MU Options History — December 2023

In December 2023, MU traded between $72.98 and $87.30. ATM implied volatility averaged 32.7%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 1.2% (HV 20d: 31.5%). Max pain ranged from $70.00 to $72.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-12-21: Highest Volume — 436,597 contracts
  • 2023-12-21: Largest IV drop — 15.8% change
  • 2023-12-20: Highest IV Rank — 27.9%
  • 2023-12-20: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.24$72.98$87.30$75.91$85.45
Max Pain$70.63$70.00$72.50$72.50$72.50
ATM IV32.7%27.1%35.7%33.1%27.1%
Expected Move9.1%7.4%10.2%8.2%7.4%
HV 20d31.5%25.6%41.6%26.2%40.1%
HV 60d28.6%26.3%33.0%26.3%31.1%
IV Rank16.0%0.0%27.9%16.0%0.0%
IV Percentile17.7%0.0%37.7%13.9%0.0%
Term Structure-0.2%-1.5%1.3%-1.0%1.1%
VWIV32.2%27.3%36.2%28.9%27.3%
Skew 25d1.4%0.5%2.4%2.4%1.4%
Skew 10d3.2%1.3%5.5%4.6%3.0%
Call IV 25d32.2%26.4%35.8%32.3%26.4%
Put IV 25d33.6%27.8%36.4%34.7%27.8%
Bid-Ask Spread %2.561.805.242.673.13
Gamma HHI0.090.060.210.100.10
Net GEX40.0M6.6M82.4M12.8M44.8M
Net DEX-1.71B-2.76B-636.3M-1.08B-2.12B
Net VEX-9.8M-10.6M-9.3M-10.0M-10.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.281.140.840.83
Total Volume98,961.4528,366436,59749,88153,312
Total OI1,128,164.051,012,8171,258,0681,109,0061,191,575

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$75.91$72.5033.1%8.2%26.2%16.0%28.9%2.4%-1.0%12.8M-1.08B-10.0M0.842.67N/AN/A27,06022,821481,733627,273
2023-12-04$74.22$70.0034.4%9.4%25.7%22.0%33.2%2.4%-0.5%14.8M-850.8M-9.8M1.141.93N/AN/A14,29616,271466,318614,808
2023-12-05$73.68$70.0034.4%9.7%25.9%22.0%34.1%2.2%-0.1%11.0M-744.8M-9.9M0.562.66N/AN/A23,60613,212470,565619,229
2023-12-06$72.98$70.0034.5%9.7%26.1%22.6%33.4%2.1%-0.2%6.6M-636.3M-10.0M0.971.80N/AN/A14,36614,000476,957623,070
2023-12-07$73.59$70.0034.4%9.7%25.8%21.8%33.7%2.0%-0.3%10.4M-761.9M-9.7M0.602.06N/AN/A22,23613,368478,356626,715
2023-12-08$74.97$70.0034.3%9.6%25.6%21.4%33.3%1.8%-0.2%20.2M-1.01B-9.8M0.482.54N/AN/A57,31627,452481,517630,303
2023-12-11$78.07$70.0035.4%9.8%27.9%26.7%35.2%1.7%-1.3%41.9M-1.54B-9.5M0.562.60N/AN/A42,38423,879474,882618,823
2023-12-12$77.98$70.0034.9%9.6%27.7%24.6%34.2%1.7%-1.2%46.3M-1.53B-9.6M0.792.44N/AN/A20,65816,228488,177625,577
2023-12-13$79.85$70.0035.0%9.7%27.1%24.6%34.0%1.7%-1.4%64.0M-1.93B-9.4M0.752.61N/AN/A39,51829,464499,572630,959
2023-12-14$82.19$70.0035.1%9.7%28.7%25.5%34.5%1.4%-1.4%52.1M-2.36B-9.3M0.841.89N/AN/A45,72238,421508,389646,634
2023-12-15$81.31$70.0034.3%9.6%29.1%21.6%33.7%0.8%-1.5%43.4M-2.19B-9.5M0.542.32N/AN/A52,84528,745516,218664,406
2023-12-18$81.41$70.0033.5%9.5%29.1%18.1%33.5%0.7%-0.0%33.0M-1.64B-9.4M0.822.41N/AN/A37,10330,487447,358565,459
2023-12-19$82.15$70.0033.3%9.5%28.7%17.1%33.9%0.6%-0.3%35.4M-1.77B-9.5M0.412.22N/AN/A63,30026,098462,127578,857
2023-12-20$79.02$70.0035.7%10.2%30.2%27.9%36.2%0.5%-0.5%24.5M-1.29B-10.1M1.095.24N/AN/A126,890138,364484,230587,787
2023-12-21$85.78$70.0030.0%8.6%41.6%1.8%30.5%0.5%0.3%82.4M-2.68B-9.6M0.572.26N/AN/A277,869158,728550,925652,949
2023-12-22$86.44$70.0028.1%8.0%41.4%0.0%28.5%0.7%0.4%73.2M-2.76B-9.8M0.692.72N/AN/A127,04487,283576,807681,261
2023-12-26$87.30$72.5029.3%8.2%41.4%4.8%29.3%0.7%1.0%61.5M-2.53B-9.9M0.282.55N/AN/A78,95321,887522,295624,487
2023-12-27$86.50$72.5028.3%7.9%40.5%0.6%28.4%1.1%1.1%63.0M-2.41B-10.2M0.482.61N/AN/A56,45226,824541,071632,349
2023-12-28$86.09$72.5027.9%7.7%40.6%0.0%28.1%1.1%1.3%57.6M-2.34B-10.3M0.432.51N/AN/A45,28219,485552,451640,812
2023-12-29$85.45$72.5027.1%7.4%40.1%0.0%27.3%1.4%1.1%44.8M-2.12B-10.6M0.833.13N/AN/A29,12824,184546,750644,825