MSFT Options History — April 2021

In April 2021, MSFT traded between $242.26 and $262.74. ATM implied volatility averaged 24.0%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 3.6% (HV 20d: 20.4%). Max pain ranged from $235.00 to $250.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2021-04-28: Highest Volume — 549,846 contracts
  • 2021-04-28: Largest IV drop — 16.5% change
  • 2021-04-20: Highest IV Rank — 13.1%
  • 2021-04-20: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$255.54$242.26$262.74$242.26$251.71
Max Pain$241.67$235.00$250.00$235.00$250.00
ATM IV24.0%20.2%26.0%24.2%20.2%
Expected Move6.8%5.7%7.4%5.7%5.7%
HV 20d20.4%17.2%24.8%24.7%19.1%
HV 60d23.0%21.3%24.7%24.7%21.5%
IV Rank6.0%0.0%13.1%4.4%0.0%
IV Percentile7.5%0.0%23.0%4.4%0.0%
Term Structure-0.5%-1.0%0.2%-0.0%0.2%
VWIV24.6%20.4%27.7%20.5%20.4%
Skew 25d2.3%1.1%3.1%2.9%2.1%
Skew 10d5.4%2.4%8.3%7.6%4.0%
Call IV 25d23.3%19.8%25.4%23.3%19.8%
Put IV 25d25.6%21.7%27.8%26.2%21.8%
Bid-Ask Spread %3.762.075.322.072.83
Gamma HHI0.120.060.370.180.07
Net GEX697.4M319.7M1.39B911.2M375.7M
Net DEX-13.94B-18.77B-8.97B-10.73B-8.97B
Net VEX-89.1M-94.7M-85.7M-86.4M-92.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.410.720.430.61
Total Volume313,951.524166,967549,846520,112312,818
Total OI2,577,376.3332,380,0062,839,6902,557,4512,839,690

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$242.26$235.0024.2%5.7%24.7%4.4%20.5%2.9%-0.0%911.2M-10.73B-86.4M0.432.07N/AN/A364,306155,8061,408,5021,148,949
2021-04-05$248.47$235.0026.0%7.1%24.8%11.0%26.2%1.9%-0.7%652.9M-12.97B-85.7M0.502.98N/AN/A180,81890,0731,337,0921,105,281
2021-04-06$247.99$235.0024.7%6.9%24.1%6.8%25.5%2.3%-0.7%663.3M-12.43B-86.8M0.453.71N/AN/A174,82379,0331,400,1741,136,447
2021-04-07$249.72$235.0024.7%6.9%22.9%7.8%25.1%2.4%-0.8%745.7M-13.51B-87.4M0.534.45N/AN/A194,056103,0751,408,4241,152,109
2021-04-08$253.12$235.0024.1%6.7%22.8%5.5%24.5%2.5%-0.6%858.9M-15.64B-88.0M0.514.94N/AN/A219,889111,8531,432,0641,176,557
2021-04-09$255.11$240.0024.0%6.8%22.0%5.2%25.1%2.1%-0.6%1.16B-16.72B-88.5M0.533.81N/AN/A210,035111,6091,442,1241,194,163
2021-04-12$256.54$240.0024.5%6.9%21.5%7.2%25.0%2.1%-0.2%747.4M-16.04B-89.8M0.415.32N/AN/A280,874114,9801,380,2181,154,597
2021-04-13$258.32$240.0024.3%6.8%21.1%6.3%24.7%2.0%-0.5%819.3M-17.18B-88.3M0.484.35N/AN/A197,29193,9211,423,8941,186,544
2021-04-14$255.77$240.0024.8%7.0%21.0%8.4%25.2%2.3%-0.5%750.2M-15.29B-88.4M0.424.02N/AN/A195,61581,6181,442,4051,209,904
2021-04-15$259.58$240.0023.6%6.7%21.0%3.7%25.4%2.4%0.0%1.08B-17.82B-88.0M0.493.57N/AN/A201,15098,4681,498,0401,233,692
2021-04-16$260.58$240.0023.4%6.6%17.9%2.6%24.1%2.5%-0.5%1.39B-18.77B-88.9M0.483.46N/AN/A212,561102,0391,527,1661,249,929
2021-04-19$258.73$240.0025.1%7.1%18.5%9.3%26.8%2.5%-0.6%566.1M-13.63B-88.2M0.723.35N/AN/A115,61182,9801,323,3851,056,621
2021-04-20$258.39$245.0026.0%7.4%17.8%13.1%27.7%2.9%-0.5%549.3M-13.20B-90.6M0.663.75N/AN/A109,88472,5051,348,8001,086,955
2021-04-21$260.24$245.0024.7%7.1%17.8%7.8%25.7%3.1%-0.9%630.6M-14.38B-90.2M0.724.48N/AN/A97,25269,7151,380,8661,106,293
2021-04-22$257.38$245.0025.5%7.3%18.2%10.9%26.3%3.1%-0.4%435.1M-12.64B-89.8M0.624.98N/AN/A169,611105,1691,396,4321,112,658
2021-04-23$260.93$245.0023.3%6.7%17.4%2.4%24.6%2.8%-0.6%634.5M-14.66B-88.5M0.683.27N/AN/A138,35394,0141,408,1761,133,309
2021-04-26$261.39$245.0023.5%6.9%17.4%3.0%24.4%3.0%-1.0%498.4M-14.06B-86.5M0.644.03N/AN/A127,38180,9701,295,6171,097,442
2021-04-27$262.74$245.0025.4%7.4%17.2%10.7%26.3%1.7%-0.6%534.2M-14.63B-92.2M0.563.35N/AN/A290,584162,9111,341,2251,126,230
2021-04-28$254.74$250.0021.2%6.1%20.7%0.0%22.0%1.1%-0.2%323.6M-10.28B-91.1M0.543.17N/AN/A356,096193,7501,466,5711,193,366
2021-04-29$252.64$250.0020.6%5.8%20.4%0.0%20.8%1.6%-0.3%319.7M-9.12B-94.7M0.483.11N/AN/A296,897142,5881,526,3481,236,644
2021-04-30$251.71$250.0020.2%5.7%19.1%0.0%20.4%2.1%0.2%375.7M-8.97B-92.9M0.612.83N/AN/A193,865118,9531,573,4061,266,284