MSFT Options History — February 2019

In February 2019, MSFT traded between $102.84 and $112.48. ATM implied volatility averaged 19.9%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 3.7% (HV 20d: 23.7%). Max pain ranged from $105.00 to $105.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.67.

Notable Days

  • 2019-02-01: Highest Volume — 216,207 contracts
  • 2019-02-15: Largest IV drop — 8.7% change
  • 2019-02-01: Highest IV Rank — 25.0%
  • 2019-02-07: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.86$102.84$112.48$102.84$112.12
Max Pain$105.00$105.00$105.00$105.00$105.00
ATM IV19.9%18.1%22.0%22.0%19.4%
Expected Move5.7%5.1%6.3%6.2%5.4%
HV 20d23.7%18.0%26.9%26.9%18.0%
HV 60d30.3%28.1%32.8%32.4%28.1%
IV Rank17.4%10.9%25.0%25.0%15.6%
IV Percentile29.1%18.3%42.9%42.5%27.0%
Term Structure0.1%-0.8%1.1%0.2%0.5%
VWIV20.3%18.4%22.3%22.2%18.5%
Skew 25d3.3%3.0%3.9%3.4%3.1%
Skew 10d6.9%5.9%8.1%7.2%5.9%
Call IV 25d18.5%16.9%20.6%20.6%17.9%
Put IV 25d21.8%20.1%24.1%24.1%21.0%
Bid-Ask Spread %4.693.955.904.864.91
Gamma HHI0.140.080.460.160.14
Net GEX140.1M-57.5M454.9M-57.5M168.3M
Net DEX-1.84B-3.10B-19.3M-19.3M-3.01B
Net VEX-22.1M-23.1M-21.2M-21.2M-23.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.490.880.770.58
Total Volume127,437.05378,347216,207216,207107,729
Total OI1,382,022.3681,214,4061,533,4101,533,4101,387,394

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$102.84$105.0022.0%6.2%26.9%25.0%22.2%3.4%0.2%-57.5M-19.3M-21.2M0.774.86N/AN/A122,30093,907847,090686,320
2019-02-04$105.41$105.0020.9%6.0%24.9%21.1%21.8%3.4%0.2%112.2M-1.27B-21.8M0.563.95N/AN/A98,27155,353764,106615,545
2019-02-05$107.08$105.0019.7%5.9%25.3%16.7%20.1%3.2%1.0%165.3M-1.92B-21.9M0.713.95N/AN/A96,40768,471774,266633,184
2019-02-06$106.17$105.0020.1%5.9%25.6%18.0%20.9%3.0%0.7%132.9M-1.52B-22.1M0.704.27N/AN/A56,84039,587787,043647,393
2019-02-07$105.35$105.0021.6%6.3%25.4%23.6%22.3%3.3%0.1%97.1M-1.16B-22.2M0.834.20N/AN/A67,23655,675801,915655,427
2019-02-08$105.13$105.0021.4%6.1%25.3%22.8%21.9%3.3%-0.0%88.9M-1.03B-22.3M0.864.37N/AN/A46,15039,537809,005670,339
2019-02-11$105.35$105.0021.8%6.2%25.0%24.3%22.1%3.6%-0.3%78.8M-1.08B-21.7M0.534.94N/AN/A51,27127,076756,744638,120
2019-02-12$106.69$105.0020.5%5.9%25.2%19.5%20.6%3.7%-0.8%129.7M-1.66B-21.7M0.634.52N/AN/A65,02441,236770,792643,836
2019-02-13$107.01$105.0020.1%5.8%23.5%18.2%20.2%3.4%-0.4%138.8M-1.75B-21.6M0.604.85N/AN/A57,93934,683772,288652,072
2019-02-14$107.03$105.0020.6%5.9%23.4%19.9%20.5%3.4%-0.8%148.0M-1.76B-21.7M0.734.61N/AN/A52,91738,889781,256661,499
2019-02-15$108.10$105.0018.8%5.3%23.6%13.3%20.0%3.9%1.1%454.9M-2.29B-21.8M0.534.48N/AN/A93,03549,140783,659668,190
2019-02-19$108.23$105.0019.1%5.4%23.0%14.4%20.0%3.2%0.3%115.8M-1.67B-21.6M0.494.16N/AN/A71,12035,077652,276562,130
2019-02-20$107.06$105.0019.1%5.5%22.3%14.4%19.2%3.1%0.2%89.1M-1.24B-21.6M0.625.90N/AN/A64,84540,132660,480581,235
2019-02-21$109.12$105.0019.6%5.6%23.0%16.2%20.2%3.2%0.1%156.5M-2.01B-22.1M0.775.07N/AN/A120,76993,165675,634596,296
2019-02-22$110.55$105.0018.2%5.1%23.3%11.1%18.6%3.3%0.2%152.2M-2.72B-22.6M0.684.97N/AN/A106,61173,022706,162625,158
2019-02-25$111.74$105.0018.1%5.1%23.4%10.9%18.7%3.2%0.1%164.7M-2.90B-22.4M0.664.93N/AN/A69,81646,262686,744612,001
2019-02-26$112.48$105.0018.7%5.3%22.1%13.1%18.4%3.4%0.0%168.7M-3.10B-22.7M0.885.18N/AN/A72,37563,535701,297629,103
2019-02-27$111.94$105.0018.7%5.3%20.5%13.1%18.6%3.2%0.4%157.9M-2.86B-22.8M0.585.07N/AN/A66,97338,929713,218649,208
2019-02-28$112.12$105.0019.4%5.4%18.0%15.6%18.5%3.1%0.5%168.3M-3.01B-23.1M0.584.91N/AN/A68,38839,341729,653657,741