MU Options History — January 2024

In January 2024, MU traded between $81.88 and $89.25. ATM implied volatility averaged 30.2%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 6.7% (HV 20d: 37.0%). Max pain ranged from $72.50 to $85.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2024-01-19: Highest Volume — 141,750 contracts
  • 2024-01-16: Largest IV spike — 6.9% change
  • 2024-01-30: Highest IV Rank — 20.7%
  • 2024-01-30: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.13$81.88$89.25$81.88$85.69
Max Pain$80.55$72.50$85.00$72.50$85.00
ATM IV30.2%28.5%32.1%29.4%31.4%
Expected Move8.8%8.1%9.7%8.1%9.3%
HV 20d37.0%25.7%43.7%43.7%25.7%
HV 60d32.6%32.2%33.2%32.4%32.4%
IV Rank12.8%5.5%20.7%9.2%17.9%
IV Percentile6.9%1.6%17.9%2.0%13.9%
Term Structure-0.1%-0.9%0.5%0.2%0.5%
VWIV31.0%28.7%35.7%28.9%33.1%
Skew 25d1.3%0.4%2.1%2.0%0.9%
Skew 10d2.7%0.8%4.5%3.9%2.0%
Call IV 25d30.0%27.9%32.2%28.9%31.8%
Put IV 25d31.3%29.5%33.3%30.9%32.8%
Bid-Ask Spread %2.461.745.272.243.58
Gamma HHI0.100.080.220.080.10
Net GEX48.0M29.0M107.0M29.0M39.0M
Net DEX-1.85B-2.84B-1.39B-1.50B-1.39B
Net VEX-10.4M-10.7M-9.8M-10.4M-10.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.350.950.490.53
Total Volume65,954.14337,060141,75080,96837,060
Total OI1,068,493.857810,9621,227,1911,145,059883,558

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$81.88$72.5029.4%8.1%43.7%9.2%28.9%2.0%0.2%29.0M-1.50B-10.4M0.492.24N/AN/A54,24826,720524,782620,277
2024-01-03$82.10$72.5030.1%8.2%42.6%12.3%29.1%1.8%-0.0%30.9M-1.57B-10.4M0.631.95N/AN/A29,21018,303529,747627,566
2024-01-04$82.94$80.0030.2%8.7%42.4%12.9%30.8%1.7%-0.5%37.1M-1.75B-10.7M0.532.15N/AN/A31,70416,836543,322633,364
2024-01-05$83.23$80.0029.9%8.7%42.0%11.6%30.3%1.7%-0.2%37.9M-1.81B-10.7M0.932.54N/AN/A33,85531,369553,137639,283
2024-01-08$84.59$80.0030.0%8.6%42.1%11.7%30.3%1.7%0.0%45.9M-2.13B-10.2M0.592.06N/AN/A41,10624,055541,275626,398
2024-01-09$83.07$80.0029.3%8.5%42.8%8.9%29.6%1.7%0.3%37.0M-1.80B-10.5M0.371.74N/AN/A34,97912,960551,655639,008
2024-01-10$82.32$80.0029.2%8.4%40.9%8.7%29.6%1.6%0.0%35.8M-1.66B-10.4M0.682.21N/AN/A25,70517,538560,985641,761
2024-01-11$83.13$80.0028.9%8.3%41.0%7.4%28.9%1.6%0.3%44.8M-1.85B-10.5M0.391.94N/AN/A28,68611,241569,531643,620
2024-01-12$82.48$80.0028.5%8.2%40.4%5.5%28.7%1.6%0.2%45.5M-1.71B-10.3M0.791.87N/AN/A32,18525,544578,571646,157
2024-01-16$84.34$80.0030.4%8.7%39.9%13.7%30.7%1.8%-0.5%51.6M-2.11B-10.1M0.395.27N/AN/A53,18120,581549,834630,804
2024-01-17$83.19$80.0031.5%9.0%40.0%18.0%31.8%2.1%-0.8%48.1M-1.88B-10.3M0.882.33N/AN/A24,96321,890565,055637,518
2024-01-18$84.72$80.0030.8%8.9%40.5%15.1%31.1%1.8%-0.8%56.5M-2.23B-10.2M0.371.84N/AN/A66,05024,467567,509642,775
2024-01-19$87.55$80.0031.1%9.0%41.9%16.5%31.5%0.6%-0.9%107.0M-2.84B-10.0M0.372.60N/AN/A103,71338,037575,446651,745
2024-01-22$89.25$80.0030.4%8.9%39.2%13.6%31.4%0.7%-0.2%51.8M-2.01B-9.8M0.352.40N/AN/A79,37327,788412,654398,308
2024-01-23$87.41$82.5029.7%8.7%28.2%10.7%30.9%1.1%-0.2%50.7M-1.73B-10.4M0.482.41N/AN/A41,30519,857438,617412,333
2024-01-24$88.06$82.5030.3%9.0%28.2%13.2%31.7%0.8%-0.3%52.8M-1.84B-10.4M0.412.40N/AN/A49,56120,154448,155420,107
2024-01-25$89.00$82.5030.8%9.1%28.2%15.4%32.2%0.4%-0.5%62.0M-2.01B-10.5M0.652.47N/AN/A53,63935,021458,952430,434
2024-01-26$88.16$84.0030.1%8.9%28.2%12.4%31.3%0.6%0.1%54.2M-1.81B-10.6M0.592.69N/AN/A43,81026,061470,328440,561
2024-01-29$88.63$85.0030.6%9.2%28.2%14.2%32.8%0.5%0.5%50.9M-1.87B-10.4M0.442.50N/AN/A27,19511,966444,102417,407
2024-01-30$85.97$85.0032.1%9.7%30.2%20.7%35.7%1.1%0.2%40.1M-1.44B-10.7M0.952.47N/AN/A32,36330,758449,039422,691
2024-01-31$85.69$85.0031.4%9.3%25.7%17.9%33.1%0.9%0.5%39.0M-1.39B-10.5M0.533.58N/AN/A24,16712,893455,208428,350