MSFT Options History — July 2016

In July 2016, MSFT traded between $51.15 and $56.76. ATM implied volatility averaged 21.4%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 5.4% (HV 20d: 26.8%). Max pain ranged from $50.00 to $52.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.80.

Notable Days

  • 2016-07-20: Highest Volume — 533,785 contracts
  • 2016-07-20: Largest IV drop — 38.9% change
  • 2016-07-05: Highest IV Rank — 46.7%
  • 2016-07-05: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.12$51.15$56.76$51.29$56.69
Max Pain$50.98$50.00$52.50$51.00$52.50
ATM IV21.4%14.8%28.0%26.3%14.8%
Expected Move5.9%4.3%7.7%4.5%4.3%
HV 20d26.8%23.7%32.4%26.9%23.7%
HV 60d24.9%21.1%26.2%26.0%23.3%
IV Rank21.4%0.0%46.7%39.4%0.0%
IV Percentile35.6%0.0%77.8%64.3%0.0%
Term Structure-0.4%-1.6%0.8%-1.2%0.4%
VWIV20.9%15.6%26.9%17.0%15.6%
Skew 25d4.2%2.8%5.9%5.2%3.0%
Skew 10d8.5%4.8%13.0%11.2%6.7%
Call IV 25d19.4%13.2%25.3%24.7%13.2%
Put IV 25d23.7%16.2%31.2%29.9%16.2%
Bid-Ask Spread %4.093.117.104.423.71
Gamma HHI0.150.080.410.090.14
Net GEX108.0M31.2M386.1M36.6M128.1M
Net DEX-1.57B-2.82B-339.5M-452.3M-2.47B
Net VEX-13.7M-14.4M-13.3M-13.6M-14.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.541.110.790.60
Total Volume141,111.262,761533,78597,20995,479
Total OI1,854,401.91,600,7572,039,5681,820,0111,895,946

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-07-01$51.29$51.0026.3%4.5%26.9%39.4%17.0%5.2%-1.2%36.6M-452.3M-13.6M0.794.42N/AN/A54,16643,043985,141834,870
2016-07-05$51.15$50.0028.0%7.7%26.7%46.7%25.9%5.9%-1.1%31.2M-339.5M-13.3M1.083.38N/AN/A30,16232,599962,832810,804
2016-07-06$51.40$50.0027.4%7.1%26.8%44.4%26.0%5.8%-1.3%37.6M-436.7M-13.4M0.683.48N/AN/A57,18339,011971,223819,030
2016-07-07$51.33$50.0027.7%7.1%26.8%45.4%25.9%5.9%-1.4%41.3M-431.0M-13.3M0.753.29N/AN/A40,22130,287985,630826,828
2016-07-08$52.28$50.0024.7%6.7%27.5%32.2%24.0%5.7%-1.2%76.4M-890.1M-13.3M0.764.83N/AN/A71,59354,657989,250834,969
2016-07-11$52.66$50.0025.6%7.0%27.5%36.4%24.0%5.1%-1.1%66.2M-1.01B-13.3M0.883.34N/AN/A51,08144,760984,163834,370
2016-07-12$53.19$50.0024.1%6.8%25.9%29.4%23.2%4.9%-0.0%78.5M-1.29B-13.3M0.933.11N/AN/A65,58861,1251,001,302848,612
2016-07-13$53.65$50.0023.8%7.0%25.6%28.4%24.2%4.4%0.8%92.4M-1.51B-13.6M0.673.46N/AN/A73,55149,4981,017,642876,629
2016-07-14$53.75$50.0024.2%7.0%25.5%30.1%24.3%4.6%0.6%102.9M-1.57B-13.5M0.773.49N/AN/A57,15644,1161,047,181894,049
2016-07-15$53.61$50.0023.6%6.8%25.4%27.2%22.6%4.1%0.5%68.7M-1.48B-13.3M0.543.77N/AN/A92,72550,3521,049,741900,287
2016-07-18$53.99$50.0023.6%6.7%25.3%27.2%23.7%4.2%-1.3%76.5M-1.32B-13.5M0.715.41N/AN/A128,09490,462857,084743,673
2016-07-19$53.05$50.0026.1%7.4%26.4%38.5%26.9%4.0%-1.6%68.6M-955.8M-14.1M1.007.10N/AN/A171,043171,611934,690793,440
2016-07-20$56.25$51.0016.0%4.6%32.3%0.0%16.2%2.9%-0.4%161.8M-2.77B-13.6M0.543.82N/AN/A346,295187,4901,011,113873,442
2016-07-21$55.81$52.5015.4%4.4%32.4%0.0%16.4%3.0%-0.3%151.9M-2.34B-14.3M0.743.67N/AN/A75,42855,5481,078,148936,050
2016-07-22$56.49$52.5015.3%4.4%32.2%0.0%15.9%2.8%-0.4%386.1M-2.82B-14.0M0.564.01N/AN/A88,49749,3371,092,001947,567
2016-07-25$56.64$52.5015.3%4.4%27.6%0.0%16.8%3.6%0.3%141.4M-2.45B-14.1M1.114.90N/AN/A39,43343,791994,862837,818
2016-07-26$56.76$52.5015.4%4.5%24.2%0.6%16.7%3.4%0.2%144.7M-2.48B-14.3M0.955.71N/AN/A42,87940,5481,006,327851,167
2016-07-27$56.27$52.5015.4%4.5%24.3%0.6%17.1%3.2%0.4%136.3M-2.18B-14.4M1.013.37N/AN/A41,55042,0951,011,188858,532
2016-07-28$56.21$52.5015.4%4.5%23.8%0.7%16.2%3.2%0.2%132.2M-2.14B-14.3M0.933.53N/AN/A36,15133,6191,020,931869,506
2016-07-29$56.69$52.5014.8%4.3%23.7%0.0%15.6%3.0%0.4%128.1M-2.47B-14.1M0.603.71N/AN/A59,71235,7671,027,933868,013