MU Options History — April 2023

In April 2023, MU traded between $56.80 and $64.28. ATM implied volatility averaged 37.0%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 13.9% (HV 20d: 50.9%). Max pain ranged from $60.00 to $70.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 1.24.

Notable Days

  • 2023-04-10: Highest Volume — 248,855 contracts
  • 2023-04-25: Largest IV spike — 6.8% change
  • 2023-04-10: Highest IV Rank — 18.1%
  • 2023-04-10: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.98$56.80$64.28$59.41$64.28
Max Pain$64.08$60.00$70.00$60.00$62.50
ATM IV37.0%34.3%40.2%38.0%34.3%
Expected Move10.6%9.8%11.4%10.5%9.8%
HV 20d50.9%45.3%54.3%45.3%47.4%
HV 60d41.2%38.6%42.7%38.6%40.6%
IV Rank7.3%0.0%18.1%9.5%0.0%
IV Percentile6.2%0.0%17.9%6.3%0.0%
Term Structure0.0%-0.7%0.9%0.0%0.1%
VWIV37.2%33.8%40.5%37.4%34.8%
Skew 25d4.9%3.5%6.1%5.8%4.5%
Skew 10d9.2%6.4%11.9%11.2%8.5%
Call IV 25d35.1%32.4%38.8%35.5%32.4%
Put IV 25d39.9%36.5%43.4%41.2%36.9%
Bid-Ask Spread %2.061.492.792.542.50
Gamma HHI0.070.050.120.060.07
Net GEX-2.1M-20.3M11.2M-11.4M10.4M
Net DEX183.0M-445.2M948.3M494.3M-445.2M
Net VEX-10.9M-11.5M-10.2M-10.6M-11.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.702.440.921.23
Total Volume108,524.42147,909248,855108,93698,942
Total OI1,280,945.8951,111,4281,411,4581,217,7511,207,080

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$59.41$60.0038.0%10.5%45.3%9.5%37.4%5.8%0.0%-11.4M494.3M-10.6M0.922.54N/AN/A56,87952,057483,657734,094
2023-04-04$57.03$60.0039.8%11.2%47.3%16.6%38.8%6.0%0.0%-16.4M887.4M-10.3M1.302.04N/AN/A43,29156,245499,458741,251
2023-04-05$56.80$60.0038.9%10.7%46.7%13.3%38.8%6.1%0.1%-19.2M948.3M-10.3M1.152.09N/AN/A44,14450,569512,945757,376
2023-04-06$58.55$70.0038.6%11.3%47.3%12.0%38.5%5.3%0.1%-6.3M570.1M-10.7M0.701.69N/AN/A118,06182,104516,471765,868
2023-04-10$63.20$70.0040.2%11.4%53.3%18.1%40.0%3.5%-0.3%6.2M-323.5M-11.3M0.711.99N/AN/A145,190103,665496,740763,252
2023-04-11$63.67$70.0038.8%11.3%53.1%12.6%40.5%4.1%0.8%11.2M-408.3M-11.5M0.821.91N/AN/A68,84156,714538,185798,076
2023-04-12$62.00$65.0038.9%11.0%54.2%13.1%38.5%5.0%-0.5%471.9K-20.2M-11.5M1.581.85N/AN/A41,60465,884555,085819,147
2023-04-13$63.28$65.0038.0%10.8%54.3%9.6%38.0%4.5%-0.3%8.9M-333.2M-11.5M1.211.59N/AN/A47,97258,146563,939827,754
2023-04-14$62.66$65.0036.2%10.4%52.4%2.6%36.6%4.3%0.4%4.0M-165.1M-11.4M1.292.12N/AN/A36,88647,557570,008841,450
2023-04-17$62.41$65.0035.8%10.2%52.5%1.3%35.8%4.7%0.7%6.3M-74.1M-11.1M1.242.00N/AN/A24,98330,905525,680802,445
2023-04-18$62.00$65.0035.3%10.1%52.6%0.0%35.8%4.9%0.6%3.1M49.0M-11.0M0.862.30N/AN/A25,71322,196526,338812,489
2023-04-19$60.61$65.0035.7%10.2%53.0%1.3%36.5%4.9%-0.7%-5.8M364.2M-10.8M2.441.94N/AN/A45,955112,199531,394818,043
2023-04-20$61.27$62.5035.6%10.2%53.1%1.0%36.0%3.9%0.9%-2.0M184.1M-10.9M2.111.62N/AN/A33,37770,584536,522822,278
2023-04-21$61.03$62.5034.5%9.9%51.1%0.0%33.8%4.0%-0.4%6.4M152.7M-10.7M0.981.49N/AN/A30,69930,039544,173820,777
2023-04-24$59.42$62.5034.7%9.9%51.9%0.9%34.6%4.8%-0.5%-14.2M555.0M-10.3M1.422.30N/AN/A30,21442,794431,500679,928
2023-04-25$58.33$62.5037.1%10.6%52.0%9.7%37.1%5.6%0.0%-20.3M736.7M-10.2M1.012.79N/AN/A43,07543,369440,475693,429
2023-04-26$60.89$62.5037.7%10.9%54.0%12.0%38.5%5.7%-0.3%-4.7M244.3M-10.9M1.092.06N/AN/A56,11061,370456,814703,149
2023-04-27$61.80$62.5035.7%10.2%45.7%4.4%36.9%5.3%-0.0%3.6M60.6M-11.0M1.592.37N/AN/A32,33851,293475,694725,008
2023-04-28$64.28$62.5034.3%9.8%47.4%0.0%34.8%4.5%0.1%10.4M-445.2M-11.1M1.232.50N/AN/A44,38354,559478,781728,299