MSFT Options History — July 2019

In July 2019, MSFT traded between $135.46 and $141.53. ATM implied volatility averaged 20.4%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 4.3% (HV 20d: 16.1%). Max pain ranged from $125.00 to $135.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.63.

Notable Days

  • 2019-07-19: Highest Volume — 628,688 contracts
  • 2019-07-19: Largest IV drop — 21.2% change
  • 2019-07-17: Highest IV Rank — 34.1%
  • 2019-07-17: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$138.08$135.46$141.53$135.46$136.89
Max Pain$131.36$125.00$135.00$125.00$135.00
ATM IV20.4%15.7%24.5%22.7%19.7%
Expected Move5.8%4.5%7.0%6.2%5.8%
HV 20d16.1%10.5%22.0%22.0%14.2%
HV 60d21.9%20.6%22.3%22.3%21.3%
IV Rank19.4%1.9%34.1%27.6%16.7%
IV Percentile36.3%2.4%68.3%54.0%27.0%
Term Structure-0.4%-1.5%0.3%-0.6%-0.3%
VWIV20.5%16.4%24.4%21.3%20.3%
Skew 25d3.1%2.5%3.8%3.6%3.3%
Skew 10d6.4%4.8%7.6%7.5%7.6%
Call IV 25d19.0%14.7%22.9%20.7%18.4%
Put IV 25d22.1%17.2%25.8%24.3%21.7%
Bid-Ask Spread %3.761.745.062.573.88
Gamma HHI0.110.090.160.110.10
Net GEX248.2M119.1M349.9M190.7M119.1M
Net DEX-6.30B-7.37B-4.19B-5.63B-4.19B
Net VEX-31.2M-32.4M-29.5M-32.3M-32.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.450.820.820.45
Total Volume189,019.59180,845628,688134,801237,660
Total OI1,886,643.9091,715,3232,237,4461,801,6201,838,039

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$135.46$125.0022.7%6.2%22.0%27.6%21.3%3.6%-0.6%190.7M-5.63B-32.3M0.822.57N/AN/A73,88760,914945,261856,359
2019-07-02$136.35$126.0021.8%6.0%20.9%24.2%20.6%3.4%-0.3%217.9M-6.11B-30.9M0.761.75N/AN/A45,97234,873961,025878,132
2019-07-03$137.31$129.0021.7%6.0%19.8%23.9%21.1%3.4%-0.3%252.7M-6.53B-31.5M0.763.49N/AN/A47,59035,967970,875886,748
2019-07-05$137.12$130.0022.2%6.3%19.3%25.8%21.7%3.3%-0.5%220.1M-6.38B-31.4M0.661.74N/AN/A101,89267,443974,358894,705
2019-07-08$137.07$130.0022.3%6.4%16.6%26.2%21.7%3.1%0.2%208.6M-6.29B-31.1M0.583.78N/AN/A74,94543,369960,542865,666
2019-07-09$136.39$130.0022.8%6.5%16.7%28.0%22.1%3.5%-0.0%206.2M-6.10B-31.7M0.563.23N/AN/A59,86433,718985,819882,583
2019-07-10$137.54$130.0021.8%6.0%16.7%24.4%22.3%3.3%-0.8%262.8M-6.86B-30.0M0.523.69N/AN/A98,49951,4501,003,693890,931
2019-07-11$137.97$130.0021.7%6.1%16.5%24.2%21.9%3.3%-0.9%265.2M-6.95B-31.1M0.654.11N/AN/A119,24576,9231,015,953904,667
2019-07-12$138.81$130.0021.3%6.0%16.6%22.5%21.8%3.0%-0.5%290.4M-7.37B-30.8M0.794.73N/AN/A101,34779,7101,038,683928,210
2019-07-15$138.88$130.0022.0%6.2%16.5%25.0%22.4%3.8%-0.4%239.5M-7.18B-29.5M0.552.91N/AN/A59,58233,0631,001,093892,994
2019-07-16$136.93$130.0023.6%6.7%17.5%30.9%23.4%3.4%-1.2%224.4M-6.26B-30.4M0.494.08N/AN/A128,26263,4931,024,842907,882
2019-07-17$137.00$130.0024.5%7.0%16.6%34.1%23.7%3.4%-1.5%234.2M-6.35B-30.9M0.454.32N/AN/A120,62354,2681,067,238931,738
2019-07-18$135.92$130.0024.2%7.0%16.8%33.3%24.4%2.9%-1.4%228.0M-5.76B-32.2M0.815.06N/AN/A246,936199,9261,110,162954,655
2019-07-19$136.86$130.0019.1%5.5%16.6%14.5%18.9%2.9%-0.8%349.9M-6.73B-30.0M0.454.48N/AN/A432,711195,9771,209,3231,028,123
2019-07-22$138.36$135.0017.7%5.1%17.1%9.2%18.1%2.9%0.0%290.2M-5.66B-31.0M0.783.71N/AN/A136,437106,752905,973809,350
2019-07-23$139.14$135.0017.1%5.0%17.1%7.3%17.5%2.7%-0.1%297.0M-5.82B-31.9M0.583.37N/AN/A103,86860,163931,473863,028
2019-07-24$140.40$135.0016.6%4.8%11.5%5.3%16.9%2.5%0.2%334.8M-6.51B-31.8M0.524.39N/AN/A130,44067,756941,038881,476
2019-07-25$140.22$135.0016.8%4.9%11.5%6.1%17.8%2.7%0.3%308.9M-6.30B-32.2M0.794.87N/AN/A95,06375,396941,711901,256
2019-07-26$141.53$135.0015.7%4.5%11.8%1.9%16.4%2.5%0.2%249.4M-7.26B-30.3M0.514.48N/AN/A138,08570,427967,973933,041
2019-07-29$141.22$135.0016.7%4.9%11.3%5.8%17.5%2.6%0.1%234.7M-6.36B-31.8M0.573.92N/AN/A69,09639,653908,852888,719
2019-07-30$140.43$135.0017.7%5.2%10.5%9.2%18.1%2.8%-0.2%235.6M-5.98B-32.4M0.744.18N/AN/A49,07236,114926,215895,762
2019-07-31$136.89$135.0019.7%5.8%14.2%16.7%20.3%3.3%-0.3%119.1M-4.19B-32.2M0.453.88N/AN/A164,20973,451931,682906,357