MSFT Options History — October 2018

In October 2018, MSFT traded between $102.06 and $115.27. ATM implied volatility averaged 29.1%, placing in the 67.7% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 4.2% (HV 20d: 24.8%). Max pain ranged from $100.00 to $106.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 0.69.

Notable Days

  • 2018-10-25: Highest Volume — 430,580 contracts
  • 2018-10-25: Largest IV drop — 24.8% change
  • 2018-10-24: Highest IV Rank — 100.0%
  • 2018-10-29: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.39$102.06$115.27$115.27$107.37
Max Pain$103.78$100.00$106.00$105.00$105.00
ATM IV29.1%21.9%36.5%22.1%27.8%
Expected Move8.5%4.9%12.0%4.9%8.9%
HV 20d24.8%13.7%39.4%18.1%39.4%
HV 60d20.5%17.5%25.9%17.5%25.9%
IV Rank67.7%36.5%100.0%37.8%62.0%
IV Percentile89.2%66.3%100.0%70.2%84.1%
Term Structure-0.9%-2.2%0.1%-0.2%-0.3%
VWIV29.5%17.0%40.7%17.5%31.2%
Skew 25d4.4%2.2%7.2%2.2%5.4%
Skew 10d9.4%4.7%16.1%4.7%11.5%
Call IV 25d27.2%21.0%34.6%21.1%25.9%
Put IV 25d31.6%23.3%39.8%23.3%31.2%
Bid-Ask Spread %5.543.787.915.485.39
Gamma HHI0.100.060.160.160.09
Net GEX123.4M23.1M197.8M193.5M122.6M
Net DEX-3.74B-6.07B-1.06B-6.07B-3.17B
Net VEX-24.7M-27.4M-20.6M-20.6M-26.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.521.110.810.67
Total Volume204,097.78393,463430,580137,194210,461
Total OI1,835,382.6961,618,7712,025,0021,618,7711,969,646

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-10-01$115.27$105.0022.1%4.9%18.1%37.8%17.5%2.2%-0.2%193.5M-6.07B-20.6M0.815.48N/AN/A75,98361,211887,382731,389
2018-10-02$115.25$105.0022.9%5.4%18.0%40.8%19.0%2.3%-0.2%189.9M-6.01B-21.6M0.776.28N/AN/A52,75140,712907,511752,917
2018-10-03$115.18$105.0021.9%4.9%13.7%36.5%17.0%2.4%-0.2%197.8M-5.96B-22.0M0.535.72N/AN/A62,85233,501919,966763,974
2018-10-04$112.39$100.0025.2%7.1%16.8%51.0%24.9%2.8%-0.4%117.7M-4.67B-22.8M0.604.41N/AN/A150,17990,282927,986772,726
2018-10-05$112.22$100.0025.8%7.3%16.5%53.4%25.5%3.2%-0.6%154.8M-4.71B-24.0M0.834.62N/AN/A102,02584,246977,290797,673
2018-10-08$111.05$100.0026.4%7.4%16.7%56.3%25.5%3.3%-0.4%135.5M-4.26B-23.8M0.526.79N/AN/A98,86951,656964,713785,574
2018-10-09$112.38$100.0026.5%7.6%16.0%56.7%25.5%3.4%0.1%187.3M-4.98B-23.5M0.564.05N/AN/A77,10342,850992,212801,007
2018-10-10$106.99$100.0030.9%8.7%23.7%75.9%29.0%4.0%-0.4%72.0M-2.56B-24.7M0.575.97N/AN/A161,83692,4391,001,978811,698
2018-10-11$106.72$100.0033.5%9.6%23.5%87.3%32.8%3.3%-0.1%76.8M-2.52B-25.5M0.606.29N/AN/A174,605104,0541,048,644829,347
2018-10-12$109.20$105.0030.7%8.5%25.0%74.9%29.9%4.6%-1.7%128.5M-3.61B-25.1M0.754.61N/AN/A126,41794,5951,064,671853,645
2018-10-15$108.31$105.0030.2%8.5%24.8%72.7%30.2%5.3%-0.9%104.8M-3.27B-24.6M0.725.11N/AN/A65,62746,9951,024,680832,499
2018-10-16$110.94$105.0028.0%8.0%25.9%63.3%27.4%4.5%-1.7%168.1M-4.54B-24.4M0.534.91N/AN/A106,79756,1511,042,765843,886
2018-10-17$110.71$105.0029.6%8.5%25.5%70.2%29.6%4.6%-2.1%163.6M-4.42B-24.8M0.524.90N/AN/A76,80039,9621,057,105854,817
2018-10-18$108.63$105.0031.7%9.2%25.4%79.5%31.7%5.5%-1.7%103.2M-3.39B-25.7M0.746.41N/AN/A99,06073,6451,073,662858,021
2018-10-19$108.97$105.0029.8%8.7%25.5%71.2%31.1%5.6%-1.7%86.9M-3.52B-24.9M0.817.19N/AN/A98,76980,0381,101,537876,854
2018-10-22$110.03$105.0029.9%9.1%25.5%71.5%31.7%5.3%-1.0%132.3M-3.83B-25.5M0.813.78N/AN/A72,54458,989941,949755,309
2018-10-23$108.37$105.0031.9%9.9%25.9%80.4%34.6%5.3%-1.3%110.6M-3.27B-25.4M0.614.84N/AN/A151,34192,079958,896773,816
2018-10-24$104.68$105.0036.5%11.6%28.2%100.0%40.4%4.0%-2.2%70.7M-2.06B-26.4M0.677.91N/AN/A240,205160,4531,006,662811,741
2018-10-25$108.96$105.0027.5%8.4%32.4%60.7%30.5%4.5%-0.6%183.3M-3.94B-26.2M0.644.34N/AN/A262,095168,4851,102,782893,561
2018-10-26$106.74$105.0030.7%9.7%33.0%74.5%35.2%6.3%-1.2%85.8M-2.68B-27.4M1.115.67N/AN/A138,841153,9911,099,454925,548
2018-10-29$102.06$106.0035.9%12.0%35.8%97.0%40.7%6.9%-0.8%23.1M-1.06B-26.7M0.846.76N/AN/A117,88698,6191,014,602871,785
2018-10-30$103.46$106.0032.7%10.6%36.4%83.3%37.8%7.2%-0.6%30.3M-1.43B-26.3M0.786.00N/AN/A138,193108,0571,035,755894,167
2018-10-31$107.37$105.0027.8%8.9%39.4%62.0%31.2%5.4%-0.3%122.6M-3.17B-26.7M0.675.39N/AN/A126,17984,2821,056,530913,116