MU Options History — December 2022

In December 2022, MU traded between $49.09 and $55.53. ATM implied volatility averaged 46.1%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 5.5% (HV 20d: 40.7%). Max pain ranged from $57.00 to $62.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.58.

Notable Days

2022-12-22: Highest Volume — 296,953 contracts
2022-12-22: Largest IV drop — 11.2% change
2022-12-12: Highest IV Rank — 45.4%
2022-12-12: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.55	$49.09	$55.53	$55.53	$49.72
Max Pain	$61.02	$57.00	$62.50	$57.00	$60.00
ATM IV	46.1%	40.2%	50.2%	46.5%	43.5%
Expected Move	13.0%	11.5%	14.0%	12.9%	12.4%
HV 20d	40.7%	28.4%	54.8%	54.5%	28.4%
HV 60d	43.0%	41.8%	45.7%	45.6%	42.5%
IV Rank	32.9%	14.6%	45.4%	34.1%	24.9%
IV Percentile	40.1%	12.7%	64.3%	41.7%	21.4%
Term Structure	-0.3%	-1.9%	1.1%	-1.3%	1.1%
VWIV	44.5%	40.2%	48.0%	45.1%	43.0%
Skew 25d	5.8%	4.6%	6.7%	6.5%	5.5%
Skew 10d	10.8%	8.2%	13.2%	11.7%	10.4%
Call IV 25d	43.3%	37.9%	47.0%	43.6%	40.9%
Put IV 25d	49.1%	42.7%	53.7%	50.0%	46.5%
Bid-Ask Spread %	1.67	1.32	2.32	2.18	1.94
Gamma HHI	0.11	0.09	0.29	0.09	0.10
Net GEX	-29.2M	-47.2M	-16.8M	-27.0M	-22.0M
Net DEX	1.26B	944.1M	1.70B	1.01B	1.45B
Net VEX	-9.5M	-10.5M	-8.4M	-10.3M	-8.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.58	0.83	3.62	2.01	1.20
Total Volume	100,892.667	52,368	296,953	123,293	89,044
Total OI	1,408,075.238	1,292,128	1,527,407	1,370,613	1,449,010

Daily Data (21 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
2022-12-01	$55.53	$57.00	46.5%	12.9%	54.5%	34.1%	45.1%	6.5%	-1.3%	-27.0M	1.01B	-10.3M	2.01	2.18	N/A	N/A	40,907	82,386	551,951	818,662
2022-12-02	$54.67	$57.00	45.8%	12.4%	54.8%	32.0%	43.4%	6.4%	-1.1%	-29.4M	1.17B	-10.1M	1.63	2.32	N/A	N/A	38,673	63,138	562,393	827,753
2022-12-05	$53.94	$62.50	47.8%	13.2%	52.8%	38.0%	47.4%	6.7%	0.2%	-29.4M	1.20B	-10.0M	1.12	1.57	N/A	N/A	29,233	32,720	543,857	811,546
2022-12-06	$53.67	$62.50	48.7%	14.0%	52.6%	40.9%	48.0%	6.4%	-0.2%	-33.6M	1.25B	-10.0M	1.47	1.52	N/A	N/A	22,601	33,285	554,102	830,710
2022-12-07	$53.81	$62.50	49.3%	13.7%	52.1%	42.9%	41.6%	6.6%	-0.4%	-33.0M	1.21B	-10.1M	3.62	1.38	N/A	N/A	26,269	94,995	562,005	837,718
2022-12-08	$55.14	$62.50	48.2%	13.7%	52.1%	39.2%	43.4%	6.0%	-0.1%	-24.1M	944.1M	-10.4M	2.39	1.32	N/A	N/A	30,081	71,869	570,821	841,856
2022-12-09	$55.10	$62.50	48.1%	13.6%	44.6%	39.2%	43.2%	6.3%	0.5%	-24.4M	955.6M	-10.5M	2.46	1.40	N/A	N/A	17,370	42,817	580,815	854,014
2022-12-12	$55.03	$62.50	50.2%	14.0%	41.7%	45.4%	48.0%	6.7%	-1.5%	-23.2M	979.7M	-10.3M	1.17	1.40	N/A	N/A	24,150	28,218	565,204	826,530
2022-12-13	$55.23	$62.50	48.0%	13.4%	41.8%	38.7%	46.7%	6.3%	-1.5%	-22.7M	959.2M	-10.1M	0.97	1.53	N/A	N/A	38,316	37,058	574,965	837,720
2022-12-14	$54.45	$62.50	47.0%	13.0%	40.9%	35.7%	44.3%	6.1%	-1.9%	-27.4M	1.12B	-9.9M	0.96	1.91	N/A	N/A	28,018	26,766	585,276	845,667
2022-12-15	$52.15	$62.50	49.0%	13.7%	35.6%	41.8%	47.2%	5.9%	-1.6%	-37.4M	1.50B	-9.3M	1.40	1.71	N/A	N/A	36,473	51,024	588,402	847,642
2022-12-16	$52.25	$62.50	47.0%	13.2%	35.6%	35.7%	44.8%	5.8%	-1.5%	-46.5M	1.47B	-9.3M	1.96	1.78	N/A	N/A	38,190	74,941	598,757	848,893
2022-12-19	$51.38	$62.50	47.8%	13.6%	35.8%	38.2%	47.9%	5.3%	-0.2%	-27.0M	1.34B	-9.0M	0.83	1.38	N/A	N/A	32,760	27,130	526,548	765,580
2022-12-20	$51.06	$60.00	46.4%	13.2%	35.1%	33.8%	46.4%	5.0%	-0.3%	-28.2M	1.38B	-8.9M	1.14	1.82	N/A	N/A	52,802	60,081	543,727	774,739
2022-12-21	$51.20	$60.00	45.4%	13.0%	33.9%	30.6%	46.2%	4.6%	-0.3%	-26.3M	1.28B	-9.1M	1.53	1.97	N/A	N/A	80,039	122,205	575,858	799,764
2022-12-22	$49.36	$60.00	40.3%	11.5%	35.0%	14.7%	40.4%	5.1%	1.0%	-44.9M	1.70B	-8.4M	1.88	1.51	N/A	N/A	103,093	193,860	620,022	864,676
2022-12-23	$50.03	$60.00	40.2%	11.5%	35.7%	14.6%	40.2%	4.8%	0.4%	-47.2M	1.51B	-8.8M	1.13	1.78	N/A	N/A	67,240	75,749	640,291	887,116
2022-12-27	$50.09	$60.00	42.5%	12.2%	30.5%	21.7%	43.1%	5.2%	1.0%	-21.3M	1.33B	-8.7M	1.47	1.44	N/A	N/A	25,235	37,087	586,383	814,663
2022-12-28	$49.09	$60.00	44.2%	12.7%	30.9%	26.9%	43.9%	5.5%	0.8%	-21.9M	1.49B	-8.5M	1.72	1.56	N/A	N/A	22,662	39,019	596,676	825,844
2022-12-29	$50.64	$60.00	42.6%	12.1%	29.4%	22.0%	40.9%	5.5%	1.1%	-16.8M	1.21B	-8.8M	1.03	1.64	N/A	N/A	39,928	41,314	601,706	829,718
2022-12-30	$49.72	$60.00	43.5%	12.4%	28.4%	24.9%	43.0%	5.5%	1.1%	-22.0M	1.45B	-8.6M	1.20	1.94	N/A	N/A	40,393	48,651	601,734	847,276