MU Options History — February 2023

In February 2023, MU traded between $56.91 and $63.09. ATM implied volatility averaged 39.6%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 1.1% (HV 20d: 40.7%). Max pain ranged from $57.00 to $60.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 1.05.

Notable Days

  • 2023-02-02: Highest Volume — 104,748 contracts
  • 2023-02-21: Largest IV spike — 5.8% change
  • 2023-02-28: Highest IV Rank — 27.8%
  • 2023-02-21: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.04$56.91$63.09$63.09$58.08
Max Pain$59.58$57.00$60.00$57.00$60.00
ATM IV39.6%35.5%44.4%35.5%44.4%
Expected Move11.3%10.7%11.8%10.8%11.5%
HV 20d40.7%37.7%43.7%41.9%38.5%
HV 60d40.0%36.5%43.7%43.7%36.5%
IV Rank12.9%0.0%27.8%0.0%27.8%
IV Percentile12.7%0.0%32.1%0.0%32.1%
Term Structure1.1%-1.2%3.9%0.2%-1.2%
VWIV39.7%37.5%42.3%39.1%40.2%
Skew 25d4.7%3.9%5.6%4.5%5.1%
Skew 10d8.8%7.5%10.4%9.1%9.3%
Call IV 25d37.6%33.4%42.5%33.4%42.5%
Put IV 25d42.3%38.0%48.1%38.0%47.6%
Bid-Ask Spread %2.101.646.462.331.73
Gamma HHI0.070.060.110.070.08
Net GEX-8.1M-22.8M6.5M6.5M-14.6M
Net DEX75.4M-447.5M603.2M-447.5M416.1M
Net VEX-10.4M-10.7M-10.0M-10.2M-10.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.621.570.981.19
Total Volume62,575.68432,411104,74868,39051,641
Total OI1,114,616.2111,048,3771,170,8681,072,9041,122,362

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$63.09$57.0035.5%10.8%41.9%0.0%39.1%4.5%0.2%6.5M-447.5M-10.2M0.982.33N/AN/A34,57233,818410,868662,036
2023-02-02$62.53$57.5037.1%10.7%37.9%5.1%38.8%4.6%0.2%3.4M-365.4M-10.4M1.011.84N/AN/A52,16452,584416,765666,873
2023-02-03$62.36$57.5037.3%10.8%37.7%5.5%38.1%4.4%0.5%-903.2K-306.0M-10.6M1.181.86N/AN/A36,81143,449430,615686,346
2023-02-06$60.09$60.0038.6%11.2%39.0%9.6%39.7%4.8%0.6%-7.0M61.9M-10.5M1.091.80N/AN/A28,96231,688417,731667,485
2023-02-07$62.00$60.0037.2%10.7%40.1%5.3%38.6%4.3%-0.0%1.3M-237.0M-10.6M0.841.86N/AN/A28,61024,137427,112677,763
2023-02-08$60.38$60.0038.8%11.2%41.6%10.3%39.6%4.6%0.0%-6.1M14.8M-10.6M1.571.81N/AN/A18,49429,068437,624685,060
2023-02-09$60.05$60.0040.1%11.6%41.3%14.5%40.6%4.7%0.5%-8.9M79.8M-10.7M0.621.83N/AN/A39,20824,286442,946693,477
2023-02-10$59.75$60.0039.8%11.5%41.1%13.4%40.7%4.8%0.6%-13.4M134.3M-10.5M0.931.70N/AN/A34,01031,711451,111701,619
2023-02-13$60.20$60.0040.7%11.7%41.0%16.3%42.3%5.5%0.6%-7.2M36.5M-10.5M0.951.70N/AN/A16,61015,801432,147690,726
2023-02-14$62.25$60.0038.5%11.1%42.4%9.5%39.2%4.5%1.1%3.1M-320.2M-10.6M0.831.68N/AN/A30,90025,789437,442694,809
2023-02-15$61.39$60.0037.4%10.7%42.8%6.1%37.5%3.9%1.5%-1.5M-180.6M-10.6M0.931.64N/AN/A23,46721,935444,671705,211
2023-02-16$60.11$60.0038.8%11.1%43.7%10.1%37.9%4.4%0.9%-8.9M44.5M-10.4M1.066.46N/AN/A24,89826,376451,189708,207
2023-02-17$58.80$60.0039.0%11.1%43.4%10.9%39.0%4.4%1.0%-22.8M299.1M-10.3M1.191.86N/AN/A33,21039,558453,659717,209
2023-02-21$57.72$60.0041.3%11.8%39.1%17.9%40.8%5.0%3.5%-16.9M473.3M-10.0M1.332.50N/AN/A31,50341,832397,154651,223
2023-02-22$56.91$60.0041.4%11.8%39.3%18.3%41.4%4.7%3.7%-20.3M603.2M-10.0M0.771.67N/AN/A32,37424,955410,959665,946
2023-02-23$58.97$60.0040.8%11.3%41.6%16.4%39.3%5.0%3.9%-8.9M274.3M-10.2M1.032.00N/AN/A48,98650,639419,046672,286
2023-02-24$57.97$60.0042.2%11.6%41.1%20.9%40.2%4.9%3.6%-18.4M437.0M-10.3M1.011.97N/AN/A26,27626,425437,215689,956
2023-02-27$58.03$60.0044.2%11.7%39.8%27.0%40.7%5.6%-1.1%-13.4M413.8M-10.2M1.471.71N/AN/A21,14631,045425,929674,931
2023-02-28$58.08$60.0044.4%11.5%38.5%27.8%40.2%5.1%-1.2%-14.6M416.1M-10.3M1.191.73N/AN/A23,59128,050433,376688,986