,247	1,515,191	1,515,191	1,387,829

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
2022-07-01	$53.53	$62.50	46.4%	13.2%	51.5%	49.1%	46.0%	7.5%	-0.2%	-27.9M	2.22B	-10.2M	1.03	1.62	N/A	N/A	185,978	191,341	662,218	852,973
2022-07-05	$56.74	$60.00	48.0%	13.4%	54.0%	53.0%	48.6%	7.8%	-0.5%	-22.2M	1.63B	-11.4M	1.11	2.42	N/A	N/A	88,854	99,002	584,326	797,900
2022-07-06	$57.66	$57.50	46.4%	13.2%	54.5%	49.0%	44.5%	7.5%	-0.4%	-20.6M	1.50B	-11.6M	0.78	1.81	N/A	N/A	81,369	63,638	597,285	811,742
2022-07-07	$58.83	$60.00	45.1%	12.7%	55.3%	46.1%	44.3%	7.5%	-0.1%	-12.4M	1.32B	-12.2M	0.62	2.20	N/A	N/A	93,058	58,135	627,300	833,808
2022-07-08	$59.18	$60.00	44.0%	12.4%	55.1%	43.3%	44.4%	6.5%	0.1%	-20.9M	1.27B	-12.5M	0.75	2.26	N/A	N/A	71,164	53,692	632,182	853,114
2022-07-11	$57.99	$60.00	45.5%	13.0%	54.6%	46.9%	47.2%	6.5%	-0.1%	-23.0M	1.45B	-12.0M	1.64	1.82	N/A	N/A	32,938	53,926	599,030	810,967
2022-07-12	$58.81	$60.00	46.4%	13.0%	51.3%	49.1%	46.6%	6.9%	-1.0%	-21.0M	1.29B	-12.5M	1.49	2.06	N/A	N/A	43,993	65,751	608,472	827,401
2022-07-13	$59.05	$60.00	46.7%	13.0%	46.3%	49.7%	46.4%	7.2%	-1.5%	-21.5M	1.28B	-12.8M	1.56	1.90	N/A	N/A	30,744	47,876	616,237	838,509
2022-07-14	$59.24	$60.00	45.3%	12.8%	46.3%	46.5%	46.9%	6.8%	-0.6%	-21.4M	1.20B	-12.9M	1.22	2.38	N/A	N/A	36,100	43,901	622,086	843,610
2022-07-15	$61.35	$60.00	43.6%	12.3%	47.7%	42.3%	45.8%	6.8%	-0.9%	-11.1M	736.2M	-13.1M	0.48	1.75	N/A	N/A	147,919	71,481	627,148	851,336
2022-07-18	$60.24	$60.00	45.0%	12.9%	37.5%	45.7%	45.9%	7.4%	-0.0%	-11.4M	896.0M	-13.0M	1.11	1.73	N/A	N/A	57,307	63,852	518,015	736,232
2022-07-19	$62.58	$60.00	42.5%	12.2%	39.3%	39.7%	43.4%	6.8%	-0.2%	-7.3M	606.1M	-13.6M	0.66	1.93	N/A	N/A	45,750	30,054	531,520	762,189
2022-07-20	$63.27	$60.00	41.5%	11.9%	38.7%	37.4%	42.8%	6.8%	0.2%	-5.0M	490.5M	-13.6M	0.68	1.72	N/A	N/A	53,538	36,456	541,270	770,502
2022-07-21	$63.32	$60.00	40.7%	11.7%	38.5%	35.6%	42.5%	6.8%	0.4%	-4.9M	506.2M	-13.7M	1.22	1.81	N/A	N/A	35,374	43,055	549,990	784,201
2022-07-22	$61.11	$60.00	41.8%	11.9%	41.1%	38.2%	42.2%	6.4%	0.6%	-12.5M	882.4M	-13.4M	1.39	2.22	N/A	N/A	50,976	70,612	557,805	795,830
2022-07-25	$59.85	$60.00	43.2%	12.4%	40.7%	41.5%	43.1%	7.0%	-0.1%	-22.5M	1.11B	-13.0M	1.07	1.77	N/A	N/A	34,764	37,276	537,291	786,982
2022-07-26	$59.64	$60.00	43.6%	12.6%	40.4%	42.5%	44.1%	7.1%	-0.1%	-22.8M	1.13B	-13.0M	0.91	1.94	N/A	N/A	42,801	38,902	545,677	794,362
2022-07-27	$62.29	$60.00	41.0%	11.6%	42.6%	36.3%	42.2%	6.4%	-0.2%	-13.0M	719.3M	-13.4M	0.86	2.15	N/A	N/A	43,645	37,573	550,230	803,757
2022-07-28	$62.01	$60.00	39.8%	11.3%	40.2%	33.2%	40.2%	5.7%	0.4%	-14.7M	764.5M	-13.2M	0.93	2.18	N/A	N/A	39,285	36,658	557,459	811,515
2022-07-29	$62.01	$60.00	38.7%	11.0%	39.8%	30.8%	39.6%	6.4%	0.2%	2.0M	777.6M	-13.1M	2.30	1.98	N/A	N/A	40,664	93,534	565,800	822,029