MSFT Options History — August 2021

In August 2021, MSFT traded between $284.85 and $305.01. ATM implied volatility averaged 17.2%, placing in the 3.7% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 3.7% (HV 20d: 13.5%). Max pain ranged from $260.00 to $275.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.51.

Notable Days

  • 2021-08-20: Highest Volume — 1,011,195 contracts
  • 2021-08-27: Largest IV drop — 9.6% change
  • 2021-08-19: Highest IV Rank — 14.3%
  • 2021-08-19: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$294.36$284.85$305.01$284.85$303.32
Max Pain$267.50$260.00$275.00$275.00$275.00
ATM IV17.2%15.8%20.4%17.5%16.3%
Expected Move4.9%4.3%5.8%4.8%4.3%
HV 20d13.5%10.8%15.0%15.0%14.0%
HV 60d14.7%13.0%17.6%17.6%13.5%
IV Rank3.7%0.0%14.3%2.6%1.5%
IV Percentile3.8%0.0%16.3%2.0%2.0%
Term Structure0.4%0.1%0.7%0.1%0.6%
VWIV17.7%15.7%21.3%17.2%16.1%
Skew 25d3.1%2.1%4.2%3.0%3.3%
Skew 10d7.0%4.3%10.7%6.0%7.9%
Call IV 25d16.5%15.0%18.9%17.0%15.9%
Put IV 25d19.6%17.5%22.8%20.1%19.2%
Bid-Ask Spread %2.171.772.742.332.07
Gamma HHI0.140.090.330.100.11
Net GEX792.5M343.9M1.69B550.5M738.5M
Net DEX-16.82B-22.71B-13.01B-13.01B-18.67B
Net VEX-96.4M-103.1M-92.6M-93.7M-100.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.130.730.720.54
Total Volume300,152.727141,5861,011,195149,048152,103
Total OI2,618,280.52,425,5422,721,1102,501,7802,616,156

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$284.85$275.0017.5%4.8%15.0%2.6%17.2%3.0%0.1%550.5M-13.01B-93.7M0.722.33N/AN/A86,73962,3091,288,2251,213,555
2021-08-03$286.57$275.0017.3%4.6%15.0%2.0%16.6%3.1%0.2%652.9M-14.02B-93.5M0.542.29N/AN/A125,56167,5421,313,9241,230,764
2021-08-04$286.93$275.0017.4%4.7%14.7%2.4%16.7%2.5%0.2%687.1M-14.08B-95.5M0.412.09N/AN/A139,49756,9521,330,1771,249,416
2021-08-05$288.89$260.0016.6%5.0%14.3%0.0%18.3%2.8%0.1%885.5M-15.71B-93.5M0.542.40N/AN/A122,73066,3561,356,1371,257,529
2021-08-06$288.77$260.0015.9%4.8%14.3%0.0%17.6%2.1%0.2%918.2M-15.95B-92.6M0.732.55N/AN/A115,13283,9991,382,4231,271,711
2021-08-09$288.26$260.0016.3%4.9%14.3%1.3%17.8%2.6%0.5%739.2M-14.96B-94.6M0.392.06N/AN/A156,10660,6341,330,0491,246,815
2021-08-10$285.99$260.0017.1%5.0%14.0%3.9%18.7%2.5%0.4%602.4M-13.40B-95.0M0.492.24N/AN/A135,26166,6131,345,4441,265,139
2021-08-11$286.80$260.0016.4%4.9%13.7%1.7%17.1%3.0%0.6%630.0M-13.78B-95.2M0.412.11N/AN/A100,40541,1811,368,3161,283,040
2021-08-12$289.49$260.0015.8%4.7%13.5%0.0%17.3%2.3%0.6%943.9M-15.90B-94.6M0.502.37N/AN/A136,07367,5081,387,5841,298,460
2021-08-13$292.35$260.0016.1%4.7%13.8%1.0%16.3%2.6%0.6%1.69B-18.22B-94.1M0.552.00N/AN/A246,695134,4381,402,2311,304,333
2021-08-16$294.12$260.0016.4%4.7%11.6%1.8%17.4%2.8%0.6%875.7M-18.19B-93.3M0.341.96N/AN/A236,45180,9091,346,9081,270,818
2021-08-17$292.71$260.0017.8%5.1%11.0%6.1%19.1%3.4%0.5%842.9M-17.30B-94.9M0.131.98N/AN/A594,44176,5151,374,9231,301,237
2021-08-18$292.09$260.0018.8%5.4%11.1%9.2%18.8%3.7%0.5%772.2M-16.66B-97.4M0.581.77N/AN/A163,73094,4141,401,6541,319,456
2021-08-19$296.82$270.0020.4%5.8%10.8%14.3%21.3%3.9%0.2%950.8M-17.09B-98.9M0.451.88N/AN/A353,391158,0141,335,6901,332,055
2021-08-20$305.01$270.0019.3%5.5%13.6%10.9%20.8%2.8%0.3%1.26B-22.71B-95.1M0.441.79N/AN/A702,598308,5971,348,8241,340,983
2021-08-23$304.82$270.0017.5%4.9%13.5%5.2%18.5%3.1%0.3%724.0M-20.61B-94.8M0.532.44N/AN/A219,485116,3951,231,4861,194,056
2021-08-24$302.99$275.0017.3%4.9%13.3%4.6%17.8%3.9%0.4%682.9M-19.26B-98.7M0.652.51N/AN/A147,02496,1961,291,4351,249,821
2021-08-25$302.35$275.0017.4%4.6%13.4%4.9%17.2%3.1%0.5%670.8M-18.69B-99.7M0.602.10N/AN/A152,17291,0841,322,9241,281,254
2021-08-26$299.57$275.0017.9%4.9%14.0%6.4%17.9%3.9%0.6%583.2M-16.63B-103.1M0.692.10N/AN/A124,52986,4871,346,8981,308,552
2021-08-27$299.86$275.0016.2%4.3%13.6%1.2%15.7%3.1%0.7%343.9M-17.02B-100.0M0.472.74N/AN/A226,293107,2671,364,5841,326,624
2021-08-30$303.39$275.0016.2%4.3%14.0%1.3%16.1%4.2%0.6%693.1M-18.24B-101.8M0.501.86N/AN/A162,68680,8481,294,9051,275,656
2021-08-31$303.32$275.0016.3%4.3%14.0%1.5%16.1%3.3%0.6%738.5M-18.67B-100.6M0.542.07N/AN/A98,59153,5121,322,3361,293,820