MSFT Options History — August 2019

In August 2019, MSFT traded between $132.65 and $138.81. ATM implied volatility averaged 24.1%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 0.1% (HV 20d: 24.0%). Max pain ranged from $130.00 to $135.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.59.

Notable Days

  • 2019-08-19: Highest Volume — 364,886 contracts
  • 2019-08-05: Largest IV spike — 26.1% change
  • 2019-08-05: Highest IV Rank — 47.3%
  • 2019-08-23: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$136.38$132.65$138.81$138.75$137.22
Max Pain$132.95$130.00$135.00$135.00$135.00
ATM IV24.1%21.1%28.1%21.3%22.9%
Expected Move6.9%6.1%7.7%6.4%6.5%
HV 20d24.0%14.7%28.9%14.7%27.4%
HV 60d21.9%20.7%23.4%20.7%21.2%
IV Rank32.7%21.6%47.3%22.5%27.0%
IV Percentile59.0%31.0%79.0%37.7%54.4%
Term Structure-0.1%-0.8%0.5%-0.4%0.3%
VWIV24.3%21.5%28.2%22.8%22.9%
Skew 25d5.8%4.0%7.0%4.0%5.8%
Skew 10d11.8%8.5%14.0%8.7%12.1%
Call IV 25d21.6%18.8%25.4%19.8%20.2%
Put IV 25d27.4%23.9%31.9%23.9%26.0%
Bid-Ask Spread %2.831.405.815.812.73
Gamma HHI0.110.070.180.110.13
Net GEX152.1M-1.7M339.3M198.8M147.6M
Net DEX-3.95B-5.46B-2.29B-5.20B-4.28B
Net VEX-35.2M-36.4M-33.4M-34.6M-35.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.180.980.780.71
Total Volume217,028.54583,067364,886331,894186,491
Total OI1,982,151.5451,860,1342,111,9631,909,9772,111,963

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$138.75$135.0021.3%6.4%14.7%22.5%22.8%4.0%-0.4%198.8M-5.20B-34.6M0.785.81N/AN/A186,735145,159981,576928,401
2019-08-02$136.56$135.0022.3%6.5%15.9%26.0%23.6%4.2%-0.4%59.8M-3.79B-35.4M0.703.11N/AN/A153,164107,698976,758960,234
2019-08-05$132.65$130.0028.1%7.6%18.9%47.3%28.2%6.5%-0.4%47.6M-2.29B-36.4M0.582.66N/AN/A168,58498,378954,511940,972
2019-08-06$134.46$130.0026.0%7.1%19.6%39.9%25.3%5.9%-0.4%106.9M-3.27B-35.2M0.553.36N/AN/A131,74073,076983,763954,408
2019-08-07$135.33$130.0025.9%7.3%19.5%39.5%26.3%5.7%-0.3%117.3M-3.57B-36.0M0.782.50N/AN/A131,416101,957993,365970,255
2019-08-08$138.81$130.0022.3%6.3%21.6%26.3%22.6%5.4%-0.1%207.7M-5.46B-35.3M0.493.60N/AN/A131,34864,1401,002,477992,558
2019-08-09$138.28$130.0023.1%6.4%21.5%29.0%23.1%5.7%0.0%176.8M-5.04B-35.2M0.593.62N/AN/A137,67881,5311,009,5491,011,572
2019-08-12$135.78$130.0025.6%7.4%22.4%38.0%25.0%6.1%0.2%100.3M-3.64B-35.5M0.622.68N/AN/A90,63655,748978,869976,248
2019-08-13$138.38$130.0022.7%6.3%22.9%27.4%23.3%5.2%-0.7%220.8M-5.09B-34.7M0.241.85N/AN/A269,28363,5261,007,735998,733
2019-08-14$134.17$130.0027.4%7.7%25.5%44.7%26.7%6.8%-0.6%16.3M-2.60B-35.9M0.665.70N/AN/A145,69896,133992,7531,010,158
2019-08-15$133.92$130.0026.7%7.5%25.4%42.2%26.5%6.8%-0.8%-1.7M-2.51B-36.0M0.522.12N/AN/A127,45966,2441,005,5661,022,882
2019-08-16$135.93$135.0023.7%6.9%25.9%31.0%23.6%6.0%0.5%260.0M-3.74B-35.1M0.352.60N/AN/A177,17862,1671,017,8111,030,670
2019-08-19$138.40$135.0022.4%6.4%26.4%26.4%22.0%4.7%0.2%253.7M-4.98B-34.4M0.181.40N/AN/A308,97155,915934,441925,693
2019-08-20$137.78$135.0022.2%6.4%26.3%25.7%22.2%5.2%0.1%260.9M-4.62B-34.7M0.342.07N/AN/A112,46438,558991,115946,656
2019-08-21$138.74$135.0021.1%6.1%26.3%21.6%21.5%5.3%0.2%339.3M-5.25B-33.4M0.481.95N/AN/A95,35945,5351,007,063957,113
2019-08-22$138.03$135.0022.2%6.3%26.3%25.4%22.6%5.7%0.3%257.8M-4.77B-33.9M0.652.42N/AN/A105,57568,8431,019,462969,312
2019-08-23$133.47$135.0026.7%7.7%28.4%42.3%27.5%7.0%-0.2%39.8M-2.30B-35.4M0.663.52N/AN/A200,210131,6631,023,557980,239
2019-08-26$134.83$135.0025.9%7.4%28.8%39.1%25.5%6.8%-0.3%100.9M-3.10B-35.8M0.782.32N/AN/A46,65436,413960,206980,400
2019-08-27$135.50$135.0025.8%7.4%28.9%38.6%25.6%6.7%-0.1%107.6M-3.37B-36.0M0.651.94N/AN/A88,85457,612977,3601,012,115
2019-08-28$135.42$135.0024.9%7.1%27.5%35.0%25.3%6.5%-0.0%95.3M-3.28B-35.8M0.982.61N/AN/A75,30274,0641,008,4801,023,896
2019-08-29$138.00$135.0021.9%6.2%27.9%23.4%21.6%5.6%0.4%233.0M-4.77B-35.0M0.771.74N/AN/A101,40778,0621,031,3141,045,125
2019-08-30$137.22$135.0022.9%6.5%27.4%27.0%22.9%5.8%0.3%147.6M-4.28B-35.6M0.712.73N/AN/A108,85377,6381,043,1101,068,853