MSFT Options History — November 2021

In November 2021, MSFT traded between $328.54 and $343.21. ATM implied volatility averaged 20.2%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 1.4% (HV 20d: 18.8%). Max pain ranged from $300.00 to $320.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2021-11-16: Highest Volume — 1,084,426 contracts
  • 2021-11-26: Largest IV spike — 24.8% change
  • 2021-11-26: Highest IV Rank — 56.3%
  • 2021-11-26: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$336.12$328.54$343.21$328.54$331.64
Max Pain$309.52$300.00$320.00$305.00$320.00
ATM IV20.2%17.8%26.8%18.7%25.6%
Expected Move5.8%5.1%7.6%5.6%7.3%
HV 20d18.8%14.8%20.9%19.7%16.2%
HV 60d20.1%19.6%20.7%20.2%20.7%
IV Rank22.4%9.8%56.3%13.1%50.4%
IV Percentile29.9%11.1%81.3%16.3%71.4%
Term Structure0.4%-0.0%0.9%0.3%0.1%
VWIV21.3%18.1%27.8%20.4%26.8%
Skew 25d3.4%2.3%6.3%2.4%6.3%
Skew 10d8.1%4.0%15.0%5.7%15.0%
Call IV 25d19.2%17.2%24.5%18.6%23.1%
Put IV 25d22.6%20.0%30.3%21.0%29.4%
Bid-Ask Spread %2.771.883.923.103.09
Gamma HHI0.090.060.120.100.06
Net GEX723.5M51.0M988.6M746.8M301.2M
Net DEX-22.65B-26.74B-15.76B-22.45B-15.94B
Net VEX-113.2M-122.7M-106.7M-109.2M-121.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.130.910.530.75
Total Volume344,426.762204,2151,084,426332,841298,243
Total OI2,742,904.6192,519,2072,889,7892,660,6142,683,192

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$328.54$305.0018.7%5.6%19.7%13.1%20.4%2.4%0.3%746.8M-22.45B-109.2M0.533.10N/AN/A217,816115,0251,337,4471,323,167
2021-11-02$333.37$305.0018.0%5.4%19.2%9.8%19.3%2.6%0.9%828.1M-25.18B-106.7M0.362.96N/AN/A303,773108,0471,365,1691,351,531
2021-11-03$334.59$305.0017.8%5.1%19.2%10.3%18.1%2.8%0.6%894.4M-25.69B-108.1M0.452.57N/AN/A183,77282,3251,401,0941,367,574
2021-11-04$335.62$300.0018.9%5.7%19.2%15.7%20.4%2.3%0.6%988.6M-26.64B-108.9M0.383.21N/AN/A258,62397,1261,432,1901,379,330
2021-11-05$336.55$305.0019.0%5.7%19.0%16.6%20.9%2.4%0.6%948.1M-26.65B-111.7M0.443.59N/AN/A239,997104,6861,448,1311,394,627
2021-11-08$336.34$305.0019.3%5.7%19.1%17.8%20.8%2.5%0.6%794.2M-25.11B-109.2M0.373.92N/AN/A167,15561,6841,393,0841,341,771
2021-11-09$336.25$305.0019.6%5.8%18.5%19.4%20.9%3.4%0.5%837.9M-25.12B-111.8M0.492.68N/AN/A154,17575,1051,427,4471,359,078
2021-11-10$330.60$305.0020.6%6.0%20.2%24.5%21.2%3.9%0.3%610.5M-21.65B-113.6M0.572.70N/AN/A175,14099,8161,441,2251,374,371
2021-11-11$332.50$305.0019.3%5.7%19.4%17.9%19.5%3.9%0.6%749.5M-22.82B-111.9M0.633.83N/AN/A125,24778,9681,464,1661,389,260
2021-11-12$336.69$305.0018.5%5.4%19.5%13.9%20.5%2.9%0.7%967.7M-25.65B-110.3M0.472.49N/AN/A241,483114,2501,478,9911,410,798
2021-11-15$335.67$305.0019.2%5.6%19.6%17.5%20.4%3.3%0.4%766.2M-24.00B-110.8M0.642.34N/AN/A146,58693,7061,414,9871,367,699
2021-11-16$340.16$305.0018.6%5.4%19.9%14.4%19.7%2.7%0.5%973.2M-26.74B-110.2M0.132.19N/AN/A963,483120,9431,432,9921,397,391
2021-11-17$340.18$310.0018.7%5.4%19.8%15.0%21.2%3.5%0.3%890.2M-21.42B-113.2M0.472.18N/AN/A204,82997,1621,311,5051,412,098
2021-11-18$341.50$310.0019.9%5.7%19.7%20.8%20.1%3.4%0.3%941.4M-22.18B-114.0M0.502.36N/AN/A203,706101,2101,330,6811,419,209
2021-11-19$343.21$310.0018.5%5.3%19.5%14.0%20.1%2.6%0.4%936.6M-23.40B-114.0M0.402.59N/AN/A273,313110,0431,338,3011,427,185
2021-11-22$342.47$315.0021.1%5.9%19.4%27.4%21.0%2.9%0.1%648.5M-22.13B-115.1M0.503.32N/AN/A290,948145,8981,274,7831,244,424
2021-11-23$336.72$320.0022.3%6.2%20.9%33.2%22.3%4.2%0.1%405.2M-18.78B-116.7M0.721.88N/AN/A214,575153,6521,324,1231,281,481
2021-11-24$337.19$320.0021.5%5.9%14.8%29.1%23.4%3.6%0.3%392.2M-19.04B-119.2M0.612.46N/AN/A149,04891,4721,355,4421,339,432
2021-11-26$331.81$320.0026.8%7.6%16.0%56.3%27.8%5.8%-0.0%51.0M-15.76B-122.7M0.912.49N/AN/A149,833136,3271,373,4341,356,416
2021-11-29$336.99$320.0022.4%6.2%15.2%33.9%22.6%3.9%0.5%522.4M-19.22B-117.8M0.582.21N/AN/A179,403104,3691,324,2831,311,488
2021-11-30$331.64$320.0025.6%7.3%16.2%50.4%26.8%6.3%0.1%301.2M-15.94B-121.7M0.753.09N/AN/A170,443127,8001,348,0221,335,170