MU Options History — December 2024

In December 2024, MU traded between $84.33 and $109.00. ATM implied volatility averaged 52.4%, placing in the 56.1% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded below realized volatility by 7.1% (HV 20d: 59.5%). Max pain ranged from $92.50 to $100.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.46.

Notable Days

2024-12-19: Highest Volume — 1,008,264 contracts
2024-12-19: Largest IV drop — 36.5% change
2024-12-18: Highest IV Rank — 98.7%
2024-12-18: Largest Expected Move — 20.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$96.80	$84.33	$109.00	$99.09	$84.33
Max Pain	$98.57	$92.50	$100.00	$100.00	$92.50
ATM IV	52.4%	36.5%	71.6%	54.1%	38.9%
Expected Move	15.2%	10.4%	20.5%	18.5%	10.9%
HV 20d	59.5%	40.0%	84.2%	47.3%	82.6%
HV 60d	56.1%	51.9%	67.4%	53.3%	59.3%
IV Rank	56.1%	20.8%	98.7%	59.9%	26.0%
IV Percentile	64.6%	15.1%	99.2%	79.8%	20.6%
Term Structure	-1.3%	-4.4%	2.1%	-1.9%	0.6%
VWIV	53.8%	37.2%	73.2%	64.5%	37.8%
Skew 25d	-1.2%	-5.7%	1.7%	-0.9%	1.0%
Skew 10d	-1.9%	-10.7%	4.0%	-1.3%	2.2%
Call IV 25d	53.2%	36.8%	74.0%	53.7%	38.9%
Put IV 25d	52.0%	36.6%	68.7%	52.7%	40.0%
Bid-Ask Spread %	3.73	1.69	19.16	2.06	2.02
Gamma HHI	0.07	0.04	0.35	0.04	0.07
Net GEX	2.1M	-86.9M	57.7M	6.5M	-33.8M
Net DEX	-53.5M	-2.72B	3.07B	-237.8M	1.54B
Net VEX	-20.5M	-23.5M	-16.8M	-20.8M	-18.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.27	0.94	0.40	0.37
Total Volume	258,916.571	100,423	1,008,264	109,867	141,168
Total OI	1,839,833.238	1,630,020	2,280,435	1,630,020	1,802,358

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-12-02	$99.09	$100.00	54.1%	18.5%	47.3%	59.9%	64.5%	-0.9%	-1.9%	6.5M	-237.8M	-20.8M	0.40	2.06	N/A	N/A	78,371	31,496	844,553	785,467
2024-12-03	$99.77	$100.00	54.7%	19.1%	46.7%	61.2%	66.9%	-1.1%	-2.0%	15.3M	-401.7M	-20.9M	0.36	1.69	N/A	N/A	123,571	44,232	866,463	796,859
2024-12-04	$103.16	$100.00	54.6%	19.4%	47.1%	61.0%	68.1%	-1.0%	0.1%	40.8M	-1.17B	-21.6M	0.43	1.89	N/A	N/A	77,701	33,286	890,428	807,835
2024-12-05	$100.65	$100.00	55.8%	15.1%	40.1%	63.7%	53.5%	-1.2%	-2.0%	23.3M	-573.0M	-21.1M	0.43	4.33	N/A	N/A	85,963	37,117	900,510	814,750
2024-12-06	$101.25	$100.00	55.5%	15.0%	40.0%	63.0%	53.6%	-1.7%	-2.6%	12.9M	-730.8M	-21.2M	0.54	2.48	N/A	N/A	85,184	46,285	907,019	827,936
2024-12-09	$102.13	$100.00	57.4%	15.5%	40.1%	67.1%	55.2%	-2.0%	-2.3%	15.7M	-765.7M	-21.0M	0.39	4.40	N/A	N/A	92,619	35,964	864,351	803,566
2024-12-10	$97.70	$100.00	61.0%	16.6%	41.5%	75.1%	58.6%	-1.9%	-2.5%	-8.4M	79.2M	-20.6M	0.32	4.04	N/A	N/A	151,585	48,611	886,982	817,882
2024-12-11	$102.42	$100.00	59.7%	16.3%	43.5%	72.2%	57.5%	-2.0%	-2.7%	30.3M	-1.15B	-21.6M	0.42	2.21	N/A	N/A	112,930	46,894	945,950	836,020
2024-12-12	$98.38	$100.00	61.0%	16.7%	43.7%	75.1%	59.0%	-1.5%	-3.0%	-3.2M	-109.2M	-21.2M	0.49	4.76	N/A	N/A	102,654	50,703	960,070	858,277
2024-12-13	$101.94	$100.00	62.9%	17.4%	45.2%	79.4%	61.4%	-2.8%	-3.5%	54.7M	-1.13B	-22.0M	0.36	2.58	N/A	N/A	177,074	64,025	988,442	867,866
2024-12-16	$109.00	$100.00	68.0%	19.1%	49.0%	90.6%	67.6%	-4.6%	-4.0%	43.7M	-2.50B	-22.7M	0.27	3.18	N/A	N/A	394,760	105,829	934,035	840,358
2024-12-17	$108.73	$100.00	70.0%	19.9%	48.9%	95.2%	70.4%	-5.7%	-4.4%	57.7M	-2.72B	-23.5M	0.31	8.02	N/A	N/A	235,110	72,382	1,044,432	859,846
2024-12-18	$104.12	$100.00	71.6%	20.5%	51.9%	98.7%	73.2%	-5.3%	-3.9%	37.0M	-1.59B	-23.2M	0.44	19.16	N/A	N/A	416,975	181,795	1,079,716	889,989
2024-12-19	$86.64	$100.00	45.5%	13.1%	84.2%	40.7%	47.0%	1.7%	-0.9%	-74.9M	3.07B	-16.8M	0.94	2.99	N/A	N/A	520,408	487,856	1,228,736	957,134
2024-12-20	$89.79	$97.50	39.9%	11.5%	83.6%	28.4%	41.3%	1.6%	-0.7%	-86.9M	1.38B	-18.8M	0.69	2.90	N/A	N/A	280,164	193,733	1,356,280	924,155
2024-12-23	$89.95	$97.50	39.4%	11.4%	83.6%	27.2%	40.8%	0.8%	1.2%	-16.5M	977.0M	-19.0M	0.42	1.82	N/A	N/A	168,856	70,703	993,050	817,405
2024-12-24	$88.90	$97.50	36.8%	10.5%	82.9%	21.4%	38.5%	0.2%	1.7%	-18.3M	1.18B	-19.1M	0.36	2.19	N/A	N/A	73,630	26,793	1,071,065	842,388
2024-12-26	$90.50	$95.00	36.5%	10.4%	82.6%	20.8%	37.2%	-0.2%	2.1%	11.2M	770.7M	-19.4M	0.47	1.84	N/A	N/A	119,556	55,738	1,097,849	849,081
2024-12-27	$88.67	$95.00	37.8%	10.7%	82.3%	23.6%	38.3%	1.1%	1.9%	-31.4M	1.23B	-19.3M	0.58	1.92	N/A	N/A	99,439	57,934	1,123,648	869,500
2024-12-30	$85.63	$95.00	39.4%	11.1%	82.9%	27.1%	39.1%	1.2%	0.7%	-31.1M	1.72B	-18.0M	0.69	1.91	N/A	N/A	123,477	84,677	957,717	826,530
2024-12-31	$84.33	$92.50	38.9%	10.9%	82.6%	26.0%	37.8%	1.0%	0.6%	-33.8M	1.54B	-18.0M	0.37	2.02	N/A	N/A	103,173	37,995	995,786	806,572