MSFT Options History — October 2015

In October 2015, MSFT traded between $43.89 and $54.17. ATM implied volatility averaged 24.8%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 2.2% (HV 20d: 26.9%). Max pain ranged from $44.00 to $47.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2015-10-23: Highest Volume — 651,879 contracts
  • 2015-10-23: Largest IV drop — 32.2% change
  • 2015-10-01: Highest IV Rank — 73.2%
  • 2015-10-22: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.65$43.89$54.17$43.89$52.86
Max Pain$44.95$44.00$47.00$44.00$47.00
ATM IV24.8%19.2%30.3%30.3%19.2%
Expected Move6.9%5.7%8.3%7.1%5.8%
HV 20d26.9%18.1%42.3%22.3%41.8%
HV 60d30.2%27.3%35.5%27.8%35.3%
IV Rank47.6%21.7%73.2%73.2%21.7%
IV Percentile75.1%40.5%97.2%97.2%40.5%
Term Structure-0.8%-2.3%0.2%-1.2%-0.1%
VWIV24.7%20.1%28.8%25.6%20.1%
Skew 25d4.8%2.3%7.1%7.1%2.4%
Skew 10d9.8%3.3%14.3%11.5%3.3%
Call IV 25d22.6%18.3%27.4%27.4%18.4%
Put IV 25d27.4%20.8%34.5%34.5%20.8%
Bid-Ask Spread %8.515.3118.829.809.21
Gamma HHI0.130.080.170.080.13
Net GEX125.5M46.6M178.9M46.6M158.3M
Net DEX-2.62B-5.64B-210.1M-210.1M-4.64B
Net VEX-14.2M-15.2M-12.6M-13.8M-15.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.241.401.400.50
Total Volume157,119.27344,680651,87944,680187,285
Total OI2,288,317.9551,938,7112,653,2812,189,4522,653,281

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-10-01$43.89$44.0030.3%7.1%22.3%73.2%25.6%7.1%-1.2%46.6M-210.1M-13.8M1.409.80N/AN/A18,61326,0671,245,710943,742
2015-10-02$45.36$44.0027.6%6.1%24.8%60.4%22.9%6.2%-0.4%81.8M-1.02B-14.4M0.9011.33N/AN/A60,03253,9411,258,406955,134
2015-10-05$46.63$44.0026.4%7.2%24.9%55.2%26.6%5.6%-0.6%108.9M-1.65B-14.5M0.777.02N/AN/A75,31057,9081,247,122937,033
2015-10-06$46.79$44.0026.4%7.3%23.4%55.1%25.2%5.6%-1.0%112.1M-1.76B-14.5M0.897.36N/AN/A49,40743,8041,273,416958,276
2015-10-07$46.69$44.0027.6%7.4%21.7%60.5%26.7%6.1%-0.8%112.4M-1.72B-14.6M0.868.34N/AN/A44,84838,3561,284,812960,311
2015-10-08$47.33$44.0025.9%7.2%21.9%52.6%25.4%5.7%-0.9%130.8M-2.12B-14.4M0.899.02N/AN/A45,97940,8441,293,822963,892
2015-10-09$47.25$44.0026.0%7.2%22.0%53.2%24.8%5.6%-1.0%178.9M-2.10B-14.4M0.658.81N/AN/A40,33526,0641,325,319972,774
2015-10-12$46.97$44.0025.4%7.2%21.8%50.6%25.4%5.6%-0.2%124.2M-1.79B-13.8M0.515.31N/AN/A48,34524,7551,267,534942,172
2015-10-13$46.86$44.0025.2%7.1%20.9%49.7%26.8%5.2%-0.4%124.7M-1.73B-13.8M0.915.63N/AN/A34,39631,2041,282,964947,413
2015-10-14$46.58$45.0026.0%7.2%21.1%53.1%25.6%5.7%-1.3%116.4M-1.57B-13.7M0.555.32N/AN/A49,80027,5201,289,964957,596
2015-10-15$46.93$45.0024.7%7.0%21.1%47.2%24.2%5.7%-0.4%133.1M-1.73B-13.8M0.605.70N/AN/A38,35923,1791,290,728960,040
2015-10-16$47.38$45.0023.9%6.9%20.0%43.3%23.1%5.4%0.1%122.7M-2.06B-13.5M0.246.01N/AN/A122,01329,8971,294,154962,148
2015-10-19$47.59$45.0026.4%7.5%19.6%55.0%26.3%5.7%-1.8%105.0M-1.65B-13.7M0.329.00N/AN/A141,97545,6471,118,650820,061
2015-10-20$47.69$45.0027.4%7.8%18.1%59.6%26.9%5.4%-1.3%118.9M-1.79B-14.4M0.378.92N/AN/A120,84744,9581,207,101840,944
2015-10-21$47.16$45.0027.9%8.0%18.7%61.8%28.0%5.6%-2.1%128.0M-1.65B-14.7M0.468.78N/AN/A77,67636,0281,299,525860,051
2015-10-22$47.80$45.0028.7%8.3%19.0%65.9%28.8%4.0%-2.3%135.8M-2.03B-15.2M0.4718.82N/AN/A302,381141,3991,322,391879,067
2015-10-23$53.41$46.0019.5%5.7%42.3%23.1%21.4%2.7%-0.9%118.9M-5.64B-12.6M0.3610.63N/AN/A478,058173,8211,429,446964,189
2015-10-26$54.17$46.0020.8%6.2%41.5%29.1%23.3%2.7%-0.4%135.2M-5.29B-14.2M0.347.29N/AN/A182,41062,1771,468,695951,095
2015-10-27$53.70$46.0020.6%6.3%41.9%28.4%22.3%2.6%-0.1%149.6M-5.23B-14.5M0.7810.32N/AN/A97,80476,3261,530,932974,892
2015-10-28$53.91$46.0020.1%6.0%42.0%25.7%22.1%2.8%-0.2%158.3M-5.33B-14.2M0.818.75N/AN/A82,98867,4101,561,3981,015,883
2015-10-29$53.35$47.0019.4%5.9%42.2%22.6%21.2%2.3%0.2%160.1M-5.03B-14.5M0.635.83N/AN/A53,11633,3421,588,5551,042,357
2015-10-30$52.86$47.0019.2%5.8%41.8%21.7%20.1%2.4%-0.1%158.3M-4.64B-15.0M0.509.21N/AN/A124,57762,7081,602,6021,050,679