MSFT Options History — July 2021

In July 2021, MSFT traded between $271.02 and $289.40. ATM implied volatility averaged 21.1%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 6.9% (HV 20d: 14.2%). Max pain ranged from $250.00 to $275.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2021-07-02: Highest Volume — 496,796 contracts
  • 2021-07-28: Largest IV drop — 18.7% change
  • 2021-07-19: Highest IV Rank — 24.1%
  • 2021-07-19: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$281.39$271.02$289.40$271.02$285.01
Max Pain$262.50$250.00$275.00$250.00$275.00
ATM IV21.1%17.2%24.3%20.5%17.2%
Expected Move5.8%4.3%6.9%4.4%4.7%
HV 20d14.2%11.2%17.0%11.2%17.0%
HV 60d18.3%17.5%19.1%18.1%17.6%
IV Rank14.1%1.7%24.1%12.2%1.7%
IV Percentile13.7%1.2%28.6%9.9%1.2%
Term Structure-0.2%-0.6%0.6%-0.3%0.6%
VWIV21.3%15.6%24.9%15.9%16.6%
Skew 25d3.1%2.3%4.3%2.4%3.1%
Skew 10d7.0%4.6%10.8%6.1%6.4%
Call IV 25d20.1%16.2%22.3%19.8%16.2%
Put IV 25d23.2%19.2%26.5%22.3%19.3%
Bid-Ask Spread %2.361.574.941.812.06
Gamma HHI0.100.070.240.090.17
Net GEX640.4M366.7M1.06B726.4M740.3M
Net DEX-15.64B-18.99B-10.25B-14.84B-13.34B
Net VEX-94.9M-100.2M-90.5M-90.9M-95.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.360.970.650.59
Total Volume329,587.905149,679496,796150,894269,589
Total OI2,575,798.0952,390,2522,760,5442,547,7982,671,008

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$271.02$250.0020.5%4.4%11.2%12.2%15.9%2.4%-0.3%726.4M-14.84B-90.9M0.651.81N/AN/A91,47759,4171,338,6611,209,137
2021-07-02$277.60$250.0020.5%4.3%11.3%12.3%15.6%2.3%-0.6%888.7M-18.99B-90.5M0.521.71N/AN/A327,352169,4441,344,0501,222,060
2021-07-06$277.15$255.0021.6%6.1%11.5%15.7%21.6%3.0%-0.4%637.2M-17.07B-90.7M0.862.70N/AN/A235,085202,7221,320,9061,184,107
2021-07-07$279.93$255.0022.2%6.2%11.5%17.7%22.5%2.9%-0.5%664.5M-18.41B-92.4M0.722.35N/AN/A240,911173,2251,363,0471,240,725
2021-07-08$277.35$260.0023.4%6.6%12.6%21.2%24.4%3.4%-0.3%476.4M-15.78B-99.3M0.892.76N/AN/A153,110135,6271,394,2411,277,740
2021-07-09$277.40$260.0021.5%6.1%12.4%15.3%21.9%3.0%-0.4%671.4M-16.25B-93.7M0.612.65N/AN/A158,02596,4841,422,1481,295,728
2021-07-12$277.15$260.0021.0%6.0%12.5%13.8%22.5%2.8%-0.0%506.9M-15.22B-94.7M0.652.24N/AN/A106,55569,0141,368,3291,250,625
2021-07-13$281.12$260.0021.7%6.1%13.0%15.9%21.8%2.5%-0.2%655.2M-17.91B-92.1M0.442.24N/AN/A294,247129,2261,387,1631,277,535
2021-07-14$283.28$260.0021.4%6.0%12.9%15.1%22.3%2.5%-0.6%723.1M-18.95B-94.5M0.514.94N/AN/A233,583118,2021,406,5041,296,695
2021-07-15$280.57$265.0021.7%6.1%13.6%15.8%23.2%2.5%-0.4%433.7M-16.97B-94.6M0.972.87N/AN/A167,587161,9771,425,5561,325,706
2021-07-16$281.10$265.0021.8%6.2%13.1%16.3%22.7%2.6%-0.2%571.7M-17.08B-96.5M0.522.32N/AN/A318,750164,3941,436,8011,323,743
2021-07-19$276.02$265.0024.3%6.9%15.1%24.1%24.9%4.3%-0.5%366.7M-10.25B-97.0M0.812.17N/AN/A190,735155,4231,253,4371,143,254
2021-07-20$280.27$265.0021.5%6.1%15.8%15.2%22.6%4.2%-0.2%552.8M-12.29B-97.0M0.562.09N/AN/A133,92575,2211,262,8761,170,799
2021-07-21$280.60$265.0020.8%6.0%15.5%13.2%21.7%3.6%-0.2%530.1M-12.60B-94.3M0.671.57N/AN/A89,84959,8301,269,3771,187,463
2021-07-22$285.67$265.0021.3%6.1%16.3%14.8%22.2%3.8%-0.2%770.6M-15.69B-95.3M0.442.17N/AN/A306,621135,8701,287,6371,200,550
2021-07-23$289.40$265.0020.5%5.9%16.7%12.3%21.5%3.6%-0.2%1.06B-17.85B-95.1M0.361.98N/AN/A288,647104,8851,321,4661,230,062
2021-07-26$288.68$265.0020.9%6.2%16.6%13.3%22.4%3.7%-0.3%596.6M-15.67B-94.5M0.682.20N/AN/A157,846107,1831,234,5801,155,672
2021-07-27$286.30$267.5023.2%6.7%17.0%20.6%24.3%3.5%-0.4%555.0M-14.19B-100.2M0.702.77N/AN/A228,491159,3611,267,6581,176,278
2021-07-28$286.60$270.0018.8%5.2%16.7%6.9%19.0%2.8%0.1%630.1M-14.56B-96.5M0.572.06N/AN/A270,244153,9821,305,6251,219,582
2021-07-29$286.93$270.0017.4%4.7%16.6%2.3%16.8%2.7%0.6%694.0M-14.57B-97.5M0.501.98N/AN/A151,56975,6611,360,2811,262,948
2021-07-30$285.01$275.0017.2%4.7%17.0%1.7%16.6%3.1%0.6%740.3M-13.34B-95.4M0.592.06N/AN/A169,70199,8881,390,5481,280,460