MSFT Options History — June 2015

In June 2015, MSFT traded between $44.29 and $47.22. ATM implied volatility averaged 20.7%, placing in the 49.4% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 3.8% (HV 20d: 16.9%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.79.

Notable Days

  • 2015-06-04: Highest Volume — 130,060 contracts
  • 2015-06-29: Largest IV spike — 11.8% change
  • 2015-06-29: Highest IV Rank — 89.2%
  • 2015-06-29: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.99$44.29$47.22$47.22$44.29
Max Pain$45.27$45.00$47.00$47.00$45.00
ATM IV20.7%17.8%26.6%19.6%25.6%
Expected Move5.4%4.8%6.1%5.5%5.8%
HV 20d16.9%14.7%21.7%21.7%15.6%
HV 60d28.1%27.3%28.9%28.9%27.3%
IV Rank49.4%29.8%89.2%41.9%82.7%
IV Percentile66.0%40.9%98.0%61.5%96.4%
Term Structure0.9%-1.1%6.0%-0.2%-0.7%
VWIV18.9%16.8%21.7%19.4%20.0%
Skew 25d1.6%0.8%2.9%1.1%2.9%
Skew 10d2.9%1.2%4.7%1.8%4.7%
Call IV 25d20.2%17.2%25.5%19.1%24.7%
Put IV 25d21.8%18.5%28.0%20.1%27.6%
Bid-Ask Spread %9.336.8315.0613.177.27
Gamma HHI0.130.090.150.150.09
Net GEX52.3M19.8M71.3M69.1M19.8M
Net DEX-706.5M-1.16B-40.1M-1.16B-40.1M
Net VEX-15.2M-16.2M-14.0M-15.7M-14.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.511.360.511.36
Total Volume76,11346,242130,06088,05596,061
Total OI1,983,607.7731,854,2392,067,4731,924,4911,952,392

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-06-01$47.22$47.0019.6%5.5%21.7%41.9%19.4%1.1%-0.2%69.1M-1.16B-15.7M0.5113.17N/AN/A58,40129,6541,021,455903,036
2015-06-02$46.92$47.0019.1%5.5%21.6%38.6%19.2%1.4%-0.1%66.7M-1.04B-15.6M0.799.45N/AN/A25,84720,3951,036,506907,038
2015-06-03$46.84$47.0018.9%5.5%21.4%37.3%19.2%1.3%-0.2%65.4M-968.5M-15.8M0.7410.37N/AN/A43,57232,1051,050,565916,285
2015-06-04$46.33$45.0019.6%5.7%17.9%41.8%19.9%1.3%-0.2%48.6M-749.1M-15.7M0.719.14N/AN/A76,11553,9451,060,663918,759
2015-06-05$46.21$45.0019.5%5.6%17.2%41.3%19.4%1.1%0.2%52.7M-690.9M-16.2M0.839.20N/AN/A47,54639,4591,103,022939,997
2015-06-08$45.80$45.0019.4%5.6%15.5%40.6%19.9%1.6%0.5%46.1M-565.5M-15.9M1.188.86N/AN/A32,55038,4031,089,835926,029
2015-06-09$45.64$45.0019.4%5.6%15.3%40.6%19.8%1.2%0.3%40.7M-474.4M-15.8M0.689.87N/AN/A46,90731,8421,100,397938,468
2015-06-10$46.66$45.0018.5%5.2%17.5%34.2%18.3%1.5%-0.4%71.3M-1.01B-15.7M0.6110.92N/AN/A45,16727,4451,105,810935,282
2015-06-11$46.41$45.0017.8%5.3%17.5%29.8%18.0%1.6%0.9%60.8M-855.4M-15.7M1.048.09N/AN/A27,14128,3151,109,885936,714
2015-06-12$46.01$45.0018.8%5.4%15.2%36.3%19.1%1.6%0.3%34.8M-662.7M-15.5M0.628.30N/AN/A57,89336,0091,114,825939,155
2015-06-15$45.49$45.0019.7%5.7%15.4%42.6%19.6%1.8%4.3%39.3M-453.1M-15.2M0.667.75N/AN/A45,62529,9001,106,749925,176
2015-06-16$45.80$45.0019.1%5.5%15.7%38.5%19.2%1.5%4.4%43.9M-618.7M-15.4M0.697.75N/AN/A31,49221,8791,112,606931,551
2015-06-17$45.92$45.0019.5%5.6%15.6%41.3%19.7%0.8%4.6%46.9M-689.7M-15.0M0.637.88N/AN/A40,44825,5321,116,648934,547
2015-06-18$46.70$45.0019.5%5.3%17.0%41.1%18.4%1.1%6.0%70.8M-1.11B-15.5M0.626.83N/AN/A39,01724,1011,122,152933,682
2015-06-19$46.14$45.0019.5%5.0%17.4%41.0%17.5%1.3%5.7%64.5M-823.8M-14.9M0.867.93N/AN/A38,55633,3301,131,263936,210
2015-06-22$46.33$45.0021.5%4.8%17.1%54.8%16.8%1.9%-0.8%69.4M-944.8M-14.9M0.676.85N/AN/A27,75818,5021,020,685833,554
2015-06-23$45.94$45.0022.9%5.0%17.2%64.4%17.3%1.8%-1.0%61.2M-770.4M-14.4M0.728.16N/AN/A43,83631,4221,030,273840,261
2015-06-24$45.72$45.0023.6%5.0%14.7%68.8%17.5%1.7%-0.7%56.5M-676.6M-14.5M0.7510.43N/AN/A30,39322,6781,044,743854,666
2015-06-25$45.72$45.0023.6%4.9%14.7%69.1%17.4%1.9%-1.0%53.4M-659.6M-14.5M0.8311.61N/AN/A27,56922,8321,051,446862,250
2015-06-26$45.27$45.0023.8%5.0%14.7%70.2%18.0%2.2%-1.1%42.2M-436.4M-14.2M1.0315.06N/AN/A54,57456,1451,057,425864,577
2015-06-29$44.42$45.0026.6%6.1%15.7%89.2%21.7%2.5%-1.0%25.8M-142.5M-14.2M0.7710.44N/AN/A64,37649,7491,051,304871,485
2015-06-30$44.29$45.0025.6%5.8%15.6%82.7%20.0%2.9%-0.7%19.8M-40.1M-14.0M1.367.27N/AN/A40,71755,3441,067,436884,956