MSFT Options History — October 2020

In October 2020, MSFT traded between $201.35 and $223.97. ATM implied volatility averaged 37.0%, placing in the 32.0% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 7.4% (HV 20d: 29.6%). Max pain ranged from $210.00 to $215.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.52.

Notable Days

  • 2020-10-28: Highest Volume — 548,959 contracts
  • 2020-10-26: Largest IV spike — 10.7% change
  • 2020-10-26: Highest IV Rank — 37.2%
  • 2020-10-26: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$213.18$201.35$223.97$212.07$201.35
Max Pain$211.25$210.00$215.00$210.00$210.00
ATM IV37.0%34.0%40.7%34.3%37.6%
Expected Move10.6%8.5%12.2%8.5%11.6%
HV 20d29.6%23.9%42.3%42.3%32.6%
HV 60d34.6%32.7%35.9%34.7%34.1%
IV Rank32.0%27.8%37.2%28.2%32.9%
IV Percentile72.9%60.7%82.9%65.9%74.6%
Term Structure-0.3%-1.6%4.0%4.0%-0.6%
VWIV37.2%31.1%42.7%31.1%40.4%
Skew 25d4.9%3.2%6.4%3.8%6.4%
Skew 10d9.9%7.1%12.9%7.8%12.9%
Call IV 25d34.7%31.2%38.2%31.9%35.3%
Put IV 25d39.6%35.7%43.0%35.7%41.7%
Bid-Ask Spread %4.072.027.722.024.27
Gamma HHI0.100.060.290.080.07
Net GEX422.9M28.7M884.9M420.4M28.7M
Net DEX-10.81B-17.78B-3.18B-11.14B-3.18B
Net VEX-87.9M-90.1M-85.4M-88.6M-87.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.280.770.710.77
Total Volume329,731.318194,339548,959279,265413,699
Total OI3,067,043.7272,833,2483,384,7172,996,9533,384,717

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$212.07$210.0034.3%8.5%42.3%28.2%31.1%3.8%4.0%420.4M-11.14B-88.6M0.712.02N/AN/A162,849116,4161,720,1811,276,772
2020-10-02$207.26$210.0037.2%9.0%36.0%32.3%32.0%3.2%3.6%219.0M-8.20B-88.8M0.562.10N/AN/A228,725127,4871,740,7341,289,777
2020-10-05$209.94$210.0037.3%11.0%36.4%32.5%38.4%4.3%0.2%331.1M-9.69B-87.8M0.462.29N/AN/A142,53766,0471,703,9251,256,203
2020-10-06$205.47$210.0038.5%11.2%30.6%34.1%39.0%4.1%0.2%217.2M-7.11B-86.7M0.513.01N/AN/A171,05987,1721,721,7111,268,849
2020-10-07$209.37$210.0037.3%10.7%28.0%32.5%37.4%5.3%-0.4%363.3M-9.31B-87.2M0.642.68N/AN/A144,60993,2371,758,3791,296,172
2020-10-08$210.00$210.0036.5%10.5%26.3%31.4%36.4%4.5%-0.5%394.1M-9.59B-88.4M0.463.46N/AN/A164,14075,5891,776,6551,309,493
2020-10-09$215.39$210.0034.4%9.8%27.2%28.4%34.2%4.5%-0.7%727.0M-13.64B-87.4M0.563.65N/AN/A256,059143,2931,793,9941,312,457
2020-10-12$221.88$210.0034.3%9.8%28.6%28.2%34.6%5.0%0.0%610.0M-16.69B-85.4M0.353.53N/AN/A366,496129,7261,732,1731,265,745
2020-10-13$223.97$210.0034.0%9.6%28.6%27.8%34.2%5.8%-0.5%655.8M-17.78B-86.7M0.574.96N/AN/A203,529116,9171,776,4731,283,158
2020-10-14$221.50$210.0035.5%10.2%28.8%29.9%35.9%5.3%-0.1%590.9M-15.82B-87.4M0.492.75N/AN/A157,76677,0051,793,7051,310,031
2020-10-15$219.96$210.0035.9%10.1%27.8%30.6%36.0%5.7%-0.8%593.6M-14.93B-87.3M0.553.94N/AN/A165,57690,9471,814,7121,327,010
2020-10-16$220.36$210.0036.1%10.3%27.3%30.8%35.7%4.6%-0.4%884.9M-15.40B-87.9M0.287.72N/AN/A333,11792,8761,840,6651,345,927
2020-10-19$214.84$210.0038.8%11.0%29.3%34.5%38.3%5.5%-1.6%400.3M-10.81B-88.5M0.356.48N/AN/A265,28194,1801,701,1311,132,117
2020-10-20$215.59$215.0037.8%10.8%27.6%33.2%37.7%5.4%-1.3%462.0M-11.27B-89.6M0.375.30N/AN/A198,74873,1991,780,2091,166,361
2020-10-21$215.43$215.0037.8%10.8%24.9%33.2%37.6%4.7%-1.3%454.0M-11.19B-89.7M0.484.03N/AN/A131,73662,6031,782,7821,183,618
2020-10-22$215.10$215.0038.1%11.0%24.9%33.6%38.4%5.3%-1.3%434.2M-10.94B-89.2M0.593.91N/AN/A162,02695,3931,782,7881,198,619
2020-10-23$216.18$215.0036.7%10.7%23.9%31.7%37.6%5.2%-1.6%459.4M-11.38B-90.1M0.653.64N/AN/A131,78985,7641,803,5491,225,337
2020-10-26$209.07$212.5040.7%12.2%26.9%37.2%42.7%4.8%-1.2%296.1M-8.03B-87.3M0.596.09N/AN/A245,617144,3011,751,0991,201,870
2020-10-27$214.47$212.5038.3%11.6%28.1%33.9%40.3%4.7%-0.3%426.8M-10.84B-89.5M0.484.51N/AN/A340,747163,5021,819,1991,261,359
2020-10-28$204.62$212.5040.1%12.0%32.7%36.4%41.2%5.4%-0.8%124.4M-5.09B-86.9M0.534.42N/AN/A358,820190,1391,933,1791,331,404
2020-10-29$206.16$210.0036.2%11.1%32.5%30.9%38.5%5.0%-0.0%210.0M-5.82B-86.5M0.534.88N/AN/A250,014133,3571,968,4281,352,295
2020-10-30$201.35$210.0037.6%11.6%32.6%32.9%40.4%6.4%-0.6%28.7M-3.18B-87.3M0.774.27N/AN/A234,112179,5872,033,2441,351,473