MU Options History — January 2023

In January 2023, MU traded between $50.48 and $64.09. ATM implied volatility averaged 40.0%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 2.9% (HV 20d: 37.0%). Max pain ranged from $52.50 to $57.50. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.78.

Notable Days

  • 2023-01-18: Highest Volume — 232,988 contracts
  • 2023-01-30: Largest IV spike — 7.2% change
  • 2023-01-03: Highest IV Rank — 31.5%
  • 2023-01-03: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.08$50.48$64.09$50.48$59.95
Max Pain$53.92$52.50$57.50$57.50$56.00
ATM IV40.0%36.1%45.7%45.7%38.3%
Expected Move11.6%10.8%13.0%13.0%11.7%
HV 20d37.0%29.1%39.7%29.1%39.2%
HV 60d42.6%41.2%44.1%42.6%42.5%
IV Rank11.1%0.0%31.5%31.5%6.8%
IV Percentile9.9%0.0%33.7%33.7%5.6%
Term Structure-0.3%-1.2%0.5%-0.5%-0.1%
VWIV41.2%38.3%45.2%44.8%41.8%
Skew 25d4.8%4.2%5.8%5.8%4.9%
Skew 10d8.8%7.1%10.8%10.8%9.2%
Call IV 25d37.8%34.2%42.6%42.6%36.2%
Put IV 25d42.5%38.4%48.5%48.5%41.1%
Bid-Ask Spread %1.921.582.321.762.32
Gamma HHI0.080.060.160.090.06
Net GEX-4.2M-26.8M14.7M-21.2M-4.2M
Net DEX-41.6M-796.2M1.14B1.14B4.1M
Net VEX-9.3M-10.2M-8.5M-8.5M-10.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.780.886.341.801.02
Total Volume106,740.1541,314232,98887,102106,014
Total OI1,292,108.45928,5381,496,3581,361,3871,046,499

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$50.48$57.5045.7%13.0%29.1%31.5%44.8%5.8%-0.5%-21.2M1.14B-8.5M1.801.76N/AN/A31,08556,017579,621781,766
2023-01-04$53.70$57.5044.4%12.7%37.0%25.8%45.2%4.8%-0.3%-13.8M490.6M-9.1M1.961.82N/AN/A75,158147,423592,614784,250
2023-01-05$54.89$52.5044.3%12.7%37.8%25.1%43.9%4.7%-0.3%-9.3M232.9M-9.4M1.801.93N/AN/A48,01186,255633,239813,481
2023-01-06$56.89$52.5042.7%12.2%39.7%19.8%44.5%4.2%-0.2%-2.9M-148.4M-9.7M2.311.96N/AN/A45,884105,850649,085834,444
2023-01-09$56.50$52.5044.0%12.4%39.0%24.2%43.9%5.2%-0.8%-5.4M122.4M-9.5M1.652.26N/AN/A36,19759,828616,083806,486
2023-01-10$56.75$52.5042.6%12.2%39.0%19.5%44.8%5.0%0.0%-4.6M80.3M-9.5M0.881.63N/AN/A22,03219,282625,513820,678
2023-01-11$57.77$52.5042.2%12.2%39.4%18.2%42.9%4.9%0.3%-506.1K-123.6M-9.6M3.562.29N/AN/A33,904120,729628,149828,224
2023-01-12$57.14$52.5040.3%11.6%39.7%12.2%40.4%4.7%0.1%-2.6M-2.6M-9.3M1.541.79N/AN/A37,93258,413637,431839,036
2023-01-13$56.69$52.5037.8%10.9%39.4%4.1%38.9%4.2%0.5%-10.7M129.4M-9.1M2.341.58N/AN/A21,83051,186643,978852,380
2023-01-17$56.84$52.5038.6%11.1%35.6%5.8%39.8%4.7%-0.4%-16.3M137.8M-8.8M1.341.60N/AN/A22,67230,369622,665826,526
2023-01-18$56.73$52.5038.1%10.9%35.7%3.9%38.3%5.0%-0.4%-19.1M172.8M-8.8M6.341.63N/AN/A31,760201,228629,332834,297
2023-01-19$56.58$52.5038.3%11.0%35.0%4.5%39.6%5.1%-0.4%-26.8M164.7M-8.8M1.241.84N/AN/A26,48032,804638,397838,690
2023-01-20$58.28$52.5038.4%11.1%35.8%5.0%39.1%4.7%-1.2%3.1M-236.7M-8.9M1.091.69N/AN/A55,32960,499646,020850,068
2023-01-23$61.45$55.0037.8%11.1%39.3%3.1%40.1%4.7%-0.4%6.9M-425.0M-9.1M0.952.03N/AN/A64,89061,791362,452566,086
2023-01-24$61.03$55.0037.6%11.1%36.0%2.4%38.5%4.6%-0.4%8.0M-403.5M-9.4M0.911.97N/AN/A32,73229,701387,382583,307
2023-01-25$61.34$55.0037.2%11.1%36.0%1.1%38.9%4.3%-0.9%6.6M-426.2M-9.4M1.492.24N/AN/A30,24045,080389,050597,957
2023-01-26$62.52$55.0036.3%10.9%36.0%0.0%38.7%4.3%-0.3%9.3M-591.7M-9.5M1.042.04N/AN/A29,16030,430398,951615,098
2023-01-27$64.09$55.0036.1%10.8%34.3%0.0%38.6%4.2%-0.1%14.7M-796.2M-9.8M1.061.79N/AN/A50,55453,568407,052629,361
2023-01-30$62.05$55.0038.7%11.8%37.2%8.2%41.7%5.1%-0.5%4.2M-354.6M-10.1M1.282.29N/AN/A36,20846,278394,408612,113
2023-01-31$59.95$56.0038.3%11.7%39.2%6.8%41.8%4.9%-0.1%-4.2M4.1M-10.2M1.022.32N/AN/A52,57453,440406,558639,941