MU Options History — May 2025

In May 2025, MU traded between $78.39 and $98.30. ATM implied volatility averaged 51.8%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 5.7% (HV 20d: 57.5%). Max pain ranged from $80.00 to $90.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.77.

Notable Days

  • 2025-05-12: Highest Volume — 247,157 contracts
  • 2025-05-27: Largest IV spike — 12.8% change
  • 2025-05-28: Highest IV Rank — 44.5%
  • 2025-05-01: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$91.31$78.39$98.30$78.39$95.11
Max Pain$88.33$80.00$90.00$80.00$90.00
ATM IV51.8%46.4%61.3%53.2%59.4%
Expected Move14.0%12.8%15.6%15.6%12.8%
HV 20d57.5%37.6%121.8%121.8%38.3%
HV 60d84.0%81.7%85.9%85.2%81.7%
IV Rank27.5%17.8%44.5%30.1%41.3%
IV Percentile55.6%41.7%79.0%58.7%73.4%
Term Structure1.7%-3.0%11.8%-0.7%-2.7%
VWIV49.5%44.9%54.9%54.9%44.9%
Skew 25d3.2%0.6%5.5%5.5%3.1%
Skew 10d6.8%2.3%9.9%9.9%7.3%
Call IV 25d50.5%45.3%60.4%50.5%58.8%
Put IV 25d53.8%47.5%64.1%56.1%61.9%
Bid-Ask Spread %5.452.0520.582.222.75
Gamma HHI0.060.040.110.040.05
Net GEX24.3M-1.0M47.3M6.8M23.8M
Net DEX-1.46B-3.19B456.9M456.9M-1.49B
Net VEX-24.8M-25.6M-23.4M-23.4M-24.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.411.350.500.88
Total Volume120,025.04855,368247,15796,392118,310
Total OI1,925,428.4291,743,1892,091,5492,069,2261,845,078

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$78.39$80.0053.2%15.6%121.8%30.1%54.9%5.5%-0.7%6.8M456.9M-23.4M0.502.22N/AN/A64,42131,9711,089,455979,771
2025-05-02$80.86$80.0051.6%15.0%105.5%27.1%52.5%4.8%-0.3%29.1M-189.2M-24.1M0.532.05N/AN/A108,94157,2281,105,220986,329
2025-05-05$80.58$87.5052.2%14.7%94.2%28.3%51.1%4.7%-1.0%7.2M248.9M-23.8M0.692.51N/AN/A37,39125,9281,034,820933,429
2025-05-06$81.18$87.5053.1%15.0%94.2%29.8%54.2%4.8%-0.7%10.3M120.7M-24.0M0.742.68N/AN/A39,21528,8561,046,746941,824
2025-05-07$82.74$87.5052.2%14.7%91.3%28.2%52.0%4.9%-0.5%15.4M-177.0M-24.2M0.617.35N/AN/A68,89042,2131,047,343949,391
2025-05-08$85.71$87.5050.2%14.4%63.5%24.7%50.3%3.9%-0.6%29.5M-828.4M-24.7M0.503.14N/AN/A91,57346,2321,052,834956,066
2025-05-09$85.76$87.5049.7%14.3%41.9%23.7%50.8%4.2%-0.7%24.0M-828.2M-24.7M0.412.50N/AN/A71,15629,0661,061,831968,180
2025-05-12$92.05$87.5046.4%13.3%46.9%17.8%48.2%2.7%0.1%35.8M-2.08B-24.9M0.802.40N/AN/A137,560109,5971,036,496934,482
2025-05-13$96.94$90.0048.5%13.7%48.6%21.6%49.0%1.5%-0.6%47.3M-3.06B-25.4M0.485.83N/AN/A161,85777,8661,042,876963,473
2025-05-14$95.19$90.0047.9%13.7%49.2%20.4%48.5%0.6%-0.0%37.7M-2.64B-25.6M0.617.37N/AN/A92,26256,5921,063,363988,904
2025-05-15$95.14$90.0047.9%13.6%46.5%20.6%48.5%1.6%-0.5%30.6M-2.52B-25.4M1.354.15N/AN/A54,60473,5681,046,948993,075
2025-05-16$97.84$90.0046.5%13.4%46.3%18.0%47.3%0.9%0.4%36.3M-3.19B-25.4M0.744.47N/AN/A89,18966,2761,056,1581,003,054
2025-05-19$98.30$90.0048.1%13.8%42.4%20.9%48.9%1.3%10.5%35.1M-2.32B-25.4M0.853.45N/AN/A43,38036,961856,112887,077
2025-05-20$97.72$90.0047.0%13.5%41.5%18.9%48.3%2.1%8.7%34.5M-2.20B-25.3M1.216.31N/AN/A27,71433,413867,911897,601
2025-05-21$96.33$90.0049.1%14.1%41.9%22.7%49.6%3.3%10.1%23.8M-1.88B-25.3M0.8920.58N/AN/A44,72839,755875,087911,697
2025-05-22$95.28$90.0049.8%13.7%39.2%23.9%48.0%3.8%11.4%14.9M-1.61B-25.2M1.025.06N/AN/A27,40927,959877,018923,224
2025-05-23$93.58$90.0053.1%14.0%39.7%29.8%49.3%3.8%11.8%-1.0M-1.21B-25.0M1.045.82N/AN/A62,49964,755880,845932,734
2025-05-27$95.88$90.0059.8%13.7%39.4%42.0%48.6%3.7%-3.0%20.1M-1.69B-24.6M0.4410.64N/AN/A106,11446,429855,224912,653
2025-05-28$96.48$90.0061.3%13.6%37.8%44.5%48.3%3.7%-2.5%25.4M-1.85B-24.8M1.265.20N/AN/A34,99844,122884,774924,974
2025-05-29$96.37$90.0061.0%13.4%37.6%44.0%46.4%3.2%-2.8%22.9M-1.79B-24.8M0.707.93N/AN/A58,49941,029886,918933,002
2025-05-30$95.11$90.0059.4%12.8%38.3%41.3%44.9%3.1%-2.7%23.8M-1.49B-24.3M0.882.75N/AN/A62,86055,450894,097950,981