MSFT Options History — November 2010

In November 2010, MSFT traded between $25.12 and $27.39. ATM implied volatility averaged 22.4%, placing in the 34.3% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 3.6% (HV 20d: 18.8%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2010-11-15: Highest Volume — 1,961,707 contracts
  • 2010-11-03: Largest IV drop — 20.2% change
  • 2010-11-02: Highest IV Rank — 51.5%
  • 2010-11-30: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.20$25.12$27.39$26.95$25.26
Max Pain$25.81$25.00$26.00$25.00$26.00
ATM IV22.4%19.3%26.6%26.0%24.8%
Expected Move6.4%5.6%7.0%6.6%7.0%
HV 20d18.8%15.9%20.5%18.6%15.9%
HV 60d20.4%20.1%20.9%20.5%20.4%
IV Rank34.3%21.5%51.5%49.3%44.2%
IV Percentile40.1%13.1%77.8%73.0%63.5%
Term Structure0.6%-0.5%1.9%-0.1%-0.5%
VWIV22.9%20.0%24.8%24.8%23.8%
Skew 25d2.4%1.3%3.5%2.5%3.1%
Skew 10d5.0%2.4%7.9%6.1%5.7%
Call IV 25d21.9%19.0%23.9%22.3%23.4%
Put IV 25d24.3%22.3%26.6%24.9%26.4%
Bid-Ask Spread %3.231.454.433.202.91
Gamma HHI0.130.120.160.120.12
Net GEX49.2M25.6M70.6M66.2M25.6M
Net DEX-874.3M-1.82B-159.3M-1.56B-192.7M
Net VEX-14.8M-16.2M-13.2M-15.9M-13.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.031.430.480.63
Total Volume195,065.61926,9671,961,707154,21375,733
Total OI3,705,984.7623,430,2613,868,3773,668,4403,561,952

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-11-01$26.95$25.0026.0%6.6%18.6%49.3%24.8%2.5%-0.1%66.2M-1.56B-15.9M0.483.20N/AN/A104,06450,1492,122,3391,546,101
2010-11-02$27.39$25.0026.6%6.5%18.4%51.5%23.6%3.5%0.2%68.7M-1.82B-16.2M0.502.80N/AN/A102,33451,0952,112,9851,553,336
2010-11-03$27.03$25.0021.2%6.2%19.6%29.5%22.6%2.5%0.9%70.6M-1.64B-15.9M1.182.49N/AN/A54,76364,6342,139,9451,578,410
2010-11-04$27.14$25.0022.1%6.1%19.6%33.1%21.9%2.4%1.2%66.8M-1.60B-16.1M0.553.42N/AN/A74,71941,3302,140,5891,606,907
2010-11-05$26.85$26.0021.0%6.8%20.4%28.6%23.8%2.0%-0.1%58.4M-1.42B-15.7M0.554.10N/AN/A110,65961,3532,157,2621,623,906
2010-11-08$26.81$26.0022.4%6.4%20.4%34.5%23.4%2.1%0.5%55.4M-1.26B-15.7M0.724.08N/AN/A49,43935,4012,172,2731,646,142
2010-11-09$26.95$26.0022.5%6.5%20.3%34.8%23.6%1.9%0.4%58.9M-1.39B-15.6M0.654.43N/AN/A59,70638,9002,181,0791,659,900
2010-11-10$26.94$26.0019.3%6.4%19.4%21.5%22.4%1.9%0.5%66.6M-1.54B-15.4M0.413.23N/AN/A38,25315,8252,195,9591,655,838
2010-11-11$26.68$26.0023.1%6.6%19.8%37.1%23.5%1.9%1.1%59.7M-1.22B-15.7M0.884.37N/AN/A60,72653,6252,203,2321,658,132
2010-11-12$26.27$26.0022.7%6.5%20.5%35.5%22.9%2.0%0.3%55.7M-959.3M-15.2M0.463.76N/AN/A131,63160,1002,214,1861,654,191
2010-11-15$26.20$26.0022.1%6.3%20.2%33.2%23.2%1.3%0.8%54.8M-888.8M-14.8M0.033.48N/AN/A1,908,26153,4462,189,9091,648,852
2010-11-16$25.81$26.0024.1%6.9%18.1%41.5%24.8%2.6%0.5%35.5M-410.0M-15.0M0.673.58N/AN/A97,79565,2552,113,6651,656,470
2010-11-17$25.57$26.0023.2%6.6%18.3%37.5%23.8%2.3%0.7%34.7M-311.2M-14.4M1.433.61N/AN/A32,66946,5582,135,2421,645,284
2010-11-18$25.84$26.0021.7%6.2%18.6%31.6%22.2%2.3%1.0%49.2M-430.3M-14.9M0.473.05N/AN/A56,31826,4732,145,4761,653,208
2010-11-19$25.69$26.0019.7%5.6%18.8%23.3%20.0%2.1%1.9%41.2M-223.4M-13.7M0.992.77N/AN/A34,62634,3042,133,9651,638,459
2010-11-22$25.73$26.0020.0%5.7%18.5%24.4%20.6%3.5%1.5%43.3M-530.6M-13.6M1.001.45N/AN/A54,00153,8011,989,8461,440,415
2010-11-23$25.12$26.0022.1%6.3%17.7%33.3%22.2%2.5%0.8%27.5M-159.3M-13.3M0.702.39N/AN/A50,20535,0672,018,1801,471,342
2010-11-24$25.37$26.0021.8%6.3%18.0%32.0%21.5%2.8%0.6%35.1M-321.7M-13.4M0.762.46N/AN/A37,04328,2212,032,0341,472,671
2010-11-26$25.25$26.0021.4%6.5%17.6%30.2%21.9%2.6%0.1%29.4M-263.6M-13.5M0.442.96N/AN/A18,6678,3002,044,7911,484,637
2010-11-29$25.31$26.0022.3%6.7%16.6%33.8%24.2%3.3%-0.2%29.1M-212.3M-13.2M0.603.31N/AN/A75,44945,4802,045,0451,481,525
2010-11-30$25.26$26.0024.8%7.0%15.9%44.2%23.8%3.1%-0.5%25.6M-192.7M-13.5M0.632.91N/AN/A46,48429,2492,053,1271,508,825