MSFT Options History — June 2021

In June 2021, MSFT traded between $245.08 and $271.23. ATM implied volatility averaged 19.3%, placing in the 6.4% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 1.9% (HV 20d: 17.4%). Max pain ranged from $240.00 to $250.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.54.

Notable Days

  • 2021-06-24: Highest Volume — 332,842 contracts
  • 2021-06-18: Largest IV spike — 9.4% change
  • 2021-06-28: Highest IV Rank — 14.9%
  • 2021-06-03: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$258.96$245.08$271.23$247.83$270.82
Max Pain$245.00$240.00$250.00$240.00$250.00
ATM IV19.3%16.7%21.4%19.4%20.9%
Expected Move5.1%4.5%5.9%5.5%4.5%
HV 20d17.4%12.0%24.0%23.3%12.0%
HV 60d20.1%18.1%21.7%21.7%18.1%
IV Rank6.4%0.0%14.9%2.8%13.6%
IV Percentile4.6%0.0%12.7%1.2%11.5%
Term Structure0.9%-0.7%3.9%0.3%-0.1%
VWIV18.6%16.1%21.0%21.0%16.1%
Skew 25d2.9%2.3%3.6%3.6%2.5%
Skew 10d6.6%4.9%8.7%8.3%5.4%
Call IV 25d18.4%15.4%20.4%18.1%20.1%
Put IV 25d21.3%17.9%23.8%21.7%22.6%
Bid-Ask Spread %2.181.714.841.802.09
Gamma HHI0.120.060.250.070.08
Net GEX649.6M79.7M1.28B235.4M730.3M
Net DEX-11.05B-15.11B-3.85B-5.73B-14.68B
Net VEX-91.5M-93.6M-88.8M-91.3M-93.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.430.750.750.51
Total Volume246,168.455165,781332,842185,664176,936
Total OI2,671,920.5912,334,6362,915,4242,655,9822,523,554

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$247.83$240.0019.4%5.5%23.3%2.8%21.0%3.6%0.3%235.4M-5.73B-91.3M0.751.80N/AN/A105,88079,7841,364,9451,291,037
2021-06-02$246.92$240.0019.3%5.3%22.3%2.5%19.6%3.1%-0.2%188.2M-5.03B-92.0M0.431.83N/AN/A136,29858,8331,395,1921,320,844
2021-06-03$245.08$240.0019.8%5.9%22.4%4.1%20.8%3.6%0.0%79.7M-3.85B-92.1M0.532.33N/AN/A128,82368,2971,424,8521,341,709
2021-06-04$250.97$240.0018.9%5.6%24.0%1.0%19.6%3.0%0.1%531.3M-8.44B-91.0M0.501.86N/AN/A211,952105,2991,437,8721,358,211
2021-06-07$252.90$240.0018.8%5.5%23.2%0.7%20.7%3.0%0.6%480.4M-9.03B-92.1M0.582.08N/AN/A173,680100,2441,384,5261,313,295
2021-06-08$252.94$240.0018.7%5.5%22.3%0.4%19.7%2.9%0.4%543.1M-9.29B-91.0M0.431.79N/AN/A162,79470,5261,422,9881,334,813
2021-06-09$253.64$240.0018.7%5.5%21.9%0.4%20.4%3.1%0.4%592.6M-9.45B-93.6M0.651.99N/AN/A144,83193,6721,440,0711,347,203
2021-06-10$256.55$240.0017.2%5.2%19.6%0.0%18.7%2.3%1.4%770.9M-11.56B-93.5M0.662.00N/AN/A179,106117,6221,456,7361,379,449
2021-06-11$257.43$245.0016.7%5.1%18.5%0.0%17.9%2.5%1.5%1.28B-12.02B-92.7M0.622.03N/AN/A167,272102,9051,466,0621,400,121
2021-06-14$258.82$245.0017.1%5.0%17.8%1.4%18.2%2.9%2.9%687.1M-12.37B-92.1M0.561.91N/AN/A107,37659,8761,421,8801,366,716
2021-06-15$258.52$245.0017.6%5.1%16.7%3.1%18.4%3.5%3.9%667.8M-11.86B-90.1M0.502.05N/AN/A110,72855,0531,431,6921,380,543
2021-06-16$257.70$245.0018.3%5.3%16.7%5.2%19.1%3.6%3.6%638.8M-11.55B-90.6M0.522.22N/AN/A205,796106,9161,452,5581,391,508
2021-06-17$261.43$245.0018.2%5.0%16.3%4.7%18.2%2.6%3.0%898.3M-14.26B-93.0M0.511.85N/AN/A180,32092,3631,491,4991,405,322
2021-06-18$261.03$245.0019.9%5.4%14.8%10.1%19.9%2.9%3.1%784.4M-14.04B-90.2M0.621.89N/AN/A194,343120,2351,490,4911,424,933
2021-06-21$262.33$250.0020.6%5.1%14.3%12.4%18.4%3.4%-0.0%577.6M-10.52B-91.7M0.611.71N/AN/A160,22597,5851,221,8091,112,827
2021-06-22$265.38$250.0020.8%5.0%12.8%13.1%18.1%3.0%-0.0%698.3M-12.51B-89.5M0.461.95N/AN/A177,07082,2081,256,3641,142,594
2021-06-23$265.51$250.0020.8%4.8%12.8%13.2%17.2%2.5%0.1%766.4M-12.76B-89.7M0.492.39N/AN/A151,03473,2701,286,4871,158,982
2021-06-24$266.60$250.0020.3%4.6%12.7%11.5%17.0%2.5%-0.0%874.2M-13.52B-88.8M0.443.08N/AN/A231,266101,5761,312,0171,171,810
2021-06-25$265.45$250.0020.4%4.5%12.8%11.9%16.3%2.4%-0.1%850.1M-12.38B-93.2M0.482.17N/AN/A156,26674,7561,336,9041,193,988
2021-06-28$267.96$250.0021.4%4.7%12.9%14.9%17.0%2.4%-0.7%681.4M-13.18B-91.9M0.564.84N/AN/A132,90574,1241,279,8731,164,161
2021-06-29$271.23$250.0021.1%4.6%12.2%13.9%16.8%2.5%-0.3%736.1M-15.11B-90.2M0.512.00N/AN/A189,00196,6601,302,2061,181,609
2021-06-30$270.82$250.0020.9%4.5%12.0%13.6%16.1%2.5%-0.1%730.3M-14.68B-93.6M0.512.09N/AN/A117,23159,7051,324,1761,199,378