MU Options History — February 2025

In February 2025, MU traded between $89.92 and $107.52. ATM implied volatility averaged 52.4%, placing in the 49.4% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded below realized volatility by 12.5% (HV 20d: 64.9%). Max pain ranged from $95.00 to $100.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.65.

Notable Days

2025-02-18: Highest Volume — 327,891 contracts
2025-02-21: Largest IV spike — 22.4% change
2025-02-27: Highest IV Rank — 83.4%
2025-02-27: Largest Expected Move — 20.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$95.88	$89.92	$107.52	$89.92	$92.72
Max Pain	$99.26	$95.00	$100.00	$96.00	$100.00
ATM IV	52.4%	44.3%	65.8%	50.6%	65.3%
Expected Move	15.9%	12.7%	20.6%	14.3%	20.6%
HV 20d	64.9%	51.8%	75.2%	75.2%	57.5%
HV 60d	69.5%	67.7%	72.0%	69.4%	72.0%
IV Rank	49.4%	27.0%	83.4%	47.8%	82.1%
IV Percentile	67.7%	41.3%	95.6%	66.7%	95.2%
Term Structure	1.6%	-4.1%	7.7%	0.9%	-3.8%
VWIV	55.9%	45.1%	72.0%	51.0%	71.6%
Skew 25d	0.5%	-1.5%	1.7%	0.8%	1.7%
Skew 10d	1.5%	-2.1%	3.7%	2.2%	3.7%
Call IV 25d	52.2%	43.9%	66.0%	50.0%	65.9%
Put IV 25d	52.8%	43.8%	67.6%	50.7%	67.6%
Bid-Ask Spread %	3.25	1.43	11.45	2.39	1.66
Gamma HHI	0.05	0.04	0.10	0.06	0.05
Net GEX	9.3M	-27.5M	72.9M	-12.2M	-21.7M
Net DEX	-278.3M	-2.83B	728.2M	728.2M	507.9M
Net VEX	-22.8M	-23.9M	-21.8M	-22.0M	-22.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.43	0.90	0.90	0.74
Total Volume	160,967.579	98,300	327,891	122,783	127,366
Total OI	1,667,794.053	1,481,006	1,757,249	1,618,614	1,672,553

Daily Data (19 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
2025-02-03	$89.92	$96.00	50.6%	14.3%	75.2%	47.8%	51.0%	0.8%	0.9%	-12.2M	728.2M	-22.0M	0.90	2.39	N/A	N/A	64,766	58,017	860,989	757,625
2025-02-04	$90.78	$95.00	47.8%	13.3%	74.4%	41.0%	47.3%	0.5%	-0.1%	-11.0M	611.1M	-22.1M	0.46	2.57	N/A	N/A	76,503	34,811	880,171	783,323
2025-02-05	$93.06	$95.00	46.6%	12.7%	64.8%	38.2%	45.1%	0.1%	-0.1%	4.8M	167.6M	-22.6M	0.56	2.12	N/A	N/A	76,613	42,762	896,221	795,722
2025-02-06	$94.41	$100.00	46.1%	14.5%	64.5%	35.1%	51.1%	0.7%	-0.4%	17.8M	-112.0M	-22.9M	0.56	4.12	N/A	N/A	106,632	59,669	909,720	810,388
2025-02-07	$92.00	$100.00	46.2%	14.6%	64.7%	34.9%	51.4%	1.6%	0.0%	-5.2M	453.7M	-22.4M	0.77	8.57	N/A	N/A	95,076	73,508	916,058	818,972
2025-02-10	$95.71	$100.00	44.5%	14.4%	66.5%	30.8%	50.9%	0.7%	5.8%	13.6M	-316.5M	-23.0M	0.65	4.02	N/A	N/A	66,807	43,293	868,814	775,092
2025-02-11	$94.06	$100.00	45.4%	14.5%	64.8%	30.0%	51.9%	1.4%	5.3%	3.2M	57.1M	-22.4M	0.69	2.14	N/A	N/A	61,303	42,482	881,623	778,545
2025-02-12	$91.52	$100.00	44.3%	14.5%	65.1%	27.0%	50.9%	0.1%	6.2%	-22.9M	656.7M	-21.8M	0.77	1.68	N/A	N/A	88,872	68,602	891,696	797,934
2025-02-13	$95.86	$100.00	44.9%	14.4%	62.4%	28.5%	51.1%	0.1%	6.6%	20.6M	-448.3M	-22.8M	0.62	2.36	N/A	N/A	81,990	51,022	917,458	816,386
2025-02-14	$99.53	$100.00	45.6%	14.2%	64.1%	30.4%	50.5%	-0.1%	6.3%	70.9M	-1.39B	-23.4M	0.48	11.45	N/A	N/A	186,708	89,110	926,771	823,586
2025-02-18	$107.52	$100.00	53.0%	15.4%	69.6%	49.9%	54.2%	-1.5%	4.4%	72.9M	-2.83B	-23.9M	0.43	5.47	N/A	N/A	229,513	98,378	874,507	777,557
2025-02-19	$104.12	$100.00	48.4%	13.9%	68.9%	37.7%	49.1%	-0.2%	6.8%	51.8M	-1.90B	-23.4M	0.64	2.31	N/A	N/A	107,157	68,582	899,034	812,624
2025-02-20	$102.95	$100.00	50.0%	13.9%	68.9%	42.1%	49.0%	-0.4%	7.7%	37.3M	-1.59B	-23.4M	0.57	1.97	N/A	N/A	62,690	35,610	915,570	833,811
2025-02-21	$98.85	$100.00	61.2%	17.8%	68.6%	71.4%	62.5%	0.4%	-2.0%	-4.1M	-488.1M	-22.9M	0.79	2.42	N/A	N/A	103,989	82,460	917,651	839,598
2025-02-24	$96.00	$100.00	61.4%	18.6%	69.1%	71.9%	64.8%	0.2%	-2.7%	-7.8M	-50.1M	-22.4M	0.70	1.53	N/A	N/A	81,899	57,350	758,257	722,749
2025-02-25	$93.19	$100.00	63.7%	19.5%	51.8%	77.9%	67.9%	1.5%	-3.2%	-17.1M	435.6M	-22.2M	0.65	1.43	N/A	N/A	83,314	53,949	786,227	748,492
2025-02-26	$97.76	$100.00	64.4%	20.0%	53.7%	79.5%	69.8%	0.9%	-3.7%	13.5M	-487.3M	-23.5M	0.51	1.88	N/A	N/A	145,968	73,997	817,153	767,781
2025-02-27	$91.81	$100.00	65.8%	20.6%	58.8%	83.4%	72.0%	1.4%	-4.1%	-27.5M	707.8M	-22.4M	0.81	1.65	N/A	N/A	98,159	79,457	845,959	791,470
2025-02-28	$92.72	$100.00	65.3%	20.6%	57.5%	82.1%	71.6%	1.7%	-3.8%	-21.7M	507.9M	-22.8M	0.74	1.66	N/A	N/A	73,035	54,331	859,309	813,244