MU Options History — March 2026

In March 2026, MU traded between $322.18 and $466.60. ATM implied volatility averaged 72.5%, placing in the 63.9% IV rank vs the trailing year. The 30-day expected move averaged 20.7%. IV traded above realized volatility by 7.7% (HV 20d: 64.8%). Max pain ranged from $330.00 to $400.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.81.

Notable Days

  • 2026-03-19: Highest Volume — 951,935 contracts
  • 2026-03-06: Largest IV spike — 9.8% change
  • 2026-03-06: Highest IV Rank — 89.0%
  • 2026-03-03: Largest Expected Move — 25.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$399.47$322.18$466.60$411.95$335.43
Max Pain$363.18$330.00$400.00$330.00$370.00
ATM IV72.5%62.3%86.1%78.0%70.2%
Expected Move20.7%14.9%25.5%24.2%20.1%
HV 20d64.8%55.9%77.2%65.4%75.4%
HV 60d67.3%64.0%71.4%65.7%69.1%
IV Rank63.9%45.1%89.0%74.0%59.6%
IV Percentile84.4%60.7%99.2%96.8%83.3%
Term Structure-1.0%-3.3%1.6%-2.8%-0.8%
VWIV73.8%63.5%88.7%86.2%70.8%
Skew 25d6.1%2.1%11.8%5.5%5.4%
Skew 10d12.0%5.8%18.5%11.8%11.1%
Call IV 25d70.2%60.3%82.8%75.6%68.1%
Put IV 25d76.3%65.8%94.7%81.1%73.5%
Bid-Ask Spread %22.4011.4042.7125.2515.32
Gamma HHI0.040.030.080.030.03
Net GEX8.4M-242.2M357.7M70.6M-71.0M
Net DEX-13.47B-27.41B1.11B-16.27B-2.73B
Net VEX-90.9M-97.4M-84.2M-85.2M-93.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.621.060.880.76
Total Volume550,218.864352,604951,935352,604727,226
Total OI2,381,160.8182,091,9362,704,3572,091,9362,494,092

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$411.95$330.0078.0%24.2%65.4%74.0%86.2%5.5%-2.8%70.6M-16.27B-85.2M0.8825.25N/AN/A187,725164,879906,7671,185,169
2026-03-03$381.47$330.0079.7%25.5%68.0%77.2%88.3%7.7%-1.8%-64.3M-10.60B-84.2M0.6723.09N/AN/A268,891181,454957,9801,249,430
2026-03-04$402.00$330.0078.6%25.2%69.4%75.1%88.7%5.8%-3.3%109.8M-15.56B-87.8M0.6220.88N/AN/A234,542145,8931,011,6331,311,375
2026-03-05$392.18$350.0078.4%21.6%60.9%74.8%77.0%10.0%-2.6%35.1M-13.05B-86.9M0.8533.27N/AN/A192,417163,2301,040,9301,357,333
2026-03-06$371.54$350.0086.1%23.7%64.0%89.0%82.5%11.8%-2.6%-242.2M-8.20B-86.2M0.8842.71N/AN/A294,668260,2091,066,8021,390,016
2026-03-09$387.25$350.0078.0%21.8%64.2%74.0%78.7%5.8%-1.4%4.4M-12.75B-87.2M0.7242.35N/AN/A230,540165,134960,9361,291,972
2026-03-10$403.15$350.0077.8%21.9%65.2%73.6%76.5%5.5%-1.1%125.3M-16.84B-88.3M0.9240.08N/AN/A242,382222,022998,6861,302,531
2026-03-11$419.59$350.0075.7%21.4%65.2%69.8%75.4%6.6%-1.4%210.7M-20.06B-91.1M0.8635.54N/AN/A206,504177,1971,032,9881,355,015
2026-03-12$406.48$350.0076.2%22.1%55.9%70.7%75.4%5.6%-2.2%76.5M-16.46B-90.8M0.6923.04N/AN/A217,118150,1601,062,8331,406,999
2026-03-13$424.12$350.0074.3%14.9%58.0%67.3%74.3%6.1%-1.8%357.7M-21.77B-91.3M0.8618.19N/AN/A390,642334,1391,079,9091,443,629
2026-03-16$440.46$350.0074.3%21.2%59.2%67.2%74.9%2.1%-0.8%124.4M-22.15B-90.3M0.7818.62N/AN/A228,515177,770965,6881,272,047
2026-03-17$460.49$360.0071.4%20.5%59.9%61.9%72.2%2.9%-1.3%190.1M-25.96B-93.1M0.7720.17N/AN/A208,040160,9261,012,9681,315,068
2026-03-18$466.60$370.0070.8%20.3%58.3%60.8%71.9%3.7%-0.5%215.6M-27.41B-93.7M0.7818.23N/AN/A286,198224,1951,045,4961,350,680
2026-03-19$447.45$380.0065.0%18.6%60.5%50.1%66.2%4.3%0.2%139.1M-22.92B-93.4M0.7715.53N/AN/A536,619415,3161,117,3211,419,974
2026-03-20$419.39$390.0067.9%19.5%64.2%55.4%68.2%5.5%-0.5%-198.4M-15.13B-97.4M0.8819.45N/AN/A460,668403,6431,183,6411,520,716
2026-03-23$406.83$390.0063.8%18.3%65.0%47.9%64.8%4.8%1.1%-62.0M-10.84B-96.1M0.8012.18N/AN/A297,924237,079920,6531,205,129
2026-03-24$396.13$400.0062.7%17.8%65.6%45.8%63.9%5.4%1.6%-123.2M-8.68B-95.1M0.8115.45N/AN/A244,064198,649983,9361,285,110
2026-03-25$380.88$400.0062.3%17.9%66.3%45.1%63.5%5.7%1.6%-177.3M-5.73B-94.5M0.6711.40N/AN/A372,724250,6411,030,5531,329,230
2026-03-26$355.62$380.0064.9%18.6%69.4%49.9%65.2%7.0%0.9%-223.1M-1.30B-92.0M1.0611.79N/AN/A409,638434,0761,116,6941,396,908
2026-03-27$357.09$380.0067.0%19.2%69.5%53.8%66.7%8.0%-0.5%-162.0M-3.03B-94.8M0.8616.37N/AN/A380,456326,1561,204,7751,437,503
2026-03-30$322.18$380.0072.0%20.7%77.2%62.9%72.8%8.4%-1.1%-150.0M1.11B-86.5M0.9413.97N/AN/A357,816336,7301,054,0521,310,371
2026-03-31$335.43$370.0070.2%20.1%75.4%59.6%70.8%5.4%-0.8%-71.0M-2.73B-93.6M0.7615.32N/AN/A413,458313,7681,146,4671,347,625