MSFT Options History — November 2019

In November 2019, MSFT traded between $143.47 and $152.39. ATM implied volatility averaged 15.5%, placing in the 2.6% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 1.5% (HV 20d: 14.0%). Max pain ranged from $139.00 to $145.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2019-11-19: Highest Volume — 429,492 contracts
  • 2019-11-20: Largest IV spike — 10.3% change
  • 2019-11-20: Highest IV Rank — 10.3%
  • 2019-11-20: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.99$143.47$152.39$143.47$151.36
Max Pain$141.70$139.00$145.00$139.00$145.00
ATM IV15.5%14.3%17.2%16.2%15.3%
Expected Move4.6%4.2%4.9%4.5%4.4%
HV 20d14.0%8.4%17.3%17.3%8.4%
HV 60d17.6%15.8%20.2%20.2%15.8%
IV Rank2.6%0.0%10.3%2.0%3.6%
IV Percentile2.4%0.0%12.7%2.0%3.2%
Term Structure0.3%-0.4%1.2%0.5%0.1%
VWIV16.4%15.3%18.0%15.9%16.6%
Skew 25d2.7%1.9%3.3%2.7%2.9%
Skew 10d5.6%3.9%6.6%5.0%6.6%
Call IV 25d14.5%13.6%15.8%14.9%14.4%
Put IV 25d17.2%15.7%18.9%17.6%17.4%
Bid-Ask Spread %1.570.903.941.841.67
Gamma HHI0.170.110.260.110.18
Net GEX361.4M227.4M487.4M347.0M332.6M
Net DEX-7.32B-9.70B-5.94B-6.53B-7.06B
Net VEX-29.9M-32.0M-27.5M-30.4M-31.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.231.000.490.77
Total Volume174,687.465,027429,492172,40465,027
Total OI2,094,866.91,904,2932,268,3912,183,4262,055,314

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$143.47$139.0016.2%4.5%17.3%2.0%15.9%2.7%0.5%347.0M-6.53B-30.4M0.491.84N/AN/A115,68756,7171,107,3151,076,111
2019-11-04$144.38$140.0016.0%4.8%17.1%1.4%18.0%2.7%0.7%366.5M-6.80B-29.5M0.771.35N/AN/A89,61869,2981,045,4431,044,314
2019-11-05$144.72$140.0015.7%4.8%16.6%0.1%16.7%2.8%0.5%366.5M-6.85B-30.3M1.001.24N/AN/A60,27960,1351,058,0431,074,072
2019-11-06$143.93$140.0015.5%4.6%16.2%0.0%17.0%2.8%0.5%332.7M-6.34B-30.4M0.801.32N/AN/A59,51247,9001,076,1771,097,729
2019-11-07$143.97$140.0015.6%4.6%16.2%0.5%16.6%2.9%0.6%341.6M-6.37B-30.3M0.531.41N/AN/A92,69249,1451,082,4361,111,425
2019-11-08$145.68$140.0015.1%4.6%16.4%0.0%17.0%2.7%0.7%453.1M-7.69B-29.8M0.650.90N/AN/A125,90082,1141,096,2711,125,004
2019-11-11$145.92$140.0015.5%4.6%16.3%1.7%16.5%2.8%0.4%356.3M-7.45B-29.0M0.660.94N/AN/A93,46561,2891,052,7031,100,920
2019-11-12$146.92$140.0015.0%4.6%15.9%0.0%16.2%2.4%1.0%416.0M-8.18B-28.6M0.440.98N/AN/A134,96459,6421,070,6751,109,701
2019-11-13$147.22$140.0015.0%4.6%15.5%0.2%16.7%2.5%1.2%408.6M-8.17B-29.1M0.663.94N/AN/A79,76152,3681,088,7831,124,122
2019-11-14$148.17$140.0014.8%4.2%15.4%0.0%16.0%2.5%-0.1%443.2M-8.94B-28.9M0.611.22N/AN/A101,57561,4881,100,3551,137,168
2019-11-15$149.54$140.0014.3%4.2%14.3%0.0%15.5%1.9%0.3%487.4M-9.70B-28.2M0.491.07N/AN/A194,61595,1311,109,3231,159,068
2019-11-18$150.11$140.0015.1%4.3%14.2%3.0%15.3%2.3%-0.1%346.3M-8.04B-27.5M0.461.93N/AN/A161,86274,288925,279979,014
2019-11-19$150.44$140.0015.6%4.5%13.1%4.6%16.0%2.3%-0.1%370.7M-8.11B-28.8M0.231.54N/AN/A350,20079,292959,821999,376
2019-11-20$149.50$145.0017.2%4.9%13.7%10.3%17.0%3.0%-0.4%273.2M-6.03B-30.2M0.581.68N/AN/A143,81683,638884,5651,032,944
2019-11-21$149.42$145.0017.0%4.9%12.6%9.5%17.3%3.3%-0.4%248.1M-5.97B-31.0M0.801.40N/AN/A82,06265,800909,3681,067,253
2019-11-22$149.39$145.0016.4%4.7%12.7%7.4%16.3%3.3%-0.3%227.4M-5.94B-32.0M0.821.44N/AN/A72,60759,470934,5571,102,605
2019-11-25$151.04$145.0015.3%4.5%10.0%3.7%16.0%2.9%0.3%350.7M-6.94B-31.3M0.631.66N/AN/A76,78048,671917,9531,050,132
2019-11-26$152.39$145.0014.7%4.2%9.5%1.6%15.8%2.8%0.2%379.0M-7.71B-30.7M0.571.98N/AN/A107,23161,208931,3191,067,941
2019-11-27$152.15$145.0014.9%4.3%9.0%2.1%15.7%2.7%0.3%380.5M-7.64B-30.6M0.731.92N/AN/A68,65849,843949,7361,083,003
2019-11-29$151.36$145.0015.3%4.4%8.4%3.6%16.6%2.9%0.1%332.6M-7.06B-31.7M0.771.67N/AN/A36,77728,250962,6101,092,704