MU Options History — March 2023

In March 2023, MU traded between $53.89 and $64.07. ATM implied volatility averaged 45.8%, placing in the 36.1% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 14.3% (HV 20d: 31.4%). Max pain ranged from $60.00 to $62.50. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.29.

Notable Days

  • 2023-03-29: Highest Volume — 371,564 contracts
  • 2023-03-29: Largest IV drop — 18.1% change
  • 2023-03-17: Highest IV Rank — 55.2%
  • 2023-03-24: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.84$53.89$64.07$57.50$60.30
Max Pain$60.22$60.00$62.50$60.00$60.00
ATM IV45.8%37.6%51.3%46.2%38.2%
Expected Move12.7%10.5%14.2%12.0%10.6%
HV 20d31.4%23.6%44.9%36.8%44.9%
HV 60d36.6%35.3%39.6%36.0%38.7%
IV Rank36.1%8.1%55.2%33.2%10.4%
IV Percentile44.1%4.0%73.4%42.9%7.9%
Term Structure-1.1%-2.8%1.2%-1.4%1.0%
VWIV44.4%37.4%50.3%41.8%37.4%
Skew 25d5.8%4.3%8.0%5.3%5.1%
Skew 10d11.2%8.1%15.3%9.8%9.9%
Call IV 25d43.4%35.8%47.5%43.4%35.8%
Put IV 25d49.2%40.6%54.9%48.7%40.9%
Bid-Ask Spread %2.151.562.672.001.99
Gamma HHI0.090.050.160.080.09
Net GEX-13.5M-33.1M15.7M-18.2M-17.7M
Net DEX453.1M-567.4M1.01B517.6M381.6M
Net VEX-10.2M-11.1M-9.5M-10.2M-10.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.642.112.111.55
Total Volume97,556.95739,760371,56452,735238,811
Total OI1,173,401.4781,015,6721,341,1681,139,9381,341,168

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$57.50$60.0046.2%12.0%36.8%33.2%41.8%5.3%-1.4%-18.2M517.6M-10.2M2.112.00N/AN/A16,94335,792441,133698,805
2023-03-02$56.61$60.0044.4%11.4%31.2%27.8%40.3%5.4%-1.2%-33.1M731.6M-9.9M1.212.25N/AN/A60,51373,465447,410714,904
2023-03-03$56.72$60.0043.4%10.9%31.3%24.6%37.9%4.8%-1.3%-32.6M668.3M-10.0M1.352.14N/AN/A35,23547,464473,023729,231
2023-03-06$56.69$62.5043.3%11.8%31.3%24.1%41.6%4.6%-1.1%-15.7M610.7M-9.9M1.131.93N/AN/A24,73227,871456,315713,209
2023-03-07$55.59$62.5044.0%12.2%29.5%26.3%42.3%4.6%-0.8%-22.5M810.0M-9.8M0.641.75N/AN/A38,31224,442463,960721,020
2023-03-08$56.81$60.0043.1%11.9%28.2%23.7%37.9%4.6%-1.1%-12.2M571.9M-10.1M2.111.56N/AN/A25,59954,063477,581728,068
2023-03-09$55.71$60.0046.2%12.8%27.5%35.0%43.3%5.0%-1.4%-20.7M765.7M-10.0M1.082.25N/AN/A23,08025,041486,758737,624
2023-03-10$54.72$60.0048.7%13.3%28.0%43.2%46.0%6.0%-1.2%-32.4M953.0M-9.9M1.772.67N/AN/A28,72750,705491,552743,957
2023-03-13$54.39$60.0051.3%13.8%28.0%51.6%49.3%7.2%-2.8%-26.1M983.9M-9.7M1.392.66N/AN/A28,14439,189478,729730,888
2023-03-14$53.89$60.0048.7%13.2%27.6%43.4%46.2%6.8%-2.4%-28.4M999.6M-9.5M1.172.47N/AN/A19,46822,802485,238727,902
2023-03-15$53.89$60.0050.4%13.7%23.6%48.7%47.8%8.0%-2.4%-29.7M1.01B-9.5M1.081.92N/AN/A29,24431,690487,598731,330
2023-03-16$56.59$60.0046.7%13.0%30.7%41.2%45.7%6.6%-1.7%-13.0M549.3M-9.9M0.932.55N/AN/A39,31536,708491,355730,900
2023-03-17$56.94$60.0049.9%13.8%30.2%55.2%48.2%7.2%-2.3%-192.4K496.9M-10.2M1.001.98N/AN/A33,54633,541502,890742,305
2023-03-20$57.64$60.0048.2%13.7%29.8%48.8%48.3%7.1%-1.6%-7.2M400.4M-10.0M1.092.42N/AN/A19,03220,728398,307617,365
2023-03-21$58.83$60.0046.5%13.3%30.0%42.2%46.6%6.8%-1.2%-3.0M238.7M-10.1M1.261.83N/AN/A22,15727,813406,842626,112
2023-03-22$58.97$60.0046.6%13.4%29.4%42.6%46.8%5.8%-1.1%-2.1M224.6M-10.2M1.192.45N/AN/A30,76536,702413,755634,750
2023-03-23$61.45$60.0048.9%14.1%30.3%51.6%50.3%5.8%-1.3%1.3M-129.2M-10.7M1.022.52N/AN/A56,18857,305424,649653,804
2023-03-24$61.09$60.0048.8%14.2%29.6%51.1%49.6%5.9%-1.5%-3.8M-65.2M-10.8M1.251.91N/AN/A28,22235,409441,184675,887
2023-03-27$60.11$60.0047.0%13.8%30.4%44.2%49.8%5.7%-0.9%-4.2M161.2M-10.4M1.081.89N/AN/A44,39547,752424,697645,965
2023-03-28$59.14$60.0046.6%13.7%31.1%42.7%48.4%5.9%-0.6%-6.3M311.9M-10.3M1.381.97N/AN/A74,726102,998444,118671,186
2023-03-29$64.07$60.0038.2%10.9%41.5%10.4%39.1%4.3%0.7%15.7M-567.4M-10.6M1.192.11N/AN/A169,984201,580484,581731,128
2023-03-30$62.77$60.0037.6%10.5%41.9%8.1%37.5%4.6%1.2%2.1M-203.2M-11.1M1.712.21N/AN/A45,55678,056513,763805,288
2023-03-31$60.30$60.0038.2%10.6%44.9%10.4%37.4%5.1%1.0%-17.7M381.6M-10.9M1.551.99N/AN/A93,626145,185524,061817,107