MSFT Options History — April 2019

In April 2019, MSFT traded between $118.97 and $130.33. ATM implied volatility averaged 21.6%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 8.7% (HV 20d: 13.0%). Max pain ranged from $115.00 to $120.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2019-04-25: Highest Volume — 443,199 contracts
  • 2019-04-25: Largest IV drop — 24.4% change
  • 2019-04-04: Highest IV Rank — 31.8%
  • 2019-04-24: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$122.74$118.97$130.33$118.97$130.33
Max Pain$115.86$115.00$120.00$115.00$120.00
ATM IV21.6%16.2%23.8%22.9%16.2%
Expected Move6.1%4.7%7.0%6.2%4.7%
HV 20d13.0%8.9%15.5%15.5%13.7%
HV 60d17.2%14.7%19.7%19.7%14.7%
IV Rank23.7%3.7%31.8%28.2%3.7%
IV Percentile46.6%6.3%60.3%55.6%6.3%
Term Structure-0.7%-1.9%0.3%-0.5%0.3%
VWIV21.8%16.9%25.0%22.7%16.9%
Skew 25d3.4%2.2%4.3%4.2%2.2%
Skew 10d7.1%4.6%8.9%8.6%5.1%
Call IV 25d20.1%15.3%21.9%21.4%15.3%
Put IV 25d23.5%17.5%26.0%25.6%17.5%
Bid-Ask Spread %4.971.2110.345.329.60
Gamma HHI0.170.110.340.130.13
Net GEX224.6M170.4M386.7M200.2M248.2M
Net DEX-5.11B-7.33B-4.13B-4.26B-6.26B
Net VEX-26.7M-27.7M-25.9M-26.5M-26.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.280.940.890.56
Total Volume159,498.57178,626443,199176,235186,773
Total OI1,661,451.7621,457,2031,774,5661,588,5191,634,845

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$118.97$115.0022.9%6.2%15.5%28.2%22.7%4.2%-0.5%200.2M-4.26B-26.5M0.895.32N/AN/A93,03283,203816,626771,893
2019-04-02$119.33$115.0023.3%6.2%15.4%29.8%23.2%4.2%-0.9%188.1M-4.40B-26.5M0.945.66N/AN/A41,40539,057822,461806,978
2019-04-03$119.67$115.0023.3%6.4%15.3%29.8%23.0%4.3%-0.7%195.5M-4.48B-26.9M0.544.28N/AN/A73,93339,933832,542817,133
2019-04-04$119.10$115.0023.8%6.3%14.4%31.8%22.4%4.1%-1.0%170.8M-4.27B-26.2M0.665.78N/AN/A81,93054,089840,860828,338
2019-04-05$119.90$115.0023.1%6.3%14.4%29.1%22.3%3.9%-1.0%300.0M-4.68B-26.7M0.577.03N/AN/A70,11440,109862,290838,656
2019-04-08$119.90$115.0023.4%6.4%13.0%30.1%21.9%3.9%-0.8%181.2M-4.48B-26.5M0.687.53N/AN/A46,78231,844826,168822,005
2019-04-09$119.28$115.0023.5%6.4%13.2%30.5%23.1%4.1%-0.9%170.4M-4.13B-26.9M0.515.18N/AN/A61,68431,231836,960833,249
2019-04-10$120.15$115.0022.8%6.4%13.1%28.1%22.8%4.1%-0.7%205.6M-4.59B-26.7M0.764.89N/AN/A50,30338,220845,172847,669
2019-04-11$120.06$115.0022.8%6.4%13.1%28.0%22.5%4.0%-0.7%199.5M-4.53B-26.7M0.652.32N/AN/A53,75235,051853,585860,080
2019-04-12$120.76$115.0022.2%6.3%12.4%26.0%22.2%3.6%-0.4%217.9M-4.97B-26.5M0.281.34N/AN/A123,65934,694860,470868,704
2019-04-15$121.16$115.0022.9%6.5%12.2%28.3%22.9%3.8%-1.3%225.6M-5.10B-27.2M0.552.46N/AN/A55,50530,450873,345837,801
2019-04-16$120.48$115.0022.1%6.3%12.4%25.4%21.3%3.4%-1.0%220.8M-4.78B-27.1M0.451.59N/AN/A75,46034,282880,899844,715
2019-04-17$121.58$115.0022.3%6.4%12.5%26.0%22.5%3.6%-1.9%252.4M-5.33B-26.8M0.712.20N/AN/A61,37743,749896,722855,469
2019-04-18$123.33$115.0021.2%6.1%12.3%22.2%21.9%2.9%-0.2%175.1M-6.10B-26.9M0.511.21N/AN/A184,02394,580902,734871,832
2019-04-22$123.58$115.0022.2%6.6%8.9%26.0%24.1%2.9%-1.0%185.8M-4.35B-27.3M0.462.81N/AN/A83,50038,368756,154701,049
2019-04-23$125.24$115.0022.5%6.8%9.7%26.8%23.7%2.9%-1.2%197.7M-4.97B-27.4M0.344.17N/AN/A210,98570,753787,422720,416
2019-04-24$125.31$115.0023.0%7.0%9.2%28.9%25.0%2.5%-1.4%221.5M-5.15B-27.7M0.605.48N/AN/A184,857111,810842,255750,120
2019-04-25$129.56$118.0017.4%5.0%13.8%8.3%18.9%2.4%-0.4%345.3M-7.33B-25.9M0.516.59N/AN/A292,869150,330910,488795,612
2019-04-26$129.78$120.0016.6%4.8%13.8%5.2%17.3%2.4%-0.1%386.7M-6.94B-26.2M0.4210.34N/AN/A138,77158,406909,131831,273
2019-04-29$130.03$120.0016.8%4.9%13.9%5.9%17.5%2.4%0.2%227.4M-6.10B-26.5M0.538.56N/AN/A77,71440,883832,840763,526
2019-04-30$130.33$120.0016.2%4.7%13.7%3.7%16.9%2.2%0.3%248.2M-6.26B-26.1M0.569.60N/AN/A119,57567,198856,405778,440