MU Options History — July 2023

In July 2023, MU traded between $60.95 and $71.37. ATM implied volatility averaged 32.6%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 6.1% (HV 20d: 26.6%). Max pain ranged from $65.00 to $66.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2023-07-27: Highest Volume — 215,396 contracts
  • 2023-07-10: Largest IV spike — 5.3% change
  • 2023-07-27: Highest IV Rank — 7.5%
  • 2023-07-06: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.20$60.95$71.37$63.64$71.37
Max Pain$65.10$65.00$66.00$66.00$65.00
ATM IV32.6%31.6%33.6%31.8%32.9%
Expected Move9.3%8.6%9.7%8.6%9.4%
HV 20d26.6%24.8%31.7%26.8%25.9%
HV 60d36.5%34.5%40.2%40.2%35.1%
IV Rank3.5%0.0%7.5%0.0%5.0%
IV Percentile2.5%0.0%7.1%0.0%5.6%
Term Structure0.1%-0.3%0.4%0.1%-0.2%
VWIV33.2%31.2%35.3%31.2%34.5%
Skew 25d0.8%0.4%1.2%0.6%1.0%
Skew 10d2.1%1.4%3.4%1.4%3.4%
Call IV 25d32.8%31.9%34.0%32.4%33.1%
Put IV 25d33.6%32.7%34.8%33.0%34.0%
Bid-Ask Spread %1.911.622.262.002.07
Gamma HHI0.060.040.090.040.06
Net GEX3.4M-25.1M23.8M-7.1M20.4M
Net DEX-46.3M-1.01B863.7M330.2M-927.0M
Net VEX-10.3M-10.7M-9.9M-10.3M-10.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.451.160.591.16
Total Volume80,39830,326215,39650,36046,129
Total OI1,220,028.81,011,9041,322,0791,240,3191,090,886

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$63.64$66.0031.8%8.6%26.8%0.0%31.2%0.6%0.1%-7.1M330.2M-10.3M0.592.00N/AN/A31,63918,721549,152691,167
2023-07-05$62.23$66.0032.6%8.9%27.1%3.1%32.8%0.6%0.2%-19.1M628.9M-9.9M0.571.81N/AN/A63,91136,410553,432698,477
2023-07-06$61.09$65.0033.6%9.7%27.6%7.1%34.2%0.7%0.1%-25.1M854.6M-9.9M0.711.94N/AN/A67,85248,288564,460715,028
2023-07-07$60.95$65.0031.9%9.2%27.6%0.3%32.5%0.8%0.4%-22.5M863.7M-10.1M1.101.83N/AN/A50,43155,389588,225733,854
2023-07-10$62.38$65.0033.6%9.7%27.5%6.9%34.2%1.2%0.1%-9.8M398.9M-10.4M0.591.92N/AN/A59,20435,089545,161710,541
2023-07-11$63.53$65.0033.1%9.6%28.4%4.9%35.3%0.8%0.4%3.0M161.1M-10.6M0.461.80N/AN/A43,55220,170558,649722,031
2023-07-12$63.81$65.0031.9%9.2%25.7%0.5%32.5%0.9%0.1%8.9M83.0M-10.5M0.601.90N/AN/A41,72424,936559,208724,647
2023-07-13$64.59$65.0031.6%9.1%26.0%0.0%32.3%0.9%0.1%20.0M-75.8M-10.7M1.121.82N/AN/A31,63435,478562,864731,120
2023-07-14$64.16$65.0032.4%9.2%25.4%2.8%32.7%0.6%-0.3%7.4M52.4M-10.7M0.451.91N/AN/A82,49737,192565,798746,311
2023-07-17$65.28$65.0033.0%9.4%26.2%5.2%33.3%0.8%-0.0%9.4M-126.4M-10.4M0.801.78N/AN/A35,58328,479538,195733,758
2023-07-18$65.00$65.0033.1%9.5%25.7%5.8%33.7%0.7%-0.0%8.0M-60.7M-10.4M0.761.62N/AN/A25,06719,170544,777741,741
2023-07-19$64.98$65.0032.9%9.4%25.1%4.9%33.4%0.9%0.1%8.6M-45.1M-10.4M0.601.91N/AN/A33,65420,265547,572745,286
2023-07-20$64.72$65.0032.6%9.3%24.8%3.5%33.3%0.9%0.3%4.9M28.1M-10.3M1.101.73N/AN/A33,37036,728556,991749,489
2023-07-21$65.73$65.0031.9%9.2%25.5%1.1%32.3%0.9%-0.0%13.5M-247.9M-10.3M0.671.80N/AN/A47,89431,943564,238749,840
2023-07-24$65.35$65.0032.8%9.4%25.2%4.6%33.3%1.1%0.1%1.0M-141.9M-10.2M0.592.05N/AN/A42,17025,087396,555615,349
2023-07-25$65.70$65.0032.9%9.5%25.2%4.7%33.3%1.1%0.2%3.1M-197.5M-10.3M0.712.12N/AN/A17,70912,617413,069629,053
2023-07-26$67.52$65.0032.2%9.2%26.7%2.1%32.5%0.9%0.1%17.0M-498.3M-10.2M0.751.89N/AN/A38,67229,050417,592634,333
2023-07-27$70.91$65.0033.6%9.6%31.7%7.5%34.4%0.4%0.0%23.8M-1.01B-10.1M0.842.02N/AN/A117,03598,361424,233646,170
2023-07-28$71.06$65.0032.0%9.0%27.2%1.2%31.8%0.8%0.4%2.7M-1.00B-10.2M0.652.26N/AN/A51,39133,469463,822677,502
2023-07-31$71.37$65.0032.9%9.4%25.9%5.0%34.5%1.0%-0.2%20.4M-927.0M-10.3M1.162.07N/AN/A21,36724,762447,318643,568