MU Options History — August 2023

In August 2023, MU traded between $63.47 and $70.72. ATM implied volatility averaged 36.0%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 0.4% (HV 20d: 35.5%). Max pain ranged from $65.00 to $67.50. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 1.28.

Notable Days

  • 2023-08-30: Highest Volume — 121,199 contracts
  • 2023-08-02: Largest IV spike — 6.1% change
  • 2023-08-28: Highest IV Rank — 25.0%
  • 2023-08-17: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.41$63.47$70.72$70.72$70.02
Max Pain$65.43$65.00$67.50$65.00$65.00
ATM IV36.0%32.8%38.1%32.8%37.8%
Expected Move9.9%8.5%10.9%9.3%8.6%
HV 20d35.5%26.4%41.6%26.4%40.1%
HV 60d34.6%31.4%36.5%35.1%32.6%
IV Rank16.6%4.5%25.0%4.5%23.9%
IV Percentile19.4%4.4%33.7%4.4%32.5%
Term Structure0.8%-1.0%4.7%-0.6%-0.5%
VWIV34.6%30.1%37.4%33.1%30.3%
Skew 25d2.5%1.1%3.1%1.1%2.1%
Skew 10d5.6%2.7%6.9%2.7%4.0%
Call IV 25d35.1%32.9%38.2%32.9%37.1%
Put IV 25d37.5%33.9%40.8%33.9%39.2%
Bid-Ask Spread %1.981.464.241.971.92
Gamma HHI0.060.050.090.060.07
Net GEX-6.2M-31.4M26.3M17.6M26.3M
Net DEX-153.3M-946.4M415.8M-826.3M-946.4M
Net VEX-10.3M-10.6M-9.8M-10.3M-10.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.543.381.120.56
Total Volume60,796.30423,917121,19935,43580,634
Total OI1,128,362.131,049,9611,185,3021,112,1321,158,947

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$70.72$65.0032.8%9.3%26.4%4.5%33.1%1.1%-0.6%17.6M-826.3M-10.3M1.121.97N/AN/A16,67618,759454,897657,235
2023-08-02$68.16$65.0034.8%9.9%28.8%12.3%35.1%1.9%-0.6%3.7M-387.1M-10.3M1.491.98N/AN/A28,82742,830453,918660,648
2023-08-03$69.07$67.5034.8%9.9%27.6%12.3%35.6%1.7%-0.5%7.1M-528.7M-10.6M0.941.85N/AN/A18,58817,516458,493674,806
2023-08-04$69.65$67.5035.2%10.1%27.5%13.6%35.7%1.6%-0.6%9.2M-623.1M-10.6M0.851.91N/AN/A31,63326,887460,956678,338
2023-08-07$69.16$67.5034.2%9.8%27.2%9.7%37.3%2.4%0.0%7.1M-517.5M-10.4M1.981.50N/AN/A16,49732,648443,478663,842
2023-08-08$67.78$67.5034.2%9.9%28.1%9.9%35.0%2.7%0.6%-2.0M-272.1M-10.4M1.691.70N/AN/A27,36346,356448,354676,450
2023-08-09$66.91$65.0034.5%9.9%28.7%10.9%34.7%2.6%-0.0%-7.8M-124.9M-10.5M1.141.48N/AN/A11,17112,746454,183688,471
2023-08-10$65.31$65.0034.9%10.1%29.9%12.6%35.7%2.4%0.5%-18.2M153.9M-10.4M1.421.67N/AN/A26,71937,877455,298687,056
2023-08-11$64.25$65.0034.4%9.9%30.4%10.4%35.3%2.9%0.4%-21.4M337.6M-10.2M1.251.50N/AN/A33,79042,363464,418694,316
2023-08-14$68.45$65.0035.0%10.1%37.4%12.9%35.8%3.1%0.2%6.7M-456.0M-10.1M1.211.49N/AN/A42,97552,027445,996682,138
2023-08-15$65.47$65.0036.4%10.4%40.9%18.5%36.8%2.8%0.5%-17.8M95.6M-10.3M0.971.85N/AN/A26,22225,566458,636703,529
2023-08-16$64.44$65.0036.4%10.4%41.4%18.4%31.3%2.8%0.4%-24.1M265.1M-10.3M3.381.46N/AN/A15,56952,691462,530706,000
2023-08-17$63.55$65.0037.8%10.9%41.6%23.7%33.3%2.6%-0.4%-31.4M415.8M-10.3M1.991.65N/AN/A16,90733,715466,823707,751
2023-08-18$63.78$65.0036.6%10.4%41.2%18.9%37.4%2.6%1.0%-22.2M353.9M-10.1M1.311.65N/AN/A29,65938,764471,932713,370
2023-08-21$64.06$65.0036.4%10.3%41.2%18.2%34.6%2.9%4.3%-16.7M207.7M-10.2M1.213.91N/AN/A19,52723,582388,898661,063
2023-08-22$63.47$65.0037.5%10.6%41.3%22.5%36.6%3.0%3.7%-18.8M234.9M-10.2M0.544.24N/AN/A48,01726,061399,057661,450
2023-08-23$65.43$65.0036.8%10.4%41.6%20.0%36.6%2.6%3.8%-5.3M-110.8M-10.3M0.711.88N/AN/A29,01520,651434,935672,883
2023-08-24$63.47$65.0037.4%10.3%38.2%22.2%36.1%2.6%4.6%-20.3M219.0M-10.3M1.192.09N/AN/A24,07328,533449,668674,901
2023-08-25$63.86$65.0036.0%9.5%38.3%16.7%33.8%2.5%4.7%-27.5M153.7M-10.1M1.361.89N/AN/A20,48827,789455,019685,324
2023-08-28$65.23$65.0038.1%9.5%39.3%25.0%33.5%2.6%-0.8%-6.5M-103.6M-10.1M1.081.92N/AN/A18,85520,328427,296660,392
2023-08-29$66.97$65.0037.3%9.0%40.7%21.8%32.2%2.6%-0.2%4.4M-400.6M-10.0M1.171.93N/AN/A30,55235,670436,011665,875
2023-08-30$68.31$65.0037.8%8.5%39.4%23.7%30.1%2.3%-1.0%15.0M-666.0M-9.8M0.842.00N/AN/A65,97055,229446,456680,292
2023-08-31$70.02$65.0037.8%8.6%40.1%23.9%30.3%2.1%-0.5%26.3M-946.4M-10.1M0.561.92N/AN/A51,79228,842460,497698,450