MU Options History — September 2023

In September 2023, MU traded between $65.44 and $71.93. ATM implied volatility averaged 37.7%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 8.5% (HV 20d: 29.2%). Max pain ranged from $65.00 to $67.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.02.

Notable Days

  • 2023-09-28: Highest Volume — 306,941 contracts
  • 2023-09-28: Largest IV drop — 13.1% change
  • 2023-09-26: Highest IV Rank — 39.2%
  • 2023-09-26: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.51$65.44$71.93$70.06$68.10
Max Pain$65.85$65.00$67.50$65.00$67.00
ATM IV37.7%33.5%41.8%36.8%33.5%
Expected Move10.6%7.9%12.4%7.9%9.5%
HV 20d29.2%21.7%40.0%40.0%27.2%
HV 60d31.4%30.6%32.5%32.5%32.1%
IV Rank23.3%7.3%39.2%19.8%7.3%
IV Percentile32.3%7.9%55.6%23.8%7.9%
Term Structure-0.6%-1.2%0.4%-0.3%0.4%
VWIV37.4%27.9%43.0%27.9%33.6%
Skew 25d2.5%1.9%3.3%2.1%3.3%
Skew 10d4.9%3.6%6.6%3.7%6.6%
Call IV 25d36.5%31.7%40.0%36.1%31.7%
Put IV 25d39.0%34.9%42.8%38.1%34.9%
Bid-Ask Spread %1.761.393.841.881.98
Gamma HHI0.070.050.210.210.05
Net GEX14.6M-34.6M46.2M46.2M16.8M
Net DEX-610.6M-1.16B331.2M-968.6M-406.0M
Net VEX-10.1M-10.4M-9.8M-10.2M-10.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.671.790.911.16
Total Volume79,760.534,984306,94153,258202,369
Total OI1,124,699.3985,2961,233,9601,180,0891,233,170

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$70.06$65.0036.8%7.9%40.0%19.8%27.9%2.1%-0.3%46.2M-968.6M-10.2M0.911.88N/AN/A27,90825,350472,421707,668
2023-09-05$70.60$65.0037.7%10.6%40.0%23.3%37.0%2.2%-0.4%21.9M-906.3M-10.1M0.741.65N/AN/A34,54625,737450,442693,313
2023-09-06$70.31$65.0038.1%10.6%39.3%24.8%37.3%2.2%-0.7%20.6M-865.0M-10.1M1.471.66N/AN/A14,13720,847458,616701,557
2023-09-07$70.00$65.0038.6%10.7%38.9%26.6%37.3%2.6%-0.9%14.8M-800.0M-10.2M1.471.58N/AN/A18,47427,207461,631707,855
2023-09-08$69.95$65.0037.6%10.5%37.7%23.1%37.5%1.9%-0.9%6.4M-798.1M-10.1M0.771.89N/AN/A46,06035,266464,446715,355
2023-09-11$70.03$65.0037.1%10.4%37.0%21.2%40.3%2.0%-0.8%19.2M-792.9M-10.1M1.791.48N/AN/A23,52242,023466,959713,269
2023-09-12$70.60$65.0036.8%10.4%29.8%19.8%37.0%2.0%-0.4%23.9M-923.8M-10.0M0.801.71N/AN/A23,04718,486472,799708,734
2023-09-13$70.59$65.0036.6%10.4%24.4%19.0%36.5%2.1%-0.4%23.9M-929.5M-10.0M0.811.61N/AN/A28,37822,906480,264714,820
2023-09-14$71.93$65.0035.9%10.0%23.8%16.4%35.1%1.9%-1.2%36.9M-1.16B-10.0M0.671.39N/AN/A36,13924,213487,904722,866
2023-09-15$69.97$65.0036.2%10.2%25.7%17.4%36.1%2.1%-0.9%23.6M-778.7M-10.0M0.951.59N/AN/A29,85228,300500,830733,130
2023-09-18$70.31$65.0037.2%10.6%25.7%21.4%37.3%2.1%-0.8%13.2M-584.4M-9.8M0.671.61N/AN/A33,87822,613397,502587,794
2023-09-19$70.66$65.0037.5%10.7%25.7%22.5%38.1%2.7%-1.0%15.0M-631.0M-10.1M1.521.54N/AN/A14,25021,592408,918597,830
2023-09-20$70.03$65.0038.8%11.1%25.6%27.6%38.6%2.5%-0.9%12.5M-553.0M-9.9M0.791.68N/AN/A26,39520,761414,536602,359
2023-09-21$68.12$67.5040.3%11.6%26.3%33.3%40.3%2.9%-0.8%1.5M-227.3M-10.2M0.851.46N/AN/A27,78123,645428,279609,422
2023-09-22$69.13$67.5039.4%11.4%23.6%29.9%39.7%2.5%-0.7%8.8M-393.4M-10.2M0.751.52N/AN/A32,91424,603434,545614,663
2023-09-25$68.41$67.5040.5%12.0%24.2%34.2%41.8%3.1%-0.9%9.9M-340.8M-10.0M1.181.48N/AN/A24,45928,755429,804599,161
2023-09-26$67.91$67.5041.8%12.4%23.5%39.2%43.0%2.8%-1.0%5.9M-234.8M-10.2M0.923.84N/AN/A41,89638,458433,174614,507
2023-09-27$68.00$67.5039.4%11.7%21.7%29.8%40.7%2.9%-0.3%5.9M-251.4M-10.1M1.341.92N/AN/A64,77386,729450,069637,408
2023-09-28$65.44$67.5034.2%9.6%24.6%9.9%33.4%3.3%0.1%-34.6M331.2M-9.9M0.831.82N/AN/A167,550139,391477,157688,809
2023-09-29$68.10$67.0033.5%9.5%27.2%7.3%33.6%3.3%0.4%16.8M-406.0M-10.4M1.161.98N/AN/A93,775108,594534,213698,957