MSFT Options History — August 2018

In August 2018, MSFT traded between $106.15 and $112.09. ATM implied volatility averaged 16.4%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 1.8% (HV 20d: 18.2%). Max pain ranged from $92.50 to $105.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.60.

Notable Days

  • 2018-08-14: Highest Volume — 261,319 contracts
  • 2018-08-15: Largest IV spike — 8.9% change
  • 2018-08-01: Highest IV Rank — 27.9%
  • 2018-08-01: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.66$106.15$112.09$106.17$112.09
Max Pain$98.59$92.50$105.00$105.00$103.00
ATM IV16.4%15.2%19.9%19.9%17.2%
Expected Move4.8%4.4%5.9%5.9%4.8%
HV 20d18.2%13.0%21.4%21.2%13.0%
HV 60d16.4%15.9%16.9%16.2%16.4%
IV Rank12.7%7.3%27.9%27.9%16.3%
IV Percentile28.1%15.1%50.4%50.4%36.5%
Term Structure0.3%-0.3%0.6%-0.3%0.3%
VWIV17.4%15.0%21.8%21.8%17.0%
Skew 25d1.9%1.4%2.4%1.9%1.6%
Skew 10d4.0%3.1%5.1%4.3%3.5%
Call IV 25d15.9%14.4%19.3%19.3%16.6%
Put IV 25d17.8%16.5%21.2%21.2%18.2%
Bid-Ask Spread %3.461.815.314.683.50
Gamma HHI0.180.140.260.150.15
Net GEX207.6M77.4M275.5M189.9M238.5M
Net DEX-5.28B-6.69B-3.66B-4.45B-6.69B
Net VEX-22.8M-24.4M-21.4M-23.5M-22.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.240.940.330.60
Total Volume131,331.78382,159261,319212,673125,148
Total OI1,828,804.9131,698,9701,927,0321,824,2011,877,556

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$106.17$105.0019.9%5.9%21.2%27.9%21.8%1.9%-0.3%189.9M-4.45B-23.5M0.334.68N/AN/A160,41152,2621,023,518800,683
2018-08-02$107.58$105.0018.6%5.4%21.4%22.1%19.4%1.8%-0.2%241.9M-5.53B-24.4M0.512.62N/AN/A135,99168,9791,075,350816,817
2018-08-03$107.74$105.0017.2%5.1%21.2%16.0%17.9%1.7%0.0%228.8M-5.60B-23.9M0.552.26N/AN/A65,18535,8471,083,045843,987
2018-08-06$108.06$92.5016.4%4.9%21.1%12.6%18.3%1.6%0.5%218.0M-5.51B-23.8M0.581.81N/AN/A52,04630,1131,027,482801,109
2018-08-07$108.84$92.5015.8%4.8%21.2%10.2%17.1%1.7%0.6%242.0M-6.02B-22.8M0.742.90N/AN/A61,57045,7141,035,880808,705
2018-08-08$109.63$92.5015.2%4.7%21.2%7.5%16.8%1.7%0.5%275.5M-6.47B-22.5M0.601.91N/AN/A57,21434,3161,049,699822,910
2018-08-09$109.81$92.5015.2%4.7%20.2%7.3%16.9%1.7%0.5%274.0M-6.46B-22.7M0.743.44N/AN/A62,97446,5091,046,512834,284
2018-08-10$109.02$92.5016.4%4.9%20.1%12.9%17.8%2.0%0.4%239.6M-5.95B-23.1M0.722.47N/AN/A70,91950,9311,057,350844,226
2018-08-13$108.38$92.5017.0%4.9%20.2%15.4%17.8%2.0%-0.0%179.9M-5.37B-22.7M0.583.75N/AN/A64,27537,0621,025,394825,286
2018-08-14$109.69$92.5015.8%4.7%19.9%10.1%19.9%2.1%0.5%216.6M-6.01B-22.0M0.243.12N/AN/A210,82350,4961,025,947835,942
2018-08-15$107.56$100.0017.2%5.0%20.6%16.2%18.5%2.4%0.4%99.1M-3.93B-22.8M0.824.63N/AN/A99,21480,947931,292851,550
2018-08-16$107.55$100.0016.6%4.9%20.4%13.5%18.6%2.0%0.4%77.4M-3.97B-23.2M0.792.90N/AN/A63,03049,509965,108883,094
2018-08-17$107.67$100.0015.4%4.5%19.4%8.4%16.5%1.9%0.6%144.8M-4.19B-23.0M0.944.25N/AN/A69,37464,953978,535899,505
2018-08-20$107.03$100.0016.1%4.7%18.8%11.6%16.9%2.2%0.3%138.0M-3.98B-22.9M0.513.90N/AN/A77,58639,255914,743784,227
2018-08-21$106.15$100.0016.3%4.7%19.0%12.3%16.3%1.8%0.1%121.3M-3.66B-22.5M0.443.27N/AN/A74,12432,259933,572793,168
2018-08-22$107.21$100.0016.0%4.6%16.2%11.0%15.8%2.3%0.2%170.5M-4.15B-23.0M0.524.37N/AN/A61,97732,258958,061801,517
2018-08-23$107.74$100.0015.8%4.5%16.1%10.2%16.3%2.4%0.1%207.1M-4.50B-22.9M0.623.87N/AN/A69,40143,360968,428807,746
2018-08-24$108.15$100.0015.3%4.4%14.6%7.7%15.0%2.1%0.2%248.8M-4.76B-22.8M0.573.78N/AN/A67,29738,448980,710822,191
2018-08-27$109.40$100.0015.3%4.4%13.0%8.1%15.6%1.9%0.6%226.4M-5.35B-22.0M0.564.20N/AN/A65,01736,300958,535803,360
2018-08-28$110.25$100.0015.6%4.5%13.0%9.0%16.2%2.0%0.5%260.3M-5.79B-22.4M0.733.56N/AN/A66,98748,898974,720820,452
2018-08-29$111.75$100.0015.9%4.6%13.6%10.5%16.3%1.6%0.3%263.5M-6.57B-21.4M0.503.03N/AN/A116,82958,757978,220839,661
2018-08-30$111.69$102.0017.1%4.9%13.0%15.8%17.6%1.4%0.3%273.9M-6.45B-22.1M0.565.31N/AN/A93,40852,658996,430856,006
2018-08-31$112.09$103.0017.2%4.8%13.0%16.3%17.0%1.6%0.3%238.5M-6.69B-22.3M0.603.50N/AN/A78,17946,9691,006,750870,806