MSFT Options History — May 2019

In May 2019, MSFT traded between $123.22 and $128.92. ATM implied volatility averaged 21.1%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 1.4% (HV 20d: 22.5%). Max pain ranged from $115.00 to $120.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2019-05-14: Highest Volume — 313,472 contracts
  • 2019-05-07: Largest IV spike — 31.3% change
  • 2019-05-13: Highest IV Rank — 35.2%
  • 2019-05-31: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$126.36$123.22$128.92$128.49$123.69
Max Pain$118.64$115.00$120.00$120.00$120.00
ATM IV21.1%16.6%24.7%16.7%24.4%
Expected Move6.1%4.8%7.0%4.9%7.0%
HV 20d22.5%15.3%25.9%15.3%23.2%
HV 60d17.2%14.5%18.8%14.5%18.8%
IV Rank21.8%5.3%35.2%5.7%33.9%
IV Percentile44.3%11.9%68.3%12.3%67.1%
Term Structure-0.0%-0.9%0.6%0.1%-0.4%
VWIV21.6%17.0%24.9%17.2%24.5%
Skew 25d4.0%2.4%5.0%2.4%5.0%
Skew 10d8.3%4.5%10.8%4.5%10.8%
Call IV 25d19.5%15.6%22.7%15.6%22.7%
Put IV 25d23.5%18.0%27.7%18.0%27.6%
Bid-Ask Spread %3.051.0812.5312.532.04
Gamma HHI0.100.080.170.130.08
Net GEX170.4M92.5M356.1M212.9M92.5M
Net DEX-4.32B-5.92B-2.83B-5.40B-2.99B
Net VEX-32.3M-34.3M-28.6M-28.6M-34.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.200.860.520.65
Total Volume169,134.636104,336313,472207,373164,698
Total OI1,846,893.0911,695,7611,953,7291,695,7611,953,729

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$128.49$120.0016.7%4.9%15.3%5.7%17.2%2.4%0.1%212.9M-5.40B-28.6M0.5212.53N/AN/A136,56270,811887,964807,797
2019-05-02$126.24$120.0018.1%5.4%17.0%10.8%18.7%2.6%0.1%180.6M-4.43B-29.4M0.485.76N/AN/A151,43572,602930,484824,831
2019-05-03$128.92$120.0016.6%4.8%18.0%5.3%17.0%2.5%0.4%356.1M-5.92B-29.8M0.524.33N/AN/A121,74462,926969,619843,380
2019-05-06$128.03$115.0018.4%5.2%18.3%11.7%19.2%3.2%0.4%198.2M-5.11B-30.2M0.641.08N/AN/A81,97152,150913,455824,542
2019-05-07$124.88$115.0024.1%6.7%20.9%32.8%24.4%4.8%-0.3%132.8M-3.64B-32.9M0.752.45N/AN/A144,759108,337929,450843,810
2019-05-08$126.01$115.0022.1%6.4%20.9%25.6%22.6%4.2%-0.1%157.3M-4.18B-33.1M0.631.64N/AN/A74,90947,452961,639877,550
2019-05-09$125.44$115.0022.9%6.5%20.9%28.5%23.4%4.5%-0.3%146.8M-3.93B-33.0M0.862.25N/AN/A99,41585,749971,947886,890
2019-05-10$127.03$115.0020.4%6.1%21.2%19.4%21.4%4.2%0.1%202.2M-4.63B-32.8M0.593.74N/AN/A117,00768,502986,946918,150
2019-05-13$123.22$115.0024.7%6.8%24.2%35.2%24.9%5.0%-0.9%96.7M-2.83B-32.9M0.613.27N/AN/A108,39966,301943,990889,770
2019-05-14$124.99$120.0021.7%6.2%24.7%24.1%24.6%4.3%0.0%150.0M-3.73B-33.0M0.202.33N/AN/A262,04151,431982,561907,401
2019-05-15$125.83$120.0020.4%6.0%24.6%19.2%22.4%4.1%0.6%172.9M-3.97B-32.5M0.661.80N/AN/A100,25266,470962,312917,528
2019-05-16$128.62$120.0018.9%5.4%25.5%13.8%19.8%3.6%-0.2%276.6M-5.51B-31.7M0.513.39N/AN/A125,35264,472968,159930,145
2019-05-17$128.25$120.0020.2%5.7%25.2%18.4%20.9%3.8%-0.5%191.0M-5.16B-32.2M0.542.20N/AN/A123,49966,200966,957944,178
2019-05-20$126.31$120.0022.1%6.3%25.9%25.4%22.0%4.1%0.2%150.2M-4.14B-32.6M0.812.15N/AN/A77,24562,238913,293844,692
2019-05-21$126.87$120.0020.3%5.8%25.5%18.8%20.3%3.8%0.3%164.3M-4.45B-32.3M0.632.26N/AN/A64,59840,555934,963872,134
2019-05-22$128.03$120.0019.9%5.7%25.7%17.3%19.7%3.8%0.3%200.3M-5.09B-31.3M0.541.92N/AN/A67,83436,502952,554886,620
2019-05-23$125.76$120.0023.1%6.6%23.5%29.1%23.5%4.5%0.1%105.6M-3.78B-33.5M0.611.88N/AN/A130,44379,585968,353899,240
2019-05-24$126.26$120.0021.6%6.2%23.6%23.7%21.7%4.1%0.0%106.8M-4.17B-34.0M0.611.96N/AN/A68,55741,8241,005,440922,020
2019-05-28$126.41$120.0022.1%6.4%23.6%25.3%21.8%4.4%-0.2%169.0M-4.33B-33.5M0.512.09N/AN/A75,75338,760979,633887,499
2019-05-29$125.01$120.0023.0%6.7%23.8%28.8%23.4%4.5%-0.0%128.8M-3.64B-33.8M0.582.99N/AN/A83,52848,430996,515899,630
2019-05-30$125.58$120.0022.7%6.4%23.4%27.7%22.3%4.6%-0.1%156.9M-3.97B-33.9M0.743.13N/AN/A63,06746,5971,013,813910,065
2019-05-31$123.69$120.0024.4%7.0%23.2%33.9%24.5%5.0%-0.4%92.5M-2.99B-34.3M0.652.04N/AN/A99,63865,0601,026,536927,193