MU Options History — February 2026

In February 2026, MU traded between $373.81 and $436.19. ATM implied volatility averaged 74.3%, placing in the 67.3% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded above realized volatility by 5.3% (HV 20d: 69.1%). Max pain ranged from $300.00 to $332.50. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.73.

Notable Days

2026-02-20: Highest Volume — 695,839 contracts
2026-02-23: Largest IV spike — 10.0% change
2026-02-24: Highest IV Rank — 82.8%
2026-02-25: Largest Expected Move — 23.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$408.69	$373.81	$436.19	$436.19	$409.92
Max Pain	$319.61	$300.00	$332.50	$330.00	$330.00
ATM IV	74.3%	68.6%	82.8%	70.2%	76.2%
Expected Move	21.8%	20.1%	23.9%	20.1%	22.8%
HV 20d	69.1%	59.9%	74.0%	59.9%	67.0%
HV 60d	68.9%	65.1%	72.5%	69.0%	65.7%
IV Rank	67.3%	56.8%	82.8%	59.6%	70.7%
IV Percentile	94.1%	85.7%	98.8%	92.1%	94.8%
Term Structure	1.6%	-2.0%	6.6%	-0.3%	-1.4%
VWIV	77.9%	72.2%	84.6%	72.2%	80.7%
Skew 25d	4.1%	1.8%	6.0%	1.8%	4.5%
Skew 10d	8.1%	4.3%	12.1%	4.3%	11.2%
Call IV 25d	73.5%	67.6%	81.0%	71.1%	75.4%
Put IV 25d	77.6%	71.8%	86.5%	73.0%	79.9%
Bid-Ask Spread %	27.89	18.95	35.03	21.49	26.96
Gamma HHI	0.04	0.02	0.17	0.03	0.08
Net GEX	112.2M	-52.9M	483.0M	161.4M	-36.7M
Net DEX	-17.68B	-23.76B	-11.68B	-22.60B	-15.22B
Net VEX	-79.8M	-87.1M	-69.0M	-69.0M	-85.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.56	1.07	0.84	0.88
Total Volume	455,946.368	266,246	695,839	401,645	528,487
Total OI	2,197,925.211	1,880,701	2,421,543	1,880,701	2,357,128

Daily Data (19 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
2026-02-02	$436.19	$330.00	70.2%	20.1%	59.9%	59.6%	72.2%	1.8%	-0.3%	161.4M	-22.60B	-69.0M	0.84	21.49	N/A	N/A	218,499	183,146	850,565	1,030,136
2026-02-03	$416.17	$330.00	73.2%	21.0%	63.4%	65.3%	75.2%	3.8%	0.5%	71.2M	-18.71B	-72.2M	0.67	18.95	N/A	N/A	222,163	149,568	890,676	1,108,960
2026-02-04	$378.60	$332.50	76.3%	22.4%	67.4%	71.0%	79.2%	3.7%	-1.4%	-52.9M	-11.68B	-74.3M	0.77	23.17	N/A	N/A	371,170	285,338	938,073	1,150,905
2026-02-05	$380.79	$300.00	74.8%	22.7%	67.2%	68.2%	80.8%	3.9%	-0.3%	-26.5M	-12.32B	-75.2M	0.77	27.08	N/A	N/A	218,825	168,466	991,212	1,198,131
2026-02-06	$395.69	$310.00	69.1%	21.3%	66.4%	57.7%	76.4%	4.8%	-1.2%	91.8M	-15.75B	-76.4M	0.96	35.03	N/A	N/A	302,530	290,239	1,022,933	1,225,958
2026-02-09	$386.03	$310.00	69.2%	21.3%	65.5%	57.8%	76.2%	2.5%	5.6%	27.7M	-14.21B	-75.1M	1.07	33.70	N/A	N/A	149,505	159,546	906,540	1,157,543
2026-02-10	$373.81	$310.00	68.6%	21.4%	66.9%	56.8%	76.3%	4.5%	6.6%	-21.7M	-11.91B	-74.8M	0.84	33.30	N/A	N/A	166,816	140,962	941,145	1,213,677
2026-02-11	$413.30	$310.00	69.9%	21.5%	74.0%	59.1%	77.0%	3.0%	5.7%	186.8M	-20.44B	-77.5M	0.58	29.03	N/A	N/A	346,112	200,172	969,044	1,238,297
2026-02-12	$415.73	$310.00	74.0%	22.5%	73.4%	66.7%	80.5%	4.8%	5.6%	226.0M	-21.00B	-80.5M	0.61	27.97	N/A	N/A	404,799	248,554	1,015,978	1,270,763
2026-02-13	$410.38	$310.00	72.9%	21.9%	73.8%	64.6%	78.8%	4.4%	5.8%	175.3M	-19.44B	-81.4M	0.66	27.87	N/A	N/A	391,582	258,487	1,060,330	1,332,079
2026-02-17	$400.62	$310.00	75.7%	21.8%	72.1%	69.7%	78.3%	4.2%	1.3%	62.1M	-16.50B	-79.6M	0.58	28.63	N/A	N/A	237,351	138,411	966,078	1,224,160
2026-02-18	$418.84	$320.00	74.7%	21.4%	73.2%	67.9%	76.8%	4.3%	2.2%	216.6M	-20.99B	-83.4M	0.69	30.01	N/A	N/A	251,521	173,615	1,028,976	1,255,320
2026-02-19	$414.21	$320.00	75.2%	21.4%	71.2%	68.9%	76.6%	3.0%	2.7%	227.7M	-20.05B	-84.1M	0.56	33.31	N/A	N/A	205,669	114,611	1,069,767	1,291,639
2026-02-20	$427.12	$320.00	72.5%	20.3%	71.6%	63.8%	72.9%	3.7%	5.5%	483.0M	-23.76B	-84.1M	0.82	31.79	N/A	N/A	381,640	314,199	1,111,540	1,310,003
2026-02-23	$421.88	$330.00	79.7%	21.7%	71.8%	77.1%	77.5%	6.0%	-1.6%	74.8M	-17.55B	-84.8M	0.64	26.29	N/A	N/A	162,726	103,520	896,009	1,149,322
2026-02-24	$421.84	$330.00	82.8%	22.2%	71.3%	82.8%	79.1%	5.5%	-1.6%	93.6M	-17.81B	-86.7M	0.61	28.75	N/A	N/A	229,335	140,771	940,961	1,183,933
2026-02-25	$428.85	$330.00	80.6%	23.9%	69.2%	78.8%	84.6%	4.6%	-1.9%	151.7M	-19.55B	-87.1M	0.61	21.28	N/A	N/A	186,459	113,112	978,285	1,225,018
2026-02-26	$415.22	$330.00	76.9%	22.9%	66.9%	72.1%	80.6%	4.1%	-2.0%	20.6M	-16.39B	-85.4M	0.63	25.27	N/A	N/A	309,632	195,443	994,142	1,265,353
2026-02-27	$409.92	$330.00	76.2%	22.8%	67.0%	70.7%	80.7%	4.5%	-1.4%	-36.7M	-15.22B	-85.2M	0.88	26.96	N/A	N/A	281,015	247,472	1,046,070	1,311,058