MU Options History — November 2023

In November 2023, MU traded between $69.44 and $78.75. ATM implied volatility averaged 31.9%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 4.2% (HV 20d: 27.7%). Max pain ranged from $67.50 to $72.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.75.

Notable Days

  • 2023-11-09: Highest Volume — 110,304 contracts
  • 2023-11-20: Largest IV spike — 6.0% change
  • 2023-11-27: Highest IV Rank — 25.6%
  • 2023-11-01: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$75.10$69.44$78.75$69.44$75.22
Max Pain$69.17$67.50$72.50$67.50$72.50
ATM IV31.9%29.6%35.2%33.3%33.4%
Expected Move8.7%7.9%9.9%9.9%8.4%
HV 20d27.7%25.4%30.7%25.6%26.4%
HV 60d27.3%25.5%31.0%30.9%26.2%
IV Rank8.6%0.0%25.6%8.4%17.4%
IV Percentile7.5%0.0%27.8%9.1%15.9%
Term Structure0.9%-1.5%4.9%0.2%-0.8%
VWIV30.9%27.8%34.8%34.8%29.4%
Skew 25d2.6%1.9%3.9%3.9%2.5%
Skew 10d5.9%4.3%8.3%8.3%5.2%
Call IV 25d30.7%28.3%33.9%31.2%32.3%
Put IV 25d33.3%30.3%36.3%35.1%34.8%
Bid-Ask Spread %2.321.585.172.152.16
Gamma HHI0.140.060.740.060.10
Net GEX51.4M13.9M315.4M13.9M15.5M
Net DEX-1.21B-1.75B-451.4M-451.4M-965.4M
Net VEX-9.4M-10.1M-8.6M-10.1M-9.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.411.140.930.88
Total Volume58,868.71428,064110,30465,54339,571
Total OI1,079,630.333968,0771,154,4171,065,8151,102,151

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$69.44$67.5033.3%9.9%25.6%8.4%34.8%3.9%0.2%13.9M-451.4M-10.1M0.932.15N/AN/A34,04131,502439,848625,967
2023-11-02$70.44$67.5031.4%9.4%25.4%0.0%32.7%3.4%0.5%26.6M-676.8M-9.8M1.011.78N/AN/A27,52027,683455,221633,384
2023-11-03$72.63$67.5030.2%9.1%27.3%0.0%32.4%3.0%0.7%36.7M-1.06B-9.8M0.411.73N/AN/A56,71222,995460,259639,006
2023-11-06$72.72$67.5030.3%9.0%26.8%0.2%31.6%3.0%0.7%34.7M-950.3M-9.6M1.041.73N/AN/A20,27521,137446,688622,954
2023-11-07$73.02$67.5030.2%8.9%26.7%0.0%33.1%3.0%0.9%39.8M-1.01B-9.4M0.691.82N/AN/A21,56514,891452,326630,416
2023-11-08$72.09$67.5030.4%8.9%27.1%1.0%32.2%2.9%0.6%34.1M-837.2M-9.4M0.601.85N/AN/A22,40913,504455,509632,313
2023-11-09$73.65$67.5031.4%9.3%27.9%5.8%32.5%2.8%1.0%48.4M-1.15B-9.3M0.591.58N/AN/A69,44740,857462,097636,851
2023-11-10$75.57$67.5030.7%9.0%28.7%2.3%31.5%2.3%1.1%56.8M-1.54B-9.2M0.661.77N/AN/A46,64730,965478,620649,123
2023-11-13$74.97$67.5030.9%8.9%29.0%3.6%31.9%2.5%3.7%47.0M-1.27B-9.3M0.861.61N/AN/A17,73915,187461,346637,302
2023-11-14$77.13$67.5030.2%8.7%30.0%0.0%30.6%2.3%3.9%60.9M-1.69B-8.9M0.522.12N/AN/A54,51528,195465,196641,633
2023-11-15$76.98$70.0029.6%8.5%30.1%0.0%30.3%2.1%4.2%70.1M-1.68B-8.9M0.681.73N/AN/A21,93414,927479,473655,327
2023-11-16$76.90$70.0030.4%8.5%28.3%3.7%30.2%1.9%4.3%83.6M-1.64B-8.9M0.522.03N/AN/A29,21315,319484,078660,591
2023-11-17$77.43$70.0030.6%8.3%28.2%4.7%29.4%2.0%4.9%315.4M-1.75B-8.9M0.451.62N/AN/A47,04921,196487,921666,496
2023-11-20$78.75$70.0032.5%8.1%28.0%13.2%28.7%2.6%-0.9%32.9M-1.44B-8.6M0.632.45N/AN/A38,44624,363399,104568,973
2023-11-21$76.47$70.0034.3%8.4%30.7%21.6%31.2%2.4%-1.0%25.9M-1.14B-9.3M1.142.23N/AN/A21,92824,980418,085580,064
2023-11-22$77.18$70.0034.1%8.0%28.4%20.8%28.0%2.5%-1.5%33.8M-1.31B-9.2M0.603.01N/AN/A26,45915,748431,490591,040
2023-11-24$76.73$70.0033.4%7.9%25.8%17.3%27.8%2.4%-1.4%23.6M-1.23B-9.6M0.565.17N/AN/A17,99010,074442,015597,953
2023-11-27$77.52$70.0035.2%8.9%25.7%25.6%31.8%2.6%-1.4%31.3M-1.35B-9.5M0.774.94N/AN/A52,00840,205432,722588,361
2023-11-28$75.81$72.5033.4%8.2%27.9%17.3%29.2%2.5%-0.9%20.0M-1.08B-9.8M1.092.00N/AN/A39,58843,099457,782610,484
2023-11-29$76.45$72.5033.5%8.3%27.9%17.8%29.4%2.3%-1.1%29.2M-1.19B-10.0M1.133.19N/AN/A34,83339,527469,106622,962
2023-11-30$75.22$72.5033.4%8.4%26.4%17.4%29.4%2.5%-0.8%15.5M-965.4M-9.9M0.882.16N/AN/A21,03218,539477,630624,521