MU Options History — November 2022

In November 2022, MU traded between $53.74 and $63.19. ATM implied volatility averaged 46.1%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 1.3% (HV 20d: 47.4%). Max pain ranged from $55.00 to $57.50. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.49.

Notable Days

  • 2022-11-30: Highest Volume — 182,718 contracts
  • 2022-11-10: Largest IV drop — 7.2% change
  • 2022-11-01: Highest IV Rank — 46.7%
  • 2022-11-01: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.80$53.74$63.19$54.82$57.23
Max Pain$56.67$55.00$57.50$55.00$57.50
ATM IV46.1%43.9%48.3%47.0%46.0%
Expected Move13.1%11.6%14.4%14.4%12.5%
HV 20d47.4%40.2%53.8%42.1%53.8%
HV 60d43.1%41.2%45.2%42.6%45.2%
IV Rank37.7%29.7%46.7%46.7%32.5%
IV Percentile40.1%27.8%53.2%47.2%37.3%
Term Structure0.5%-1.8%3.9%-0.3%-1.7%
VWIV46.5%39.6%52.0%50.4%45.2%
Skew 25d6.2%5.2%7.0%6.7%7.0%
Skew 10d12.2%10.2%13.7%12.4%12.5%
Call IV 25d43.1%40.9%45.1%43.8%42.3%
Put IV 25d49.3%46.2%51.8%50.5%49.3%
Bid-Ask Spread %2.001.653.071.942.06
Gamma HHI0.080.050.110.070.08
Net GEX-10.8M-31.2M8.5M-19.2M-17.4M
Net DEX475.3M-470.7M1.07B839.0M739.8M
Net VEX-11.0M-11.6M-10.1M-10.9M-10.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.883.131.641.58
Total Volume91,871.42919,653182,71858,384182,718
Total OI1,342,190.6191,245,3721,420,8601,330,3981,339,340

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$54.82$55.0047.0%14.4%42.1%46.7%50.4%6.7%-0.3%-19.2M839.0M-10.9M1.641.94N/AN/A22,08736,297532,971797,427
2022-11-02$53.74$55.0046.5%14.1%42.0%44.8%52.0%5.9%0.1%-27.8M1.02B-10.7M2.862.43N/AN/A33,67396,284537,601805,985
2022-11-03$53.76$57.5046.7%13.4%41.9%45.3%48.5%6.0%0.2%-31.2M1.03B-10.8M1.551.73N/AN/A36,25456,163546,349813,637
2022-11-04$56.04$57.5045.7%13.6%42.9%40.8%48.1%5.2%0.2%-12.4M580.2M-11.3M1.671.86N/AN/A54,46490,989551,536828,002
2022-11-07$56.78$57.5045.7%13.3%42.0%40.5%48.3%6.0%0.9%-7.8M528.5M-11.2M1.331.77N/AN/A26,64035,309536,024796,053
2022-11-08$57.68$57.5045.3%13.4%40.2%36.8%46.7%5.9%1.2%-3.4M382.2M-11.3M1.202.15N/AN/A31,65637,859544,559802,737
2022-11-09$56.00$57.5047.3%14.1%41.5%42.4%48.8%6.5%1.9%-10.3M656.3M-11.1M2.041.75N/AN/A25,81152,594550,785807,602
2022-11-10$60.15$55.0043.9%13.0%46.9%32.8%46.7%5.5%1.8%8.5M-53.5M-11.5M0.981.88N/AN/A49,96848,793558,667811,441
2022-11-11$62.49$55.0044.0%12.9%45.8%33.2%46.7%5.4%1.2%4.9M-470.7M-11.6M0.922.20N/AN/A56,23151,587568,034818,847
2022-11-14$62.02$55.0044.8%12.9%46.1%34.3%44.8%6.1%3.9%5.3M-256.6M-11.4M1.231.83N/AN/A38,65447,410549,531787,781
2022-11-15$63.19$55.0045.3%13.0%44.8%35.2%45.7%6.2%3.5%3.9M-433.6M-11.5M0.882.09N/AN/A43,29938,255557,065805,997
2022-11-16$58.74$57.5048.3%13.8%53.5%43.9%48.8%6.9%1.9%-6.7M339.8M-11.2M1.641.80N/AN/A50,86183,438568,132818,123
2022-11-17$58.62$57.5047.5%13.5%53.5%41.8%47.2%6.5%2.1%-6.4M360.1M-11.2M0.951.65N/AN/A43,33041,097579,739828,293
2022-11-18$58.59$57.5046.6%13.1%50.9%37.1%46.5%6.3%2.3%-7.5M340.4M-11.1M1.102.01N/AN/A36,64140,478586,401834,459
2022-11-21$57.15$57.5047.6%12.8%51.8%37.6%46.2%6.7%-1.5%-17.1M741.6M-10.7M1.852.15N/AN/A30,69856,730502,943742,429
2022-11-22$58.32$55.0045.8%12.1%52.1%31.8%43.7%6.2%-1.4%-14.9M570.8M-10.8M3.131.93N/AN/A22,47970,398516,912766,255
2022-11-23$58.89$57.5045.1%11.6%52.1%29.7%39.6%6.6%-1.6%-10.4M512.7M-10.9M1.203.07N/AN/A32,67439,271519,524777,509
2022-11-25$59.00$57.5045.3%11.8%47.3%30.2%41.8%6.3%-1.8%-5.3M491.7M-10.9M1.101.83N/AN/A9,34010,313529,112785,798
2022-11-28$55.66$57.5047.5%13.2%52.0%37.2%45.5%7.0%-1.4%-25.0M995.1M-10.2M1.321.87N/AN/A33,95444,734512,181767,121
2022-11-29$55.03$57.5047.3%13.1%52.1%36.6%45.7%6.1%-1.4%-27.0M1.07B-10.1M1.052.03N/AN/A43,82646,043522,574780,527
2022-11-30$57.23$57.5046.0%12.5%53.8%32.5%45.2%7.0%-1.7%-17.4M739.8M-10.5M1.582.06N/AN/A70,698112,020538,115801,225