MU Options History — March 2025

In March 2025, MU traded between $86.65 and $103.48. ATM implied volatility averaged 60.0%, placing in the 62.9% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded below realized volatility by 5.7% (HV 20d: 65.8%). Max pain ranged from $95.00 to $100.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.56.

Notable Days

2025-03-20: Highest Volume — 840,329 contracts
2025-03-21: Largest IV drop — 24.1% change
2025-03-10: Highest IV Rank — 100.0%
2025-03-10: Largest Expected Move — 29.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$94.28	$86.65	$103.48	$89.80	$87.03
Max Pain	$99.10	$95.00	$100.00	$100.00	$95.00
ATM IV	60.0%	41.8%	76.5%	69.8%	49.3%
Expected Move	19.9%	12.2%	29.7%	23.0%	14.0%
HV 20d	65.8%	58.6%	71.3%	58.6%	64.8%
HV 60d	70.5%	63.0%	75.2%	72.2%	65.7%
IV Rank	62.9%	18.3%	100.0%	93.8%	32.0%
IV Percentile	75.7%	24.6%	100.0%	97.6%	59.5%
Term Structure	-2.0%	-4.2%	1.0%	-2.9%	-0.8%
VWIV	69.0%	42.2%	103.3%	79.2%	47.3%
Skew 25d	3.3%	2.3%	5.6%	3.2%	4.5%
Skew 10d	7.0%	4.2%	10.0%	7.3%	8.5%
Call IV 25d	58.7%	40.8%	72.1%	67.5%	47.2%
Put IV 25d	62.0%	43.1%	77.7%	70.7%	51.7%
Bid-Ask Spread %	4.41	1.55	19.05	2.95	1.79
Gamma HHI	0.06	0.05	0.09	0.06	0.07
Net GEX	10.2M	-41.6M	72.5M	-21.5M	-34.6M
Net DEX	-147.0M	-2.13B	1.32B	857.9M	1.30B
Net VEX	-23.5M	-25.9M	-21.6M	-21.8M	-21.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.23	0.98	0.98	0.60
Total Volume	229,616.762	113,462	840,329	130,363	189,291
Total OI	1,874,128.238	1,557,593	2,276,567	1,557,593	1,838,923

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
2025-03-03	$89.80	$100.00	69.8%	23.0%	58.6%	93.8%	79.2%	3.2%	-2.9%	-21.5M	857.9M	-21.8M	0.98	2.95	N/A	N/A	65,744	64,619	787,269	770,324
2025-03-04	$91.59	$100.00	68.2%	23.0%	58.7%	89.5%	79.5%	2.7%	-3.5%	-16.9M	584.2M	-22.4M	0.35	3.92	N/A	N/A	263,596	91,263	805,371	799,190
2025-03-05	$94.33	$100.00	67.0%	23.3%	59.5%	86.5%	80.7%	2.6%	-1.8%	11.0M	-98.5M	-23.4M	0.73	1.98	N/A	N/A	67,460	49,321	982,160	797,285
2025-03-06	$89.25	$100.00	71.8%	24.9%	62.2%	99.0%	86.1%	3.4%	-3.2%	-11.6M	814.5M	-22.4M	0.44	1.55	N/A	N/A	78,990	34,472	989,721	810,640
2025-03-07	$92.01	$100.00	68.2%	24.4%	63.0%	89.6%	84.7%	2.8%	-3.9%	6.3M	353.2M	-22.9M	0.60	1.66	N/A	N/A	90,331	54,375	1,009,161	814,168
2025-03-10	$86.65	$100.00	76.5%	29.7%	65.9%	100.0%	103.3%	5.6%	-3.3%	-12.9M	985.3M	-21.6M	0.51	2.95	N/A	N/A	187,014	95,648	962,965	765,631
2025-03-11	$89.31	$98.00	72.6%	28.7%	65.2%	90.9%	99.8%	4.5%	-3.1%	902.6K	475.4M	-23.5M	0.61	1.98	N/A	N/A	77,029	47,186	1,071,096	817,361
2025-03-12	$95.96	$96.00	70.6%	28.9%	70.1%	86.1%	100.0%	3.8%	-2.9%	34.5M	-809.0M	-25.2M	0.61	1.84	N/A	N/A	129,423	79,531	1,075,805	826,146
2025-03-13	$94.48	$96.00	69.3%	29.3%	69.6%	83.0%	101.9%	3.6%	-3.7%	20.2M	-398.0M	-24.8M	0.74	1.96	N/A	N/A	79,874	59,453	1,088,640	847,763
2025-03-14	$100.62	$96.00	65.3%	29.2%	71.3%	73.7%	101.5%	3.9%	-2.5%	72.5M	-1.77B	-25.9M	0.59	1.85	N/A	N/A	123,473	73,035	1,102,199	864,372
2025-03-17	$103.48	$100.00	64.3%	16.2%	70.7%	71.5%	56.5%	3.1%	-2.6%	62.7M	-2.13B	-25.6M	0.48	7.34	N/A	N/A	104,884	49,869	1,061,376	837,754
2025-03-18	$101.75	$100.00	65.0%	16.6%	65.1%	73.0%	58.4%	3.1%	-3.3%	54.5M	-1.77B	-25.4M	0.23	19.05	N/A	N/A	153,538	35,782	1,080,241	851,584
2025-03-19	$102.94	$100.00	60.4%	15.4%	64.3%	62.3%	53.2%	2.8%	-3.3%	68.4M	-2.01B	-25.5M	0.60	6.74	N/A	N/A	71,357	42,635	1,178,707	863,652
2025-03-20	$103.28	$100.00	58.7%	15.0%	64.2%	58.3%	52.6%	3.0%	-4.2%	70.8M	-2.06B	-25.1M	0.23	18.50	N/A	N/A	684,549	155,780	1,197,873	878,573
2025-03-21	$94.59	$100.00	44.6%	12.8%	70.1%	25.0%	45.0%	2.8%	-0.1%	-34.3M	457.3M	-22.5M	0.74	6.48	N/A	N/A	368,640	272,915	1,330,174	946,393
2025-03-24	$96.97	$100.00	42.0%	12.3%	70.0%	19.0%	42.8%	2.4%	0.6%	19.9M	-453.1M	-23.1M	0.36	2.09	N/A	N/A	158,954	57,658	974,300	794,491
2025-03-25	$94.34	$100.00	41.8%	12.2%	69.9%	18.5%	42.2%	2.3%	1.0%	-91.1K	100.2M	-22.8M	0.48	2.21	N/A	N/A	124,310	59,085	1,000,085	814,999
2025-03-26	$92.07	$100.00	44.2%	12.9%	68.1%	24.1%	44.1%	3.0%	0.3%	-13.9M	533.4M	-22.6M	0.46	1.81	N/A	N/A	129,954	59,811	1,032,279	833,873
2025-03-27	$91.47	$100.00	43.8%	12.8%	64.3%	18.3%	43.9%	2.8%	0.4%	-20.5M	637.9M	-22.7M	0.66	2.09	N/A	N/A	79,830	52,637	1,066,051	848,258
2025-03-28	$87.92	$100.00	47.3%	13.4%	65.7%	27.1%	46.6%	3.7%	0.2%	-41.6M	1.32B	-22.0M	0.76	1.85	N/A	N/A	90,169	68,467	1,086,454	853,386
2025-03-31	$87.03	$95.00	49.3%	14.0%	64.8%	32.0%	47.3%	4.5%	-0.8%	-34.6M	1.30B	-21.7M	0.60	1.79	N/A	N/A	118,445	70,846	1,014,884	824,039