MU Options History — May 2024

In May 2024, MU traded between $111.08 and $132.18. ATM implied volatility averaged 42.0%, placing in the 49.7% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 4.2% (HV 20d: 37.8%). Max pain ranged from $90.00 to $100.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2024-05-23: Highest Volume — 163,487 contracts
  • 2024-05-28: Largest IV spike — 18.6% change
  • 2024-05-30: Highest IV Rank — 90.0%
  • 2024-05-20: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$123.37$111.08$132.18$111.08$123.32
Max Pain$92.84$90.00$100.00$100.00$95.00
ATM IV42.0%37.8%54.1%40.6%53.5%
Expected Move11.6%11.0%12.1%11.6%11.4%
HV 20d37.8%30.4%45.8%41.0%36.5%
HV 60d49.8%47.7%51.6%51.3%48.8%
IV Rank49.7%35.4%90.0%45.1%87.9%
IV Percentile77.2%63.5%98.4%76.6%97.6%
Term Structure1.8%-5.0%10.0%-0.6%-5.0%
VWIV40.8%38.4%42.9%40.9%39.7%
Skew 25d-0.1%-0.8%0.8%0.8%0.8%
Skew 10d0.4%-1.3%2.5%1.9%2.3%
Call IV 25d42.4%38.1%55.2%40.4%54.6%
Put IV 25d42.3%37.8%55.3%41.2%55.3%
Bid-Ask Spread %4.542.7011.143.652.97
Gamma HHI0.090.060.150.060.09
Net GEX68.8M15.8M109.1M34.5M15.8M
Net DEX-3.97B-5.10B-2.48B-2.48B-3.20B
Net VEX-15.0M-15.4M-14.6M-15.3M-15.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.430.720.640.52
Total Volume101,613.557,868163,48794,087151,801
Total OI1,185,798.2731,081,8491,253,4381,203,9611,191,355

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$111.08$100.0040.6%11.6%41.0%45.1%40.9%0.8%-0.6%34.5M-2.48B-15.3M0.643.65N/AN/A57,29636,791652,006551,955
2024-05-02$111.81$100.0039.9%11.5%40.7%42.5%40.4%0.7%0.0%37.9M-2.62B-15.2M0.723.15N/AN/A42,61930,508658,810552,518
2024-05-03$114.53$100.0038.9%11.0%42.0%39.1%38.4%0.6%-0.3%57.8M-3.09B-15.4M0.463.04N/AN/A71,46532,696670,643559,830
2024-05-06$120.10$90.0039.4%11.7%45.8%41.0%41.4%0.1%-0.3%69.1M-3.89B-14.9M0.484.41N/AN/A106,76051,674622,835533,048
2024-05-07$119.45$90.0038.4%11.5%45.8%37.7%40.6%0.0%-0.1%70.0M-3.78B-15.0M0.663.29N/AN/A47,71931,321643,246549,558
2024-05-08$119.17$90.0038.2%11.5%45.8%37.0%40.2%0.1%-0.3%67.9M-3.70B-15.2M0.698.66N/AN/A37,34525,689644,654557,290
2024-05-09$117.53$90.0038.1%11.5%43.2%36.6%40.4%-0.5%-0.2%60.5M-3.42B-15.1M0.543.30N/AN/A40,06821,481652,994562,692
2024-05-10$120.97$90.0038.4%11.5%43.0%37.5%40.6%-0.5%-0.3%94.3M-4.17B-14.6M0.525.65N/AN/A81,68542,161660,288567,266
2024-05-13$122.97$90.0038.4%11.6%43.1%37.7%40.7%0.1%2.1%81.2M-4.31B-14.9M0.4811.14N/AN/A67,14332,040644,862545,325
2024-05-14$124.36$90.0038.1%11.5%43.2%36.6%41.4%-0.3%2.4%88.7M-4.53B-14.8M0.562.77N/AN/A37,09820,770653,595553,238
2024-05-15$127.73$90.0037.8%11.5%40.6%35.4%40.5%-0.3%2.3%100.6M-5.10B-14.7M0.442.70N/AN/A84,56936,939656,672557,845
2024-05-16$127.91$90.0038.7%11.6%37.8%38.5%40.9%-0.6%2.0%109.1M-5.10B-14.7M0.502.94N/AN/A70,39735,429668,281567,553
2024-05-17$125.39$90.0039.1%11.6%30.4%40.1%41.0%-0.8%1.9%86.1M-4.57B-14.7M0.533.09N/AN/A74,76439,679675,240578,198
2024-05-20$129.33$92.5041.7%12.1%30.7%48.6%42.9%-0.8%7.4%64.4M-4.30B-14.8M0.438.45N/AN/A90,27339,078570,747511,102
2024-05-21$127.19$92.5040.8%11.8%30.8%45.7%41.8%-0.6%7.7%62.6M-4.01B-15.0M0.603.11N/AN/A56,92134,241593,025525,777
2024-05-22$126.00$92.5041.9%12.0%30.9%49.3%42.7%-0.6%8.1%59.3M-3.84B-15.3M0.646.38N/AN/A36,68123,620610,554539,774
2024-05-23$125.88$92.5041.9%11.5%31.0%49.4%40.8%0.3%9.0%58.0M-3.78B-15.3M0.574.83N/AN/A104,41259,075621,847548,619
2024-05-24$129.13$92.5042.7%11.2%31.2%51.9%39.6%0.2%10.0%81.8M-4.35B-15.2M0.512.81N/AN/A74,09737,676625,520556,422
2024-05-28$132.18$95.0050.6%11.8%31.5%78.4%41.9%-0.3%-1.6%76.9M-4.69B-14.8M0.513.92N/AN/A73,40637,352597,400528,603
2024-05-29$132.01$95.0053.1%11.2%31.4%86.7%39.8%-0.2%-2.9%84.0M-4.70B-15.0M0.555.36N/AN/A44,63824,391614,898539,406
2024-05-30$126.13$95.0054.1%11.5%35.0%90.0%40.7%-0.2%-3.1%53.0M-3.70B-15.3M0.574.19N/AN/A58,52833,201624,992547,079
2024-05-31$123.32$95.0053.5%11.4%36.5%87.9%39.7%0.8%-5.0%15.8M-3.20B-15.2M0.522.97N/AN/A100,18951,612635,953555,402