MU Options History — November 2025

In November 2025, MU traded between $201.08 and $253.44. ATM implied volatility averaged 70.4%, placing in the 60.9% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 3.9% (HV 20d: 66.4%). Max pain ranged from $130.00 to $180.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.89.

Notable Days

  • 2025-11-20: Highest Volume — 447,201 contracts
  • 2025-11-13: Largest IV spike — 7.7% change
  • 2025-11-20: Highest IV Rank — 83.8%
  • 2025-11-20: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$232.59$201.08$253.44$235.22$234.94
Max Pain$149.21$130.00$180.00$175.00$155.00
ATM IV70.4%63.6%83.1%64.9%69.4%
Expected Move21.2%19.2%24.0%19.6%21.2%
HV 20d66.4%49.8%81.1%49.8%81.1%
HV 60d56.4%48.5%63.0%48.5%62.6%
IV Rank60.9%48.8%83.8%51.1%59.1%
IV Percentile93.5%84.9%99.2%89.7%91.7%
Term Structure0.6%-5.6%6.7%1.0%-4.6%
VWIV75.4%68.9%83.9%69.8%75.0%
Skew 25d2.1%-1.5%7.0%0.4%3.6%
Skew 10d5.2%-0.4%13.5%1.7%6.7%
Call IV 25d70.4%64.5%81.1%65.6%68.1%
Put IV 25d72.5%64.8%88.0%66.0%71.7%
Bid-Ask Spread %23.766.6040.436.6025.15
Gamma HHI0.050.040.070.060.07
Net GEX79.3M-14.2M117.7M100.8M107.1M
Net DEX-10.98B-14.41B-5.09B-12.25B-10.98B
Net VEX-34.4M-36.5M-31.6M-31.6M-35.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.601.160.900.79
Total Volume230,553.684121,989447,201190,511127,742
Total OI1,814,404.5791,647,6722,013,6211,647,6721,822,119

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$235.22$175.0064.9%19.6%49.8%51.1%69.8%0.4%1.0%100.8M-12.25B-31.6M0.906.60N/AN/A100,18990,322761,914885,758
2025-11-04$219.56$175.0064.0%19.2%55.9%49.4%68.9%0.8%-0.8%61.2M-9.71B-32.7M1.1612.02N/AN/A65,47975,812788,415925,897
2025-11-05$239.66$180.0065.1%19.7%61.1%51.4%69.9%-0.4%0.3%117.7M-13.07B-32.0M0.828.06N/AN/A126,917104,700799,777945,338
2025-11-06$238.86$130.0066.5%20.9%60.6%53.9%73.7%-0.1%0.4%113.5M-12.83B-33.4M0.9939.19N/AN/A110,751109,420815,710986,405
2025-11-07$236.16$130.0066.1%20.7%56.8%53.2%73.5%0.8%0.5%70.9M-12.21B-33.8M0.9440.43N/AN/A155,916146,767829,850998,570
2025-11-10$253.44$130.0065.9%20.9%58.9%52.9%74.3%-1.5%6.7%115.2M-14.41B-32.4M0.6117.88N/AN/A146,25889,913789,744930,364
2025-11-11$242.05$135.0064.4%20.3%61.6%50.2%73.4%-0.9%6.5%91.9M-12.48B-33.0M0.9525.40N/AN/A89,00084,570819,392956,630
2025-11-12$243.91$140.0063.6%20.1%61.6%48.8%72.0%-1.3%6.7%107.5M-12.93B-33.4M0.9419.78N/AN/A63,00258,987846,107976,153
2025-11-13$238.03$140.0068.5%21.2%61.0%57.6%75.3%0.7%6.4%77.3M-11.69B-34.4M0.8528.03N/AN/A127,626108,974853,051994,549
2025-11-14$247.88$140.0069.7%21.0%62.0%59.8%74.8%1.1%5.2%115.0M-13.51B-34.3M0.8421.74N/AN/A217,149181,357863,3951,020,502
2025-11-17$241.17$145.0074.7%21.8%63.2%68.7%78.7%0.9%-0.4%84.6M-11.87B-34.8M0.8025.69N/AN/A121,97297,232817,963968,315
2025-11-18$229.42$150.0076.7%22.2%65.9%72.3%80.1%4.2%-0.2%46.0M-9.80B-36.1M0.9813.62N/AN/A107,046104,836847,5411,007,510
2025-11-19$227.02$145.0077.3%22.2%65.4%73.4%79.0%5.4%0.9%47.0M-9.59B-36.1M0.9625.19N/AN/A154,153147,925874,8311,027,014
2025-11-20$201.08$150.0083.1%24.0%78.7%83.8%83.9%7.0%-5.6%-14.2M-5.09B-36.0M1.1535.55N/AN/A208,138239,063920,8281,069,252
2025-11-21$209.15$150.0079.1%23.0%76.5%76.5%81.8%5.4%-3.5%11.4M-7.21B-36.4M0.9135.83N/AN/A195,162178,240951,6701,061,951
2025-11-24$224.31$155.0074.2%22.1%80.7%67.8%77.4%5.3%-3.0%75.6M-9.18B-36.5M0.6017.13N/AN/A101,27860,750812,320933,694
2025-11-25$225.35$155.0072.1%21.7%80.6%64.1%76.7%4.3%-2.8%81.4M-9.41B-36.1M0.8226.38N/AN/A77,33763,522829,137944,043
2025-11-26$232.06$155.0071.3%21.3%81.1%62.6%75.1%3.8%-3.1%97.5M-10.45B-36.1M0.8427.80N/AN/A77,88565,130838,975959,003
2025-11-28$234.94$155.0069.4%21.2%81.1%59.1%75.0%3.6%-4.6%107.1M-10.98B-35.5M0.7925.15N/AN/A71,27056,472848,074974,045