MU Options History — February 2024

In February 2024, MU traded between $79.43 and $92.19. ATM implied volatility averaged 38.2%, placing in the 46.0% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 6.6% (HV 20d: 31.6%). Max pain ranged from $75.00 to $80.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-02-26: Highest Volume — 307,854 contracts
  • 2024-02-21: Largest IV spike — 19.1% change
  • 2024-02-26: Highest IV Rank — 82.4%
  • 2024-02-26: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.16$79.43$92.19$85.81$90.00
Max Pain$77.88$75.00$80.00$75.00$80.00
ATM IV38.2%30.8%47.0%31.2%46.0%
Expected Move10.0%8.9%10.9%9.0%10.3%
HV 20d31.6%25.6%40.8%25.7%40.3%
HV 60d33.8%31.6%36.8%31.9%36.8%
IV Rank46.0%15.2%82.4%16.8%78.3%
IV Percentile58.2%12.3%96.0%13.5%92.5%
Term Structure-0.0%-3.0%6.1%0.6%-2.8%
VWIV35.6%31.6%38.7%32.3%36.4%
Skew 25d0.4%-2.0%1.5%1.1%-2.0%
Skew 10d1.0%-4.1%3.1%2.8%-3.8%
Call IV 25d38.8%30.6%48.8%31.2%48.8%
Put IV 25d39.3%31.6%46.8%32.3%46.8%
Bid-Ask Spread %3.522.4013.032.632.70
Gamma HHI0.090.060.120.100.10
Net GEX43.3M12.5M83.9M43.0M83.9M
Net DEX-1.44B-2.72B-497.3M-1.42B-2.37B
Net VEX-11.1M-12.3M-10.5M-10.5M-12.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.220.970.610.33
Total Volume89,660.736,581307,85436,58195,132
Total OI949,464.8868,5791,111,960894,1821,111,960

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$85.81$75.0031.2%9.0%25.7%16.8%32.3%1.1%0.6%43.0M-1.42B-10.5M0.612.63N/AN/A22,67613,905463,611430,571
2024-02-02$86.32$75.0030.8%8.9%25.6%15.2%31.6%0.9%0.1%52.8M-1.54B-10.6M0.412.45N/AN/A35,89214,756471,271433,464
2024-02-05$86.77$75.0032.0%9.2%25.6%20.0%32.4%1.0%0.1%44.9M-1.58B-10.5M0.972.41N/AN/A22,26321,527446,934421,645
2024-02-06$83.87$75.0032.4%9.3%28.0%21.9%32.8%1.2%0.1%30.1M-1.11B-10.7M0.912.40N/AN/A25,90723,686452,396430,219
2024-02-07$85.19$75.0032.2%9.3%27.7%21.1%32.7%1.2%0.1%39.0M-1.34B-10.5M0.622.75N/AN/A36,65122,775457,995434,325
2024-02-08$84.94$75.0033.9%9.7%27.5%28.1%33.9%0.9%0.1%36.8M-1.29B-10.8M0.302.93N/AN/A41,75812,427464,097439,958
2024-02-09$85.43$75.0034.7%10.0%27.4%31.4%35.3%0.6%0.8%42.9M-1.38B-10.9M0.223.22N/AN/A101,33721,900476,663443,835
2024-02-12$85.66$75.0035.9%10.3%27.2%36.5%36.6%0.3%0.3%43.3M-1.47B-11.0M0.342.61N/AN/A50,77717,030479,638436,045
2024-02-13$81.22$77.5037.8%10.8%32.4%44.1%38.0%1.5%6.1%20.1M-767.5M-10.9M0.622.89N/AN/A58,05236,053493,277443,830
2024-02-14$81.59$80.0035.4%10.2%32.1%34.4%35.9%1.3%0.9%22.7M-808.1M-11.1M0.462.99N/AN/A48,17322,387507,163454,902
2024-02-15$81.60$80.0036.1%10.3%31.3%37.4%37.4%1.1%1.3%22.3M-843.3M-11.2M0.803.08N/AN/A29,00623,292518,343458,169
2024-02-16$79.43$80.0036.1%10.2%29.7%37.3%36.6%0.9%1.3%12.5M-497.3M-10.9M0.523.00N/AN/A77,53640,015526,037465,123
2024-02-20$80.60$80.0038.0%10.7%29.2%45.1%38.7%1.0%3.7%23.4M-788.8M-11.0M0.532.64N/AN/A46,47824,858469,120429,679
2024-02-21$81.06$80.0045.3%10.7%28.9%75.2%38.0%1.1%-1.7%28.9M-887.9M-11.2M0.3813.03N/AN/A33,66612,691487,410442,134
2024-02-22$86.06$80.0044.3%10.1%36.5%71.1%35.9%0.3%-2.0%54.7M-1.72B-11.3M0.442.61N/AN/A88,80439,351498,805445,116
2024-02-23$85.80$80.0043.5%9.6%36.3%67.8%34.0%1.2%-1.3%55.5M-1.68B-11.4M0.647.30N/AN/A36,57923,237519,732461,796
2024-02-26$89.83$80.0047.0%10.9%39.9%82.4%38.6%-1.7%-2.4%58.0M-2.22B-11.2M0.282.97N/AN/A241,35966,495496,755450,334
2024-02-27$92.19$80.0046.1%10.6%40.8%78.6%37.5%-1.8%-2.4%76.4M-2.72B-11.6M0.272.80N/AN/A133,72236,683563,295473,258
2024-02-28$89.88$80.0045.9%10.4%40.3%77.8%37.5%-1.4%-3.0%74.0M-2.32B-12.1M0.352.89N/AN/A70,13924,239603,806486,585
2024-02-29$90.00$80.0046.0%10.3%40.3%78.3%36.4%-2.0%-2.8%83.9M-2.37B-12.3M0.332.70N/AN/A71,36323,769616,520495,440