MSFT Options History — June 2019

In June 2019, MSFT traded between $119.62 and $137.86. ATM implied volatility averaged 22.6%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 3.0% (HV 20d: 25.6%). Max pain ranged from $120.00 to $125.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.67.

Notable Days

  • 2019-06-07: Highest Volume — 315,848 contracts
  • 2019-06-04: Largest IV drop — 13.5% change
  • 2019-06-03: Highest IV Rank — 44.4%
  • 2019-06-03: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$131.91$119.62$137.86$119.62$133.28
Max Pain$121.50$120.00$125.00$120.00$125.00
ATM IV22.6%20.6%27.3%27.3%24.6%
Expected Move6.6%6.1%8.1%8.1%6.7%
HV 20d25.6%23.0%28.7%24.4%25.7%
HV 60d21.2%19.9%22.1%19.9%22.1%
IV Rank27.4%19.8%44.4%44.4%34.6%
IV Percentile49.8%34.9%76.6%76.6%67.9%
Term Structure0.8%-0.7%3.1%-0.1%-0.5%
VWIV23.4%20.9%28.2%28.2%23.3%
Skew 25d3.9%3.4%5.7%5.7%3.8%
Skew 10d8.1%6.8%11.3%11.3%7.4%
Call IV 25d20.9%18.5%25.0%25.0%23.1%
Put IV 25d24.9%21.9%30.7%30.7%26.9%
Bid-Ask Spread %2.771.345.312.053.17
Gamma HHI0.110.070.140.070.10
Net GEX224.6M62.7M356.3M62.7M138.1M
Net DEX-6.26B-9.39B-1.37B-1.37B-4.69B
Net VEX-32.1M-34.5M-29.3M-33.6M-32.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.520.890.780.62
Total Volume169,536.496,096315,848203,506142,222
Total OI1,988,565.551,668,3932,208,5841,908,7921,859,926

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$119.62$120.0027.3%8.1%24.4%44.4%28.2%5.7%-0.1%62.7M-1.37B-33.6M0.782.05N/AN/A114,21589,2911,004,522904,270
2019-06-04$122.59$120.0023.6%6.7%26.3%30.9%24.4%4.8%0.1%105.8M-2.63B-33.9M0.581.40N/AN/A99,50557,5081,019,531932,238
2019-06-05$125.48$120.0023.5%6.7%26.3%30.5%23.4%4.6%-0.0%181.5M-4.19B-34.5M0.561.59N/AN/A88,70149,6591,043,842941,802
2019-06-06$127.59$120.0021.7%6.7%26.8%24.0%24.9%4.3%0.1%237.3M-5.34B-34.0M0.892.53N/AN/A75,24967,0421,052,256952,629
2019-06-07$131.49$120.0021.2%6.7%28.7%22.0%23.7%3.8%0.1%272.3M-7.34B-32.0M0.623.07N/AN/A194,632121,2161,060,810977,594
2019-06-10$132.51$120.0021.3%6.5%28.5%22.5%23.6%3.6%1.6%254.8M-7.35B-31.4M0.522.14N/AN/A135,99270,7911,034,795970,361
2019-06-11$131.96$120.0021.4%6.8%25.9%22.9%23.9%3.7%2.4%252.7M-7.06B-31.8M0.663.05N/AN/A105,83769,9301,063,322990,395
2019-06-12$131.35$120.0021.5%6.8%25.8%23.2%24.0%3.8%2.4%233.9M-6.64B-32.8M0.695.31N/AN/A64,58444,6311,078,6041,011,965
2019-06-13$132.00$120.0021.0%6.7%25.7%21.4%22.7%3.5%3.1%264.7M-7.01B-32.6M0.592.67N/AN/A60,40035,6961,092,4741,021,419
2019-06-14$132.83$120.0020.6%6.3%24.7%19.8%22.8%3.4%2.0%356.3M-7.57B-31.1M0.793.78N/AN/A75,13959,4251,102,1941,030,160
2019-06-17$132.90$120.0021.5%6.3%24.7%23.4%24.2%3.7%2.0%276.2M-7.29B-30.6M0.874.45N/AN/A51,72844,8871,050,2911,008,927
2019-06-18$135.11$120.0021.6%6.3%24.3%23.7%22.9%3.6%1.8%311.3M-8.32B-30.6M0.593.23N/AN/A112,13566,2761,061,1671,022,682
2019-06-19$135.81$120.0021.5%6.2%24.4%23.1%21.7%3.6%1.1%305.8M-8.54B-30.5M0.561.92N/AN/A93,61151,9891,069,7781,043,980
2019-06-20$137.00$120.0021.6%6.2%24.3%23.8%21.2%3.8%0.9%297.2M-9.19B-29.3M0.553.16N/AN/A156,98786,3611,090,0231,055,338
2019-06-21$137.21$125.0021.5%6.1%23.0%23.2%20.9%3.7%1.1%233.1M-9.39B-30.1M0.591.34N/AN/A124,14473,8561,123,5241,085,060
2019-06-24$137.86$125.0022.6%6.1%23.0%27.3%22.2%3.6%-0.5%196.1M-6.49B-31.0M0.801.61N/AN/A74,07259,424877,643790,750
2019-06-25$133.25$125.0025.3%7.0%26.8%37.3%24.7%4.1%-0.7%147.6M-4.63B-32.0M0.572.97N/AN/A178,864101,431902,287819,881
2019-06-26$134.11$125.0024.9%6.7%26.3%35.7%22.5%3.9%-0.7%181.4M-5.10B-33.3M0.662.74N/AN/A109,23572,032949,699844,169
2019-06-27$134.28$125.0024.5%6.7%26.3%34.2%23.3%3.7%-0.6%184.1M-5.13B-33.5M0.843.14N/AN/A60,76251,269963,397867,606
2019-06-28$133.28$125.0024.6%6.7%25.7%34.6%23.3%3.8%-0.5%138.1M-4.69B-32.5M0.623.17N/AN/A87,96654,256974,351885,575