MU Options History — January 2025

In January 2025, MU traded between $87.27 and $109.84. ATM implied volatility averaged 43.8%, placing in the 33.9% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 37.6% (HV 20d: 81.4%). Max pain ranged from $90.00 to $100.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.58.

Notable Days

2025-01-07: Highest Volume — 658,151 contracts
2025-01-27: Largest IV spike — 30.9% change
2025-01-29: Highest IV Rank — 52.8%
2025-01-27: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$97.99	$87.27	$109.84	$87.27	$91.33
Max Pain	$95.60	$90.00	$100.00	$90.00	$96.00
ATM IV	43.8%	37.4%	52.3%	39.7%	49.0%
Expected Move	12.3%	10.3%	15.1%	11.1%	13.7%
HV 20d	81.4%	55.9%	92.3%	83.8%	75.7%
HV 60d	64.9%	59.8%	69.9%	59.8%	69.5%
IV Rank	33.9%	20.4%	52.8%	25.7%	44.1%
IV Percentile	40.4%	14.3%	70.6%	23.0%	63.9%
Term Structure	-0.4%	-1.6%	1.1%	0.3%	-0.2%
VWIV	43.7%	36.4%	53.2%	39.1%	48.9%
Skew 25d	0.0%	-2.5%	2.7%	0.7%	0.9%
Skew 10d	0.2%	-5.6%	5.7%	0.9%	2.7%
Call IV 25d	44.2%	37.4%	52.3%	39.6%	49.1%
Put IV 25d	44.2%	37.9%	53.9%	40.4%	50.0%
Bid-Ask Spread %	4.31	1.56	14.74	1.91	2.49
Gamma HHI	0.09	0.04	0.38	0.05	0.05
Net GEX	34.4M	-28.8M	163.0M	-193.7K	-7.9M
Net DEX	-930.4M	-3.04B	1.30B	776.9M	486.2M
Net VEX	-21.7M	-22.9M	-18.9M	-18.9M	-22.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.37	0.82	0.82	0.58
Total Volume	259,760.35	112,481	658,151	198,978	206,446
Total OI	1,744,419.85	1,409,007	1,981,870	1,832,230	1,761,378

Daily Data (20 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
2025-01-02	$87.27	$90.00	39.7%	11.1%	83.8%	25.7%	39.1%	0.7%	0.3%	-193.7K	776.9M	-18.9M	0.82	1.91	N/A	N/A	109,114	89,864	1,022,003	810,227
2025-01-03	$90.12	$90.00	37.4%	10.3%	83.7%	20.4%	36.4%	0.5%	0.1%	94.6M	43.9M	-19.6M	0.50	1.91	N/A	N/A	126,581	63,485	1,032,179	828,669
2025-01-06	$99.81	$90.00	42.9%	11.9%	91.8%	33.1%	42.4%	-1.5%	-0.6%	38.6M	-1.86B	-21.5M	0.47	8.40	N/A	N/A	366,475	172,087	943,279	815,506
2025-01-07	$101.80	$95.00	45.9%	12.6%	92.1%	39.8%	45.2%	-2.5%	-1.0%	59.1M	-2.39B	-22.7M	0.41	14.74	N/A	N/A	466,424	191,727	1,001,430	854,581
2025-01-08	$99.61	$95.00	43.4%	12.2%	92.3%	34.2%	43.4%	-1.2%	-0.5%	40.0M	-1.65B	-22.7M	0.69	14.56	N/A	N/A	159,937	110,998	1,060,337	878,177
2025-01-10	$99.21	$95.00	44.2%	12.3%	90.9%	36.0%	44.0%	-0.7%	-0.3%	37.4M	-1.50B	-22.4M	0.48	13.34	N/A	N/A	145,286	69,590	1,085,436	896,434
2025-01-13	$94.84	$95.00	44.6%	12.4%	90.6%	37.0%	44.2%	0.1%	-1.0%	-6.2M	-304.4M	-21.1M	0.59	1.62	N/A	N/A	122,614	72,638	986,759	852,537
2025-01-14	$96.72	$95.00	43.3%	12.1%	89.9%	34.0%	42.8%	0.5%	-1.1%	8.3M	-770.2M	-21.4M	0.55	1.72	N/A	N/A	72,778	39,703	1,002,921	871,422
2025-01-15	$103.48	$95.00	43.2%	11.9%	92.3%	33.7%	42.0%	-0.4%	-1.6%	71.9M	-2.54B	-22.1M	0.43	1.71	N/A	N/A	205,983	89,581	1,018,523	888,133
2025-01-16	$103.18	$95.00	40.5%	11.4%	88.9%	25.4%	40.1%	0.3%	-1.1%	76.1M	-2.37B	-22.2M	0.68	1.79	N/A	N/A	105,411	71,690	1,043,736	912,084
2025-01-17	$105.43	$95.00	39.9%	11.2%	89.3%	24.0%	40.1%	-0.1%	-1.1%	163.0M	-3.04B	-22.1M	0.75	1.89	N/A	N/A	110,614	83,182	1,046,742	919,468
2025-01-21	$109.84	$95.00	40.5%	11.5%	89.1%	25.3%	40.9%	-0.7%	0.5%	70.2M	-2.61B	-22.1M	0.53	1.74	N/A	N/A	158,830	83,570	737,526	671,481
2025-01-22	$109.32	$100.00	40.1%	11.5%	55.9%	24.5%	40.8%	-1.0%	0.9%	66.9M	-2.49B	-22.4M	0.37	1.78	N/A	N/A	165,984	60,720	765,555	704,076
2025-01-23	$104.50	$100.00	39.6%	11.3%	58.6%	23.4%	40.1%	-0.4%	1.1%	28.9M	-1.21B	-22.3M	0.76	1.56	N/A	N/A	123,824	94,358	786,169	727,006
2025-01-24	$103.06	$100.00	39.5%	11.2%	59.1%	22.9%	40.2%	-0.3%	0.9%	12.8M	-929.2M	-22.1M	0.75	1.66	N/A	N/A	92,218	69,593	805,538	737,735
2025-01-27	$90.50	$100.00	51.6%	15.1%	76.4%	51.1%	52.1%	2.7%	-0.5%	-23.6M	1.09B	-19.9M	0.81	2.56	N/A	N/A	240,698	195,876	729,531	707,508
2025-01-28	$88.73	$99.00	48.9%	14.0%	76.4%	44.8%	50.1%	1.4%	-0.6%	-28.8M	1.30B	-20.3M	0.42	2.48	N/A	N/A	174,415	72,733	796,509	774,015
2025-01-29	$88.94	$97.00	52.3%	15.0%	76.1%	52.8%	53.2%	1.6%	-0.6%	-17.3M	1.02B	-22.0M	0.54	4.24	N/A	N/A	110,935	60,420	882,293	796,428
2025-01-30	$92.20	$95.00	49.6%	13.8%	75.9%	45.8%	48.9%	0.2%	-1.1%	3.6M	344.0M	-22.9M	0.49	4.00	N/A	N/A	160,776	78,049	915,033	820,033
2025-01-31	$91.33	$96.00	49.0%	13.7%	75.7%	44.1%	48.9%	0.9%	-0.2%	-7.9M	486.2M	-22.5M	0.58	2.49	N/A	N/A	130,265	76,181	934,154	827,224