MSFT Options History — June 2020

In June 2020, MSFT traded between $182.14 and $202.58. ATM implied volatility averaged 31.1%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 5.1% (HV 20d: 25.9%). Max pain ranged from $172.50 to $185.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2020-06-10: Highest Volume — 812,135 contracts
  • 2020-06-11: Largest IV spike — 27.7% change
  • 2020-06-29: Highest IV Rank — 31.6%
  • 2020-06-12: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$192.64$182.14$202.58$182.14$202.58
Max Pain$179.20$172.50$185.00$172.50$185.00
ATM IV31.1%23.9%36.7%26.6%32.9%
Expected Move8.7%6.9%10.6%7.6%8.0%
HV 20d25.9%19.6%29.8%20.6%29.8%
HV 60d38.9%30.5%48.7%48.7%30.6%
IV Rank23.7%13.6%31.6%17.4%26.3%
IV Percentile73.7%52.4%82.9%67.1%76.2%
Term Structure1.0%-1.0%3.2%-0.1%0.1%
VWIV30.5%24.3%35.9%27.6%29.1%
Skew 25d5.5%3.1%7.8%6.8%5.7%
Skew 10d10.3%5.1%14.7%12.9%10.5%
Call IV 25d28.8%22.0%33.5%24.0%30.3%
Put IV 25d34.3%27.3%40.0%30.9%35.9%
Bid-Ask Spread %4.381.9213.631.933.08
Gamma HHI0.120.090.160.100.11
Net GEX334.5M196.8M483.8M196.8M384.4M
Net DEX-9.14B-13.67B-5.96B-5.96B-10.73B
Net VEX-58.9M-61.8M-55.1M-56.4M-59.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.250.660.550.54
Total Volume353,456.591162,920812,135162,920287,676
Total OI2,219,308.4091,941,8402,446,0182,100,4972,068,366

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$182.14$172.5026.6%7.6%20.6%17.4%27.6%6.8%-0.1%196.8M-5.96B-56.4M0.551.93N/AN/A104,87958,0411,141,169959,328
2020-06-02$183.86$175.0025.1%7.1%19.8%15.3%25.4%6.0%0.3%268.0M-6.76B-57.0M0.411.92N/AN/A139,05457,2791,173,662986,306
2020-06-03$185.38$175.0024.4%6.9%19.6%14.2%24.3%5.6%0.2%322.4M-7.46B-56.1M0.451.95N/AN/A124,84556,0571,185,5851,000,705
2020-06-04$182.68$175.0025.9%7.6%20.1%16.3%27.1%5.6%-0.3%218.2M-6.18B-56.3M0.472.46N/AN/A147,18668,8231,201,7521,007,892
2020-06-05$186.58$175.0023.9%7.4%21.4%13.6%25.4%4.8%-0.3%429.1M-8.39B-55.1M0.373.13N/AN/A290,583108,7991,222,1111,018,409
2020-06-08$187.94$175.0025.7%7.6%21.5%16.1%27.4%4.3%1.0%356.9M-8.59B-56.1M0.282.39N/AN/A273,31775,2761,200,876988,286
2020-06-09$190.10$175.0027.4%8.3%21.2%18.4%29.1%4.3%1.7%435.4M-9.86B-57.2M0.252.85N/AN/A316,36278,9871,254,6151,009,863
2020-06-10$197.76$175.0027.8%8.1%23.8%19.1%29.7%3.1%0.7%483.8M-13.67B-56.4M0.333.04N/AN/A611,667200,4681,291,2931,024,699
2020-06-11$187.88$180.0035.5%10.2%28.8%29.9%35.3%6.8%-0.1%255.3M-7.79B-61.1M0.567.48N/AN/A415,653233,1521,298,3041,068,447
2020-06-12$187.50$180.0035.9%10.6%28.8%30.4%35.9%7.8%1.8%254.0M-7.45B-61.8M0.5513.63N/AN/A299,904166,0721,327,7551,085,515
2020-06-15$188.97$180.0033.5%9.7%28.7%27.1%34.3%6.1%3.2%287.4M-8.18B-60.0M0.474.09N/AN/A201,91295,8001,265,5891,054,146
2020-06-16$192.35$180.0033.4%9.6%28.2%26.9%33.0%5.3%2.4%370.6M-9.81B-60.4M0.407.17N/AN/A316,089125,3831,296,3961,070,822
2020-06-17$194.50$180.0032.2%9.2%28.3%25.2%32.3%5.2%2.6%409.6M-10.63B-60.3M0.455.09N/AN/A199,69189,2071,307,0421,092,858
2020-06-18$195.72$180.0032.1%9.1%28.3%25.2%31.7%4.7%2.7%448.1M-11.10B-59.7M0.503.78N/AN/A156,66579,0751,316,2171,106,789
2020-06-19$196.35$180.0032.4%9.1%28.0%25.5%31.6%5.1%2.0%402.5M-11.32B-59.4M0.486.11N/AN/A333,030160,2751,323,8261,122,192
2020-06-22$200.19$180.0033.0%8.8%28.5%26.3%31.1%4.9%0.5%311.7M-10.07B-58.8M0.474.09N/AN/A256,635119,7701,090,332851,508
2020-06-23$202.41$180.0032.1%8.5%28.0%25.1%30.4%5.5%1.0%364.5M-11.03B-59.3M0.383.47N/AN/A310,069118,1031,129,262894,662
2020-06-24$198.34$185.0035.8%9.6%29.4%30.3%33.4%5.9%0.7%281.0M-9.04B-61.6M0.664.58N/AN/A218,265143,5121,166,552922,183
2020-06-25$199.23$185.0034.7%9.1%29.4%28.7%32.3%5.8%1.1%339.0M-9.57B-61.2M0.523.68N/AN/A145,51776,2151,187,948933,280
2020-06-26$197.75$185.0036.7%9.5%29.6%31.6%33.2%6.5%0.6%277.9M-8.80B-61.7M0.656.60N/AN/A199,070128,6071,199,364945,403
2020-06-29$197.94$185.0036.7%9.2%29.1%31.6%32.3%6.3%-1.0%261.4M-8.65B-60.6M0.543.76N/AN/A123,05366,0221,127,981905,495
2020-06-30$202.58$185.0032.9%8.0%29.8%26.3%29.1%5.7%0.1%384.4M-10.73B-59.6M0.543.08N/AN/A187,118100,5581,145,924922,442