MU Options History — May 2023

In May 2023, MU traded between $60.03 and $74.07. ATM implied volatility averaged 37.8%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 2.1% (HV 20d: 39.9%). Max pain ranged from $62.50 to $65.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.91.

Notable Days

  • 2023-05-26: Highest Volume — 284,787 contracts
  • 2023-05-30: Largest IV spike — 12.1% change
  • 2023-05-30: Highest IV Rank — 52.2%
  • 2023-05-30: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$64.71$60.03$74.07$62.53$68.60
Max Pain$63.64$62.50$65.00$62.50$65.00
ATM IV37.8%34.4%48.5%34.6%47.4%
Expected Move10.8%9.9%12.9%9.9%12.0%
HV 20d39.9%31.5%48.1%46.1%48.1%
HV 60d41.2%39.4%45.7%41.0%45.7%
IV Rank12.8%0.1%52.2%0.9%48.1%
IV Percentile15.6%0.4%73.0%0.8%65.5%
Term Structure1.2%-2.2%5.1%0.1%-1.8%
VWIV37.9%33.1%45.5%35.3%43.1%
Skew 25d4.0%1.1%5.3%4.8%2.3%
Skew 10d7.7%3.0%10.4%9.2%4.4%
Call IV 25d36.3%32.1%48.7%32.8%47.2%
Put IV 25d40.3%36.6%50.8%37.5%49.4%
Bid-Ask Spread %1.761.262.732.621.91
Gamma HHI0.060.040.090.060.06
Net GEX1.3M-20.1M22.7M-487.7K310.3K
Net DEX-270.2M-1.86B562.0M45.1M-604.4M
Net VEX-10.8M-11.3M-10.5M-11.0M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.381.380.891.03
Total Volume106,041.45533,110284,78763,331106,679
Total OI1,233,653.8181,170,5841,332,9481,170,5841,280,289

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$62.53$62.5034.6%9.9%46.1%0.9%35.3%4.8%0.1%-487.7K45.1M-11.0M0.892.62N/AN/A33,57629,755461,639708,945
2023-05-02$61.97$62.5035.8%10.2%45.9%5.3%35.5%4.8%0.7%-1.9M135.8M-11.0M1.361.99N/AN/A24,07332,781471,268714,688
2023-05-03$60.97$62.5036.5%10.7%43.6%8.0%36.9%5.1%0.5%-8.0M325.2M-10.9M0.782.73N/AN/A24,74719,192477,702720,537
2023-05-04$60.38$65.0038.0%11.1%43.7%13.5%38.0%5.3%0.3%-12.9M448.4M-11.0M0.851.64N/AN/A26,36422,378483,040725,184
2023-05-05$61.36$65.0034.4%10.0%42.9%0.1%36.3%4.5%0.8%-6.0M273.8M-10.8M1.381.43N/AN/A22,17530,674486,338736,126
2023-05-08$60.86$65.0034.6%10.4%32.8%1.1%35.8%5.1%1.4%-8.3M365.0M-10.6M1.171.31N/AN/A21,78125,558463,327719,631
2023-05-09$60.72$65.0035.1%10.5%32.6%2.7%35.7%4.9%1.6%-11.7M383.2M-10.6M0.951.51N/AN/A40,19738,338468,382732,679
2023-05-10$60.03$65.0034.7%10.1%31.5%1.2%33.1%4.8%0.6%-20.1M562.0M-10.5M1.351.43N/AN/A27,25536,804477,348748,098
2023-05-11$61.41$65.0035.3%10.2%31.8%3.6%36.2%4.6%0.3%-6.1M257.6M-10.6M0.861.85N/AN/A50,07643,122481,750743,717
2023-05-12$60.75$65.0035.7%10.5%31.8%5.0%35.4%4.6%1.6%-14.3M410.6M-10.5M0.821.52N/AN/A36,81030,174492,694754,350
2023-05-15$64.78$65.0036.7%10.6%39.4%8.7%38.8%4.4%-0.2%8.2M-364.4M-10.6M0.651.46N/AN/A83,89554,930475,177730,186
2023-05-16$63.93$62.5036.7%10.5%39.7%8.8%37.1%4.2%1.0%6.7M-215.0M-10.7M0.651.26N/AN/A47,16130,656497,171752,814
2023-05-17$65.07$62.5037.4%10.7%39.0%11.2%37.3%4.4%0.1%13.7M-456.3M-10.6M0.421.51N/AN/A88,10137,166504,359758,898
2023-05-18$67.66$62.5037.0%10.6%40.9%9.8%37.8%2.9%0.0%21.5M-1.01B-10.7M0.381.48N/AN/A196,55675,058521,680765,679
2023-05-19$68.16$62.5037.1%10.7%40.8%10.1%37.8%3.4%-0.1%15.2M-1.05B-10.8M0.951.59N/AN/A77,17173,568538,748794,200
2023-05-22$66.16$62.5037.5%10.7%41.1%11.7%38.2%4.2%4.4%1.3M-379.3M-11.0M1.371.66N/AN/A83,080113,811470,583714,223
2023-05-23$66.20$62.5037.1%10.7%40.2%10.3%37.3%3.8%3.9%1.1M-384.8M-11.1M1.031.71N/AN/A37,24538,191489,180741,624
2023-05-24$66.32$62.5038.1%11.1%37.8%13.8%38.7%3.6%4.3%3.0M-431.5M-11.1M0.911.67N/AN/A17,37215,738498,758747,567
2023-05-25$69.57$62.5040.4%11.4%40.7%22.4%40.7%3.0%4.1%22.7M-1.14B-11.0M0.681.72N/AN/A90,88361,857509,440754,498
2023-05-26$74.07$62.5043.3%11.9%44.0%33.0%43.5%1.1%5.1%15.9M-1.86B-10.8M0.642.49N/AN/A173,972110,815512,432768,370
2023-05-30$72.06$65.0048.5%12.9%44.0%52.2%45.5%2.0%-2.2%9.7M-1.25B-11.1M0.812.33N/AN/A56,97446,203498,869748,196
2023-05-31$68.60$65.0047.4%12.0%48.1%48.1%43.1%2.3%-1.8%310.3K-604.4M-11.3M1.031.91N/AN/A52,50554,174514,732765,557