MSFT Options History — August 2017

In August 2017, MSFT traded between $71.51 and $74.81. ATM implied volatility averaged 15.6%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 2.2% (HV 20d: 13.4%). Max pain ranged from $70.00 to $72.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.96.

Notable Days

  • 2017-08-14: Highest Volume — 120,896 contracts
  • 2017-08-10: Largest IV spike — 15.4% change
  • 2017-08-10: Highest IV Rank — 42.3%
  • 2017-08-11: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$72.82$71.51$74.81$72.55$74.81
Max Pain$71.63$70.00$72.50$72.50$72.50
ATM IV15.6%14.0%18.0%15.2%14.0%
Expected Move4.5%3.8%5.1%4.5%3.8%
HV 20d13.4%12.2%15.3%15.3%13.9%
HV 60d16.3%15.6%16.7%16.6%16.0%
IV Rank27.7%17.8%42.3%25.0%17.8%
IV Percentile36.1%14.7%56.7%36.1%14.7%
Term Structure0.2%-0.7%0.7%0.1%0.3%
VWIV16.3%14.1%19.2%16.1%14.1%
Skew 25d2.9%2.3%3.5%2.6%2.8%
Skew 10d5.9%4.4%8.1%5.2%5.6%
Call IV 25d14.6%13.1%17.1%14.4%13.1%
Put IV 25d17.5%15.9%20.5%17.0%15.9%
Bid-Ask Spread %2.671.609.392.632.84
Gamma HHI0.140.110.170.140.17
Net GEX127.5M75.5M208.7M123.9M208.7M
Net DEX-2.00B-3.13B-1.35B-1.99B-3.13B
Net VEX-18.2M-18.8M-17.4M-18.2M-17.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.291.461.370.81
Total Volume82,618.78343,951120,89676,46999,206
Total OI1,804,670.871,693,3131,886,0391,795,5941,816,109

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-08-01$72.55$72.5015.2%4.5%15.3%25.0%16.1%2.6%0.1%123.9M-1.99B-18.2M1.372.63N/AN/A32,24044,229969,439826,155
2017-08-02$72.06$72.5015.6%4.6%15.1%27.2%16.5%2.5%-0.0%104.8M-1.73B-18.3M0.922.05N/AN/A46,55142,773979,082833,863
2017-08-03$72.10$70.0015.3%4.5%14.5%25.6%16.2%2.5%0.1%106.5M-1.76B-18.3M0.969.39N/AN/A34,78633,250987,907839,286
2017-08-04$72.52$70.0014.4%4.3%13.9%20.3%16.3%2.3%0.2%107.5M-1.93B-18.5M0.682.31N/AN/A71,79148,631995,767847,643
2017-08-07$72.45$70.0014.7%4.4%13.6%21.8%16.2%2.3%0.7%115.4M-1.88B-18.2M1.131.63N/AN/A29,92033,932965,536830,760
2017-08-08$72.70$70.0015.6%4.6%13.6%27.6%16.4%2.4%0.5%127.4M-2.03B-18.3M0.721.85N/AN/A45,31832,573975,360837,679
2017-08-09$72.34$70.0015.6%4.7%12.7%27.7%17.1%2.6%0.6%109.2M-1.81B-18.3M0.741.81N/AN/A38,96128,977977,016847,756
2017-08-10$71.51$70.0018.0%5.1%13.2%42.3%19.2%3.4%-0.3%75.5M-1.35B-18.8M1.463.68N/AN/A38,51056,065987,902853,235
2017-08-11$72.59$70.0017.6%5.1%12.2%39.6%18.7%3.4%0.4%122.7M-1.93B-18.7M1.081.69N/AN/A50,50754,783992,529871,146
2017-08-14$73.52$70.0015.8%4.6%13.1%28.7%17.3%3.4%-0.7%155.3M-2.37B-17.9M0.291.60N/AN/A93,38927,507977,124870,934
2017-08-15$73.38$72.5016.4%4.8%13.0%32.6%16.7%2.9%-0.3%132.0M-2.15B-18.0M0.841.66N/AN/A40,97234,516938,866875,811
2017-08-16$73.62$72.5016.1%4.6%12.4%30.4%16.0%3.3%-0.4%150.1M-2.26B-17.8M0.661.95N/AN/A49,40832,554945,256882,013
2017-08-17$72.60$72.5017.5%5.0%13.2%39.1%19.1%3.5%0.2%89.5M-1.72B-18.4M1.363.10N/AN/A44,34460,287953,950892,172
2017-08-18$72.76$72.5016.6%4.8%12.6%33.7%17.4%3.4%-0.2%99.2M-1.81B-18.3M0.842.59N/AN/A46,58438,906969,082916,957
2017-08-21$72.03$72.5016.8%4.7%12.9%35.0%16.6%3.1%0.2%87.0M-1.59B-18.2M1.052.70N/AN/A47,97550,487861,895831,418
2017-08-22$73.20$72.5015.2%4.2%13.9%24.8%14.5%2.7%0.4%137.9M-2.18B-18.1M0.752.38N/AN/A35,34926,664883,420864,857
2017-08-23$72.89$72.5015.8%4.4%13.9%28.4%16.2%3.0%0.4%132.0M-2.02B-18.4M1.133.17N/AN/A29,30833,200898,517844,738
2017-08-24$72.68$72.5015.3%4.2%13.0%25.5%14.7%2.8%0.4%124.9M-1.89B-18.3M1.072.30N/AN/A32,18234,479907,070856,453
2017-08-25$72.99$72.5014.4%3.9%13.0%20.2%14.4%2.8%0.5%185.3M-2.06B-18.3M0.992.39N/AN/A37,94037,496918,746869,215
2017-08-28$72.74$72.5014.9%4.0%13.0%23.1%14.8%2.8%0.4%123.0M-1.91B-17.8M1.222.97N/AN/A19,80624,145896,829863,162
2017-08-29$73.06$72.5014.6%4.0%13.1%21.2%15.2%2.7%0.3%142.8M-2.09B-17.8M1.272.14N/AN/A25,42632,367901,715867,395
2017-08-30$73.85$72.5014.2%3.9%13.3%19.2%14.3%2.7%0.5%171.0M-2.48B-17.8M0.822.57N/AN/A56,01445,924908,780876,885
2017-08-31$74.81$72.5014.0%3.8%13.9%17.8%14.1%2.8%0.3%208.7M-3.13B-17.4M0.812.84N/AN/A54,80944,397924,278891,831