MU Options History — March 2024

In March 2024, MU traded between $91.23 and $119.30. ATM implied volatility averaged 48.1%, placing in the 74.1% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 2.6% (HV 20d: 50.7%). Max pain ranged from $80.00 to $90.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.45.

Notable Days

  • 2024-03-21: Highest Volume — 831,955 contracts
  • 2024-03-21: Largest IV drop — 33.9% change
  • 2024-03-05: Highest IV Rank — 100.0%
  • 2024-03-18: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$101.30$91.23$119.30$95.19$117.57
Max Pain$84.75$80.00$90.00$80.00$90.00
ATM IV48.1%34.0%57.1%47.9%36.9%
Expected Move13.0%9.6%16.0%10.9%10.0%
HV 20d50.7%43.5%63.4%44.5%62.4%
HV 60d40.7%35.7%46.4%38.0%45.4%
IV Rank74.1%22.7%100.0%86.0%32.7%
IV Percentile88.4%33.3%100.0%96.4%63.9%
Term Structure-1.9%-4.3%0.9%-3.3%0.6%
VWIV46.4%34.9%57.2%39.0%35.9%
Skew 25d-4.4%-6.8%-1.8%-3.4%-1.8%
Skew 10d-9.0%-13.7%-4.0%-7.3%-4.0%
Call IV 25d51.3%35.2%62.2%52.4%38.6%
Put IV 25d46.9%32.9%56.0%49.0%36.7%
Bid-Ask Spread %9.642.9729.773.475.88
Gamma HHI0.110.070.510.160.10
Net GEX86.9M38.6M241.7M95.1M97.3M
Net DEX-3.76B-6.18B-2.12B-3.45B-5.17B
Net VEX-13.2M-14.8M-11.7M-12.2M-14.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.310.670.360.40
Total Volume246,632.268,971831,955215,976209,479
Total OI1,246,618.551,060,5141,517,1181,129,4391,507,992

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$95.19$80.0047.9%10.9%44.5%86.0%39.0%-3.4%-3.3%95.1M-3.45B-12.2M0.363.47N/AN/A159,03056,946626,820502,619
2024-03-04$96.37$82.5050.8%13.1%44.6%98.0%46.5%-4.3%-2.4%71.6M-3.28B-12.7M0.3318.96N/AN/A101,42433,259606,379493,434
2024-03-05$94.19$82.5052.7%13.0%45.7%100.0%46.2%-4.7%-2.4%71.3M-2.93B-12.8M0.484.43N/AN/A57,92027,995624,982506,736
2024-03-06$95.37$82.5051.6%13.4%43.5%96.0%48.1%-3.7%-2.7%79.1M-3.18B-12.9M0.502.97N/AN/A46,02822,943638,921515,738
2024-03-07$98.80$82.5056.2%14.6%44.6%100.0%52.2%-6.7%-3.3%78.9M-3.80B-12.8M0.3412.79N/AN/A186,37264,213647,021522,831
2024-03-08$97.95$82.5053.8%14.1%44.8%91.9%51.0%-6.8%-3.2%83.3M-3.61B-13.1M0.4429.77N/AN/A142,88162,721680,808555,983
2024-03-11$94.52$82.5047.9%13.0%47.4%71.5%46.5%-3.7%-1.6%63.8M-2.80B-13.0M0.5816.71N/AN/A63,69537,098648,062534,005
2024-03-12$97.07$82.5051.7%13.9%48.0%84.7%49.8%-4.7%-2.6%70.0M-3.30B-12.9M0.4510.52N/AN/A59,34026,893664,660549,008
2024-03-13$93.88$82.5051.6%13.9%45.1%84.2%49.2%-4.0%-3.4%66.5M-2.70B-13.2M0.648.50N/AN/A61,31539,435683,152557,896
2024-03-14$91.23$85.0049.9%13.5%46.9%78.2%49.1%-3.9%-3.2%59.4M-2.12B-13.2M0.539.72N/AN/A60,00831,978694,673570,304
2024-03-15$93.34$85.0056.3%15.3%47.2%100.0%54.7%-4.6%-4.3%38.6M-2.70B-13.4M0.405.17N/AN/A111,68844,152707,601576,219
2024-03-18$93.99$85.0057.1%16.0%45.5%100.0%57.2%-4.8%-2.9%43.0M-2.18B-13.3M0.477.20N/AN/A95,98244,799592,934467,580
2024-03-19$94.00$85.0052.1%14.8%45.6%83.1%52.6%-3.8%-2.6%49.1M-2.23B-13.6M0.677.01N/AN/A82,42554,809631,815491,396
2024-03-20$96.42$85.0054.3%15.6%46.0%90.5%55.0%-6.0%-3.0%55.6M-2.71B-13.4M0.4818.76N/AN/A233,516112,686653,648506,499
2024-03-21$110.09$85.0035.9%10.3%61.4%29.2%36.4%-4.5%0.4%125.3M-5.72B-11.7M0.417.24N/AN/A591,989239,966756,415576,290
2024-03-22$110.04$87.5034.0%9.6%61.3%22.7%34.9%-2.3%0.9%241.7M-5.04B-12.8M0.446.91N/AN/A267,519118,278806,051644,110
2024-03-25$117.77$87.5042.4%12.2%63.4%51.0%43.7%-6.0%-0.4%100.8M-5.96B-13.0M0.329.21N/AN/A507,889163,742723,745534,846
2024-03-26$119.30$90.0041.1%11.7%63.2%46.6%42.2%-5.3%0.3%115.0M-6.18B-14.4M0.313.62N/AN/A339,497106,695822,993591,087
2024-03-27$118.91$90.0037.5%10.3%61.9%34.7%37.0%-3.2%0.8%131.9M-6.05B-14.7M0.353.88N/AN/A197,08968,950885,054632,064
2024-03-28$117.57$90.0036.9%10.0%62.4%32.7%35.9%-1.8%0.6%97.3M-5.17B-14.8M0.405.88N/AN/A149,74359,736859,695648,297