MU Options History — June 2023

In June 2023, MU traded between $63.28 and $69.15. ATM implied volatility averaged 41.1%, placing in the 27.0% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 0.4% (HV 20d: 41.5%). Max pain ranged from $65.00 to $67.50. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2023-06-29: Highest Volume — 476,226 contracts
  • 2023-06-29: Largest IV drop — 21.6% change
  • 2023-06-27: Highest IV Rank — 39.9%
  • 2023-06-27: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.81$63.28$69.15$69.12$63.28
Max Pain$67.17$65.00$67.50$65.00$66.50
ATM IV41.1%31.9%43.9%43.9%31.9%
Expected Move11.5%8.7%12.9%11.0%8.7%
HV 20d41.5%26.4%49.4%47.4%26.6%
HV 60d44.0%40.1%45.6%45.4%40.2%
IV Rank27.0%0.0%39.9%34.9%0.0%
IV Percentile35.6%0.0%49.6%44.0%0.0%
Term Structure-1.0%-2.2%0.5%-1.0%0.5%
VWIV40.8%31.0%46.1%39.3%31.0%
Skew 25d0.3%-1.9%1.7%1.4%0.6%
Skew 10d0.7%-2.6%3.5%2.4%2.3%
Call IV 25d41.6%32.1%45.1%44.1%32.1%
Put IV 25d41.9%32.6%45.4%45.4%32.6%
Bid-Ask Spread %1.811.522.201.831.93
Gamma HHI0.070.040.210.050.09
Net GEX-5.9M-36.7M10.8M2.3M-36.7M
Net DEX-265.6M-897.1M587.5M-746.0M587.5M
Net VEX-10.7M-11.3M-10.2M-11.2M-10.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.441.660.600.54
Total Volume120,042.23850,603476,22692,850222,807
Total OI1,266,392.5241,035,9621,419,3901,302,5261,399,131

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$69.12$65.0043.9%11.0%47.4%34.9%39.3%1.4%-1.0%2.3M-746.0M-11.2M0.601.83N/AN/A57,89934,951528,661773,865
2023-06-02$69.03$65.0042.5%10.5%47.1%30.0%37.3%1.5%-1.6%-4.6M-753.6M-11.3M0.751.88N/AN/A42,76831,865547,909787,592
2023-06-05$67.75$67.5041.9%11.5%47.8%27.6%41.2%1.7%-0.8%2.0M-496.3M-11.0M1.661.65N/AN/A25,94243,069521,781763,615
2023-06-06$67.48$67.5040.6%11.1%47.7%22.8%39.1%1.5%-0.5%-10.8M-382.5M-10.9M0.991.74N/AN/A32,54032,377529,750786,161
2023-06-07$67.05$67.5040.6%11.1%47.8%22.9%39.7%1.6%-0.9%-13.8M-266.8M-10.8M0.941.69N/AN/A26,02424,579538,737797,712
2023-06-08$65.03$67.5041.6%11.4%49.1%26.5%40.2%1.7%-1.3%-13.4M203.5M-10.7M0.891.66N/AN/A49,08043,775545,152811,790
2023-06-09$65.25$67.5042.2%11.5%48.6%29.0%41.1%0.8%-1.4%-17.0M140.4M-10.9M0.581.84N/AN/A41,63424,173572,696846,694
2023-06-12$67.36$67.5043.0%11.8%49.4%31.6%41.6%0.4%-1.2%2.1M-479.0M-10.9M0.551.52N/AN/A62,93334,326541,826810,719
2023-06-13$67.82$67.5041.3%11.6%44.2%25.5%40.9%0.3%-0.6%5.2M-589.5M-10.7M1.031.83N/AN/A46,99148,520553,529821,312
2023-06-14$68.69$67.5041.6%11.7%43.9%26.6%41.7%0.2%-0.5%357.0K-787.0M-10.6M0.552.20N/AN/A49,63827,479558,483836,419
2023-06-15$69.15$67.5042.2%11.7%43.6%29.5%43.3%-0.1%-1.5%-95.3K-897.1M-10.7M0.711.73N/AN/A43,85131,154565,781840,173
2023-06-16$67.94$67.5041.9%11.8%42.0%28.2%41.7%-0.5%-1.3%-23.0M-569.6M-10.7M0.961.85N/AN/A91,40087,914573,308842,418
2023-06-20$66.85$67.5042.2%12.0%42.3%29.5%43.0%-0.4%-0.6%2.2M-195.2M-10.5M0.861.89N/AN/A36,60831,318421,128614,834
2023-06-21$66.03$67.5042.3%12.1%41.2%33.2%43.3%-0.9%-0.7%-915.0K-65.8M-10.6M0.931.69N/AN/A33,51831,121434,633627,570
2023-06-22$66.16$67.5041.3%11.9%41.2%30.1%42.0%-0.5%-0.6%500.2K-92.0M-10.5M0.551.83N/AN/A36,70820,273444,094633,852
2023-06-23$65.38$67.5040.7%11.8%41.4%27.5%41.7%-0.7%-0.9%-7.6M42.9M-10.5M0.851.60N/AN/A46,30239,191451,949640,637
2023-06-26$65.68$67.5043.1%12.7%37.3%37.8%44.6%-0.3%-1.5%-1.9M-36.9M-10.6M0.741.91N/AN/A50,35737,401436,282633,859
2023-06-27$66.48$67.5043.6%12.9%28.9%39.9%46.1%-1.9%-2.2%2.3M-182.9M-10.7M0.442.01N/AN/A99,17543,855455,270648,644
2023-06-28$67.09$67.0042.1%12.6%28.1%33.5%44.3%-1.1%-1.6%10.8M-329.9M-10.8M0.671.90N/AN/A167,916113,229496,059668,571
2023-06-29$64.41$67.0033.0%9.2%26.4%0.0%33.4%0.7%0.3%-21.8M318.3M-10.2M0.491.91N/AN/A319,617156,609567,960723,687
2023-06-30$63.28$66.5031.9%8.7%26.6%0.0%31.0%0.6%0.5%-36.7M587.5M-10.2M0.541.93N/AN/A144,56578,242650,629748,502