MSFT Options History — December 2021

In December 2021, MSFT traded between $319.48 and $342.40. ATM implied volatility averaged 24.9%, placing in the 46.4% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 0.0% (HV 20d: 24.8%). Max pain ranged from $280.00 to $325.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.56.

Notable Days

  • 2021-12-10: Highest Volume — 704,150 contracts
  • 2021-12-03: Largest IV spike — 21.9% change
  • 2021-12-03: Highest IV Rank — 86.4%
  • 2021-12-03: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$332.65$319.48$342.40$332.58$337.55
Max Pain$292.50$280.00$325.00$320.00$295.00
ATM IV24.9%21.4%32.7%27.0%23.5%
Expected Move6.9%5.7%10.1%8.1%5.7%
HV 20d24.8%15.4%29.5%15.4%28.5%
HV 60d22.5%20.7%23.8%20.7%22.0%
IV Rank46.4%28.5%86.4%57.2%39.3%
IV Percentile65.9%42.9%98.8%82.5%57.5%
Term Structure0.5%-0.5%3.2%0.3%-0.0%
VWIV25.0%20.3%35.0%27.8%20.3%
Skew 25d5.3%3.3%9.9%6.9%3.9%
Skew 10d11.8%7.5%19.9%15.0%8.1%
Call IV 25d23.1%19.2%28.9%25.0%22.0%
Put IV 25d28.4%23.6%38.8%31.9%25.9%
Bid-Ask Spread %3.932.717.914.224.63
Gamma HHI0.090.050.400.060.09
Net GEX482.7M-597.8M985.1M345.8M382.8M
Net DEX-17.47B-23.66B-9.49B-16.71B-19.05B
Net VEX-117.0M-123.1M-113.0M-122.2M-113.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.341.100.510.64
Total Volume351,987.818244,600704,150437,843294,759
Total OI2,737,287.9552,550,1362,910,1262,747,7322,738,686

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$332.58$320.0027.0%8.1%15.4%57.2%27.8%6.9%0.3%345.8M-16.71B-122.2M0.514.22N/AN/A290,108147,7351,375,6901,372,042
2021-12-02$330.58$325.0026.8%7.9%15.5%56.4%28.1%7.3%0.2%208.2M-15.38B-121.4M0.812.93N/AN/A179,526144,7561,397,9721,392,207
2021-12-03$320.18$325.0032.7%10.1%19.0%86.4%35.0%9.9%-0.2%-597.8M-9.49B-123.1M1.104.73N/AN/A229,484253,4781,412,8571,412,304
2021-12-06$325.76$280.0027.1%7.8%20.2%57.9%29.1%7.0%0.1%270.0M-13.49B-120.1M0.644.30N/AN/A181,115116,1371,360,8461,328,313
2021-12-07$333.49$280.0022.8%6.6%22.0%35.9%24.1%5.1%0.5%574.5M-18.54B-114.6M0.532.93N/AN/A204,495108,6201,387,2121,354,387
2021-12-08$333.01$280.0021.7%6.3%22.0%30.1%22.9%4.3%0.4%551.4M-18.10B-113.4M0.502.71N/AN/A168,85383,8941,400,6281,367,851
2021-12-09$333.91$280.0023.1%6.6%21.2%37.4%24.1%5.4%0.4%647.2M-18.48B-115.3M0.425.85N/AN/A186,28278,0681,429,1571,380,474
2021-12-10$341.37$280.0022.1%6.4%22.5%32.4%23.3%3.3%0.5%985.1M-23.66B-116.1M0.343.26N/AN/A525,956178,1941,440,9801,388,037
2021-12-13$341.39$280.0023.6%6.7%22.1%39.8%24.0%4.0%-0.2%781.4M-22.15B-118.0M0.487.91N/AN/A229,521110,7111,402,8591,320,995
2021-12-14$327.79$280.0026.5%7.5%26.5%54.8%26.9%5.9%-0.5%335.8M-14.73B-116.3M0.463.13N/AN/A363,867169,0891,423,3301,347,307
2021-12-15$332.66$285.0024.4%7.0%26.6%44.3%25.2%5.2%-0.2%574.0M-17.96B-117.5M0.385.69N/AN/A277,869104,2531,463,4191,369,127
2021-12-16$325.92$285.0027.7%7.8%27.5%60.8%27.5%5.8%-0.5%288.6M-14.07B-118.9M0.563.49N/AN/A244,680135,8821,471,8301,380,536
2021-12-17$322.66$290.0026.6%7.5%27.5%55.0%26.7%4.9%-0.4%161.5M-12.81B-116.6M0.814.20N/AN/A240,269195,0551,506,7931,403,333
2021-12-20$319.48$290.0028.1%8.0%27.5%62.6%27.7%6.0%1.6%186.3M-11.01B-117.0M0.752.84N/AN/A151,555113,0331,305,9601,244,176
2021-12-21$325.77$290.0024.6%7.0%28.7%44.9%24.8%5.3%2.2%343.7M-14.13B-117.0M0.534.95N/AN/A194,076103,3781,337,8871,284,389
2021-12-22$331.89$295.0022.5%6.4%29.1%34.1%23.3%4.8%3.1%639.1M-17.36B-119.0M0.502.97N/AN/A195,62198,0781,361,1681,307,174
2021-12-23$335.85$295.0021.4%6.0%29.4%28.5%22.1%4.4%3.2%813.3M-19.74B-117.3M0.403.55N/AN/A241,46696,7641,382,4051,327,872
2021-12-27$342.01$295.0023.3%5.9%29.5%38.5%23.2%5.4%0.7%732.2M-22.05B-114.6M0.483.16N/AN/A224,964107,5491,332,3971,265,240
2021-12-28$342.19$295.0024.1%6.0%29.0%42.3%22.2%4.1%0.8%799.3M-22.30B-113.0M0.462.81N/AN/A171,49178,3041,360,8081,287,168
2021-12-29$342.40$295.0023.4%5.8%28.3%38.8%21.2%4.9%0.2%833.0M-22.25B-114.9M0.532.91N/AN/A159,87484,7261,379,7291,304,694
2021-12-30$339.96$295.0024.1%5.7%28.5%42.7%20.3%3.3%-0.1%763.6M-20.86B-114.2M0.453.20N/AN/A192,92387,2741,394,3941,315,702
2021-12-31$337.55$295.0023.5%5.7%28.5%39.3%20.3%3.9%-0.0%382.8M-19.05B-113.0M0.644.63N/AN/A180,269114,4901,405,2251,333,461