MSFT Options History — February 2022

In February 2022, MSFT traded between $281.14 and $313.28. ATM implied volatility averaged 29.7%, placing in the 47.1% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 0.3% (HV 20d: 29.4%). Max pain ranged from $300.00 to $310.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.74.

Notable Days

2022-02-11: Highest Volume — 449,438 contracts
2022-02-03: Largest IV spike — 23.9% change
2022-02-23: Highest IV Rank — 63.4%
2022-02-23: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$298.59	$281.14	$313.28	$307.90	$295.84
Max Pain	$303.16	$300.00	$310.00	$310.00	$300.00
ATM IV	29.7%	23.6%	34.5%	26.8%	32.4%
Expected Move	8.7%	7.1%	10.3%	8.0%	9.8%
HV 20d	29.4%	27.5%	32.5%	27.8%	31.7%
HV 60d	27.0%	24.6%	29.0%	24.6%	29.0%
IV Rank	47.1%	26.7%	63.4%	37.3%	56.1%
IV Percentile	88.8%	59.1%	98.0%	83.3%	94.4%
Term Structure	-0.0%	-1.6%	1.3%	-0.0%	-0.3%
VWIV	30.7%	25.9%	35.0%	28.7%	34.9%
Skew 25d	6.5%	4.3%	8.1%	5.7%	8.1%
Skew 10d	13.5%	9.4%	17.5%	11.4%	17.5%
Call IV 25d	27.3%	22.8%	31.2%	25.1%	29.0%
Put IV 25d	33.8%	27.1%	38.7%	30.9%	37.0%
Bid-Ask Spread %	4.08	2.64	7.41	2.98	5.84
Gamma HHI	0.04	0.03	0.10	0.04	0.03
Net GEX	128.6M	-181.7M	449.5M	315.9M	132.1M
Net DEX	-2.26B	-8.58B	2.89B	-5.90B	-2.23B
Net VEX	-113.7M	-119.1M	-106.0M	-119.1M	-113.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.44	1.03	0.64	0.84
Total Volume	314,912.105	210,032	449,438	278,458	210,032
Total OI	2,469,780.632	2,264,133	2,612,251	2,476,090	2,320,823

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$307.90	$310.00	26.8%	8.0%	27.8%	37.3%	28.7%	5.7%	-0.0%	315.9M	-5.90B	-119.1M	0.64	2.98	N/A	N/A	169,640	108,818	1,330,278	1,145,812
2022-02-02	$313.28	$310.00	24.9%	7.4%	28.7%	31.0%	26.7%	5.2%	0.6%	449.5M	-8.58B	-118.6M	0.44	2.64	N/A	N/A	269,977	120,048	1,345,902	1,170,160
2022-02-03	$302.25	$300.00	30.9%	9.1%	28.5%	51.2%	31.8%	7.2%	-1.0%	157.2M	-3.61B	-118.0M	0.95	7.41	N/A	N/A	186,497	176,249	1,350,944	1,176,098
2022-02-04	$306.93	$300.00	28.1%	8.1%	28.9%	41.7%	28.6%	5.9%	0.4%	260.7M	-5.32B	-118.0M	0.70	3.67	N/A	N/A	229,284	160,159	1,383,676	1,195,370
2022-02-07	$301.74	$300.00	28.7%	8.3%	29.3%	43.9%	29.2%	5.8%	0.3%	140.9M	-3.12B	-114.9M	0.53	3.72	N/A	N/A	138,172	73,803	1,306,016	1,121,364
2022-02-08	$303.77	$300.00	26.3%	7.7%	29.5%	35.5%	27.4%	5.3%	0.4%	182.0M	-3.68B	-115.1M	0.72	5.26	N/A	N/A	130,468	93,361	1,316,505	1,141,968
2022-02-09	$310.04	$300.00	23.6%	7.1%	30.5%	26.7%	25.9%	4.3%	1.3%	390.7M	-6.51B	-114.7M	0.72	3.31	N/A	N/A	171,383	124,156	1,333,649	1,154,103
2022-02-10	$301.10	$300.00	28.2%	8.3%	31.7%	42.1%	28.8%	4.8%	1.1%	95.0M	-2.61B	-114.4M	0.72	4.67	N/A	N/A	240,710	174,500	1,348,721	1,174,724
2022-02-11	$295.81	$305.00	32.8%	9.6%	29.0%	57.5%	32.5%	7.4%	0.4%	-61.9M	-104.4M	-114.5M	0.94	5.73	N/A	N/A	231,546	217,892	1,378,084	1,200,531
2022-02-14	$294.38	$305.00	32.0%	9.2%	28.4%	55.0%	33.0%	7.5%	-1.6%	2.7M	-434.1M	-112.1M	0.79	4.53	N/A	N/A	152,647	121,310	1,322,869	1,149,639
2022-02-15	$299.32	$305.00	28.6%	8.2%	27.9%	43.5%	29.1%	6.6%	0.1%	97.5M	-2.06B	-113.6M	0.57	2.92	N/A	N/A	169,512	96,668	1,336,515	1,164,302
2022-02-16	$300.11	$310.00	27.2%	7.8%	27.5%	38.8%	27.6%	6.3%	0.4%	148.9M	-1.99B	-112.5M	0.62	3.08	N/A	N/A	167,876	104,207	1,344,947	1,177,879
2022-02-17	$292.20	$305.00	31.9%	9.2%	28.9%	54.7%	32.7%	7.3%	-0.4%	-77.5M	1.15B	-111.9M	1.03	2.76	N/A	N/A	157,153	161,179	1,365,034	1,199,380
2022-02-18	$288.91	$305.00	31.6%	9.1%	28.4%	53.4%	32.0%	7.3%	-0.1%	-181.7M	2.70B	-110.4M	0.97	3.69	N/A	N/A	170,082	165,785	1,387,407	1,224,844
2022-02-22	$288.18	$305.00	32.5%	9.6%	28.1%	56.6%	33.4%	7.2%	-0.7%	19.0M	657.1M	-108.6M	0.71	3.29	N/A	N/A	159,569	113,681	1,179,459	1,084,674
2022-02-23	$281.14	$300.00	34.5%	10.3%	29.1%	63.4%	35.0%	7.6%	-1.1%	-61.7M	2.89B	-106.0M	0.89	3.14	N/A	N/A	148,408	131,539	1,205,604	1,116,263
2022-02-24	$293.32	$300.00	32.6%	9.7%	32.5%	56.9%	34.5%	6.4%	-0.8%	157.6M	-1.39B	-112.5M	0.70	5.70	N/A	N/A	229,137	159,436	1,229,033	1,139,125
2022-02-25	$297.00	$300.00	30.4%	8.4%	32.1%	49.4%	30.7%	6.9%	0.8%	276.2M	-2.83B	-112.7M	0.63	3.20	N/A	N/A	214,307	134,139	1,247,142	1,156,988
2022-02-28	$295.84	$300.00	32.4%	9.8%	31.7%	56.1%	34.9%	8.1%	-0.3%	132.1M	-2.23B	-113.3M	0.84	5.84	N/A	N/A	114,234	95,798	1,202,644	1,118,179