MU Options History — July 2025

In July 2025, MU traded between $108.85 and $124.22. ATM implied volatility averaged 40.2%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 6.5% (HV 20d: 33.7%). Max pain ranged from $100.00 to $110.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.58.

Notable Days

2025-07-17: Highest Volume — 247,457 contracts
2025-07-07: Largest IV spike — 7.2% change
2025-07-31: Highest IV Rank — 13.9%
2025-07-31: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$116.37	$108.85	$124.22	$120.85	$108.85
Max Pain	$105.86	$100.00	$110.00	$100.00	$110.00
ATM IV	40.2%	37.8%	44.2%	39.2%	44.2%
Expected Move	11.6%	10.7%	12.7%	10.9%	12.7%
HV 20d	33.7%	29.5%	37.9%	31.5%	37.6%
HV 60d	42.2%	35.7%	66.3%	66.3%	37.2%
IV Rank	6.6%	2.3%	13.9%	4.8%	13.9%
IV Percentile	8.9%	1.6%	24.6%	3.2%	24.6%
Term Structure	0.0%	-1.3%	0.9%	0.1%	-1.3%
VWIV	40.9%	37.7%	45.0%	38.9%	45.0%
Skew 25d	1.8%	0.7%	3.8%	1.3%	3.1%
Skew 10d	4.4%	1.2%	20.4%	3.0%	4.6%
Call IV 25d	39.9%	37.5%	43.6%	39.1%	43.6%
Put IV 25d	41.7%	38.4%	46.7%	40.5%	46.7%
Bid-Ask Spread %	7.50	3.53	18.56	3.53	5.38
Gamma HHI	0.06	0.04	0.10	0.07	0.05
Net GEX	47.8M	-24.0M	135.2M	80.6M	-24.0M
Net DEX	-2.64B	-4.53B	-797.2M	-3.89B	-859.7M
Net VEX	-24.4M	-25.1M	-23.8M	-25.1M	-24.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.26	0.86	0.56	0.83
Total Volume	152,520.955	80,154	247,457	134,249	196,739
Total OI	1,725,468.091	1,579,808	1,864,582	1,745,055	1,727,699

Daily Data (22 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
2025-07-01	$120.85	$100.00	39.2%	10.9%	31.5%	4.8%	38.9%	1.3%	0.1%	80.6M	-3.89B	-25.1M	0.56	3.53	N/A	N/A	85,866	48,383	906,228	838,827
2025-07-02	$121.29	$100.00	38.9%	10.7%	29.5%	4.3%	37.7%	0.7%	0.3%	88.7M	-4.06B	-24.8M	0.63	4.82	N/A	N/A	104,569	65,382	915,880	845,562
2025-07-03	$122.57	$105.00	37.8%	11.0%	29.6%	2.3%	38.7%	0.9%	0.6%	107.8M	-4.42B	-25.0M	0.45	18.56	N/A	N/A	55,313	24,841	929,686	860,383
2025-07-07	$119.52	$105.00	40.5%	11.6%	29.9%	7.2%	41.2%	2.1%	0.2%	65.4M	-3.40B	-24.5M	0.66	10.26	N/A	N/A	59,706	39,147	839,175	825,797
2025-07-08	$124.22	$105.00	39.6%	11.4%	31.9%	5.6%	39.8%	0.7%	0.2%	110.9M	-4.53B	-24.4M	0.43	12.93	N/A	N/A	101,719	43,311	853,128	838,864
2025-07-09	$122.19	$105.00	39.5%	11.4%	32.6%	5.5%	40.2%	3.8%	0.3%	95.2M	-4.04B	-24.3M	0.53	13.85	N/A	N/A	82,112	43,679	867,178	849,649
2025-07-10	$122.32	$105.00	38.8%	11.2%	31.4%	4.0%	39.0%	1.3%	0.4%	91.6M	-4.00B	-24.2M	0.32	9.60	N/A	N/A	70,878	22,886	869,518	856,927
2025-07-11	$124.10	$105.00	38.9%	11.1%	31.5%	4.3%	39.7%	1.5%	-0.0%	135.2M	-4.47B	-24.2M	0.63	8.52	N/A	N/A	84,768	53,751	878,512	862,871
2025-07-14	$118.75	$105.00	41.0%	11.7%	35.7%	8.1%	41.6%	1.4%	-0.3%	46.9M	-3.08B	-23.9M	0.66	8.40	N/A	N/A	114,642	75,679	846,718	847,395
2025-07-15	$120.06	$105.00	40.1%	11.5%	35.8%	6.4%	40.4%	2.3%	-0.3%	63.1M	-3.43B	-24.1M	0.42	9.24	N/A	N/A	93,955	39,638	871,706	876,720
2025-07-16	$116.31	$105.00	41.5%	11.9%	34.9%	8.9%	41.5%	2.4%	-0.3%	22.3M	-2.45B	-24.1M	0.63	5.88	N/A	N/A	114,305	72,145	886,697	892,711
2025-07-17	$112.92	$105.00	41.3%	11.9%	36.2%	8.7%	42.7%	1.7%	-0.1%	-16.1M	-1.62B	-24.2M	0.86	5.52	N/A	N/A	132,967	114,490	911,856	920,631
2025-07-18	$114.42	$105.00	39.7%	11.4%	36.3%	5.7%	41.1%	2.3%	0.2%	29.9M	-2.23B	-24.2M	0.47	5.30	N/A	N/A	130,729	61,710	931,458	933,124
2025-07-21	$113.41	$105.00	41.1%	11.9%	36.0%	8.4%	42.3%	1.9%	0.7%	32.2M	-1.73B	-24.4M	0.64	3.86	N/A	N/A	96,413	61,334	761,619	818,189
2025-07-22	$109.17	$105.00	42.2%	12.3%	37.9%	10.2%	43.6%	2.4%	0.4%	-3.8M	-797.2M	-23.8M	0.83	4.41	N/A	N/A	131,401	108,699	786,919	839,540
2025-07-23	$109.47	$107.00	40.6%	11.9%	32.5%	7.3%	41.9%	2.0%	0.6%	225.8K	-912.9M	-24.5M	0.57	4.21	N/A	N/A	74,420	42,394	819,432	874,945
2025-07-24	$111.63	$109.00	38.9%	11.3%	33.9%	4.3%	40.1%	1.6%	0.7%	17.8M	-1.43B	-24.7M	0.74	3.91	N/A	N/A	93,593	69,242	844,209	890,277
2025-07-25	$111.34	$109.00	38.3%	11.1%	33.8%	3.2%	39.2%	1.9%	0.9%	37.9M	-1.40B	-24.8M	0.72	4.42	N/A	N/A	84,204	60,998	860,126	908,701
2025-07-28	$110.93	$109.00	39.4%	11.4%	33.8%	5.2%	40.2%	2.0%	-0.4%	9.4M	-1.42B	-24.4M	0.26	3.71	N/A	N/A	112,746	29,144	797,409	887,039
2025-07-29	$112.00	$110.00	41.0%	12.1%	34.1%	8.1%	42.7%	2.4%	-0.6%	20.8M	-1.66B	-24.4M	0.46	6.14	N/A	N/A	93,578	43,018	782,537	898,059
2025-07-30	$113.92	$110.00	42.0%	12.3%	34.5%	9.9%	43.4%	0.8%	-0.9%	40.5M	-2.16B	-24.6M	0.44	12.51	N/A	N/A	83,862	37,105	796,269	910,128
2025-07-31	$108.85	$110.00	44.2%	12.7%	37.6%	13.9%	45.0%	3.1%	-1.3%	-24.0M	-859.7M	-24.4M	0.83	5.38	N/A	N/A	107,626	89,113	806,830	920,869