MU Options History — April 2025

In April 2025, MU traded between $63.85 and $88.69. ATM implied volatility averaged 63.6%, placing in the 51.8% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded below realized volatility by 45.0% (HV 20d: 108.6%). Max pain ranged from $80.00 to $95.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.76.

Notable Days

2025-04-03: Highest Volume — 519,920 contracts
2025-04-09: Largest IV drop — 33.1% change
2025-04-07: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 24.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$73.40	$63.85	$88.69	$88.59	$76.65
Max Pain	$84.52	$80.00	$95.00	$95.00	$80.00
ATM IV	63.6%	46.6%	92.1%	47.8%	54.9%
Expected Move	18.1%	13.2%	24.5%	13.5%	16.3%
HV 20d	108.6%	63.7%	122.2%	64.8%	121.4%
HV 60d	81.9%	65.1%	88.4%	65.5%	85.1%
IV Rank	51.8%	25.2%	100.0%	28.1%	33.1%
IV Percentile	80.3%	53.6%	100.0%	57.5%	67.1%
Term Structure	-1.0%	-5.8%	4.2%	-0.4%	-0.7%
VWIV	61.9%	46.6%	80.8%	46.6%	57.7%
Skew 25d	11.2%	4.3%	23.0%	4.7%	6.1%
Skew 10d	20.6%	8.5%	43.3%	9.2%	11.2%
Call IV 25d	58.3%	44.7%	80.1%	45.6%	52.3%
Put IV 25d	69.5%	48.9%	103.1%	50.3%	58.4%
Bid-Ask Spread %	2.48	-2.85	6.83	1.82	2.44
Gamma HHI	0.07	0.04	0.21	0.06	0.04
Net GEX	-12.8M	-46.8M	56.5M	-17.7M	-2.4M
Net DEX	1.64B	-258.5M	2.97B	844.2M	819.7M
Net VEX	-20.5M	-24.1M	-16.1M	-22.6M	-22.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.38	1.36	0.38	0.71
Total Volume	223,504.095	77,135	519,920	116,682	77,135
Total OI	2,116,764	1,899,955	2,370,780	1,899,955	2,049,208

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
2025-04-01	$88.59	$95.00	47.8%	13.5%	64.8%	28.1%	46.6%	4.7%	-0.4%	-17.7M	844.2M	-22.6M	0.38	1.82	N/A	N/A	84,453	32,229	1,068,274	831,681
2025-04-02	$88.69	$95.00	46.6%	13.2%	63.7%	25.2%	46.8%	4.3%	-0.6%	-14.7M	805.3M	-22.5M	0.72	1.79	N/A	N/A	57,487	41,136	1,089,758	841,062
2025-04-03	$74.72	$95.00	60.7%	16.7%	85.8%	60.6%	54.9%	8.1%	-1.7%	-46.8M	2.97B	-17.8M	1.26	2.19	N/A	N/A	230,040	289,880	1,102,725	858,457
2025-04-04	$66.03	$90.00	71.3%	20.0%	93.5%	87.0%	63.0%	19.9%	4.2%	-28.3M	2.90B	-16.1M	1.09	-2.85	N/A	N/A	248,071	271,285	1,194,866	870,393
2025-04-07	$67.33	$85.00	87.7%	23.9%	92.9%	100.0%	78.0%	21.2%	-2.4%	-21.7M	2.58B	-17.3M	0.55	3.58	N/A	N/A	171,469	94,596	1,188,310	869,530
2025-04-08	$63.85	$85.00	92.1%	24.5%	92.5%	100.0%	80.8%	23.0%	-5.8%	-18.4M	2.74B	-16.6M	0.70	3.49	N/A	N/A	138,336	97,182	1,239,368	896,600
2025-04-09	$77.28	$85.00	61.6%	17.6%	114.6%	45.1%	62.6%	11.6%	-0.1%	-12.6M	1.22B	-22.0M	0.68	3.62	N/A	N/A	202,272	137,253	1,274,305	929,168
2025-04-10	$68.33	$85.00	81.0%	21.9%	121.4%	80.1%	73.2%	20.7%	-5.6%	-20.2M	2.41B	-19.1M	0.72	6.83	N/A	N/A	154,449	111,006	1,307,631	952,980
2025-04-11	$69.64	$85.00	70.2%	19.7%	118.6%	60.6%	69.9%	17.2%	-1.9%	-44.4M	2.24B	-19.5M	1.04	2.57	N/A	N/A	107,435	111,756	1,347,425	971,068
2025-04-14	$71.44	$85.00	67.8%	19.3%	118.4%	56.3%	62.1%	14.0%	-2.9%	-16.1M	1.94B	-20.2M	1.08	2.49	N/A	N/A	140,247	151,091	1,295,458	926,059
2025-04-15	$70.68	$85.00	62.3%	17.8%	118.5%	46.3%	60.7%	11.4%	-1.4%	-21.1M	2.11B	-20.1M	0.59	2.90	N/A	N/A	101,274	59,314	1,334,433	1,005,350
2025-04-16	$68.50	$85.00	63.5%	18.2%	118.0%	48.5%	61.8%	11.8%	-0.1%	-28.2M	2.38B	-19.5M	1.07	2.73	N/A	N/A	119,480	127,931	1,347,800	1,014,859
2025-04-17	$68.60	$80.00	59.1%	16.9%	118.0%	40.6%	58.4%	10.2%	0.0%	-31.3M	2.22B	-19.4M	0.54	1.74	N/A	N/A	124,156	66,907	1,366,329	1,004,451
2025-04-21	$66.27	$80.00	66.1%	19.5%	115.4%	53.3%	69.8%	10.5%	-0.6%	-25.2M	2.20B	-18.4M	1.04	1.95	N/A	N/A	67,827	70,637	1,007,915	934,806
2025-04-22	$69.84	$80.00	62.2%	18.3%	117.2%	46.3%	62.3%	8.9%	0.1%	-14.0M	1.70B	-20.3M	0.42	2.19	N/A	N/A	103,965	43,645	1,038,622	957,809
2025-04-23	$72.72	$80.00	60.0%	17.7%	118.8%	42.3%	62.1%	8.5%	0.5%	2.1M	1.18B	-21.5M	0.51	2.28	N/A	N/A	130,066	66,499	1,071,632	969,450
2025-04-24	$77.16	$80.00	56.8%	16.7%	121.4%	36.4%	59.7%	6.1%	0.6%	24.8M	317.6M	-23.7M	0.38	2.45	N/A	N/A	153,162	58,116	1,125,137	1,003,855
2025-04-25	$79.50	$80.00	54.9%	15.9%	122.2%	33.0%	56.3%	5.3%	0.6%	56.5M	-258.5M	-24.1M	0.42	2.68	N/A	N/A	175,610	74,573	1,140,159	1,004,307
2025-04-28	$78.62	$80.00	54.9%	16.1%	121.6%	33.1%	58.2%	5.8%	-0.9%	10.4M	340.3M	-23.6M	1.36	2.41	N/A	N/A	49,438	67,113	1,068,358	925,414
2025-04-29	$77.03	$80.00	54.3%	16.0%	121.7%	32.0%	55.9%	5.8%	-0.8%	1.2M	721.6M	-23.0M	0.67	2.76	N/A	N/A	51,013	34,052	1,072,924	954,108
2025-04-30	$76.65	$80.00	54.9%	16.3%	121.4%	33.1%	57.7%	6.1%	-0.7%	-2.4M	819.7M	-22.9M	0.71	2.44	N/A	N/A	45,017	32,118	1,080,256	968,952