MSFT Options History — April 2022

In April 2022, MSFT traded between $271.58 and $314.13. ATM implied volatility averaged 33.7%, placing in the 60.8% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 1.4% (HV 20d: 32.3%). Max pain ranged from $290.00 to $300.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.75.

Notable Days

2022-04-27: Highest Volume — 737,875 contracts
2022-04-27: Largest IV drop — 23.0% change
2022-04-26: Highest IV Rank — 99.4%
2022-04-26: Largest Expected Move — 13.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$289.07	$271.58	$314.13	$306.04	$279.35
Max Pain	$296.75	$290.00	$300.00	$300.00	$290.00
ATM IV	33.7%	26.1%	45.1%	29.0%	35.7%
Expected Move	9.7%	7.2%	13.7%	8.0%	10.6%
HV 20d	32.3%	28.5%	39.8%	30.7%	39.8%
HV 60d	31.8%	29.9%	34.6%	29.9%	34.6%
IV Rank	60.8%	35.0%	99.4%	44.7%	67.4%
IV Percentile	90.4%	71.4%	99.6%	84.1%	95.2%
Term Structure	-0.8%	-3.9%	0.4%	0.4%	-1.1%
VWIV	34.0%	26.0%	47.7%	27.5%	36.8%
Skew 25d	7.7%	4.9%	9.8%	5.8%	9.0%
Skew 10d	15.5%	9.5%	21.1%	10.5%	17.1%
Call IV 25d	30.4%	24.3%	40.1%	26.4%	31.8%
Put IV 25d	38.2%	29.3%	49.8%	32.2%	40.9%
Bid-Ask Spread %	7.39	3.61	14.26	6.92	3.90
Gamma HHI	0.05	0.03	0.17	0.07	0.11
Net GEX	70.8M	-216.6M	490.0M	379.6M	-184.6M
Net DEX	-1.16B	-10.29B	3.48B	-6.97B	1.37B
Net VEX	-106.5M	-113.4M	-99.9M	-112.7M	-105.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.54	0.95	0.79	0.81
Total Volume	334,952.5	200,650	737,875	301,372	326,494
Total OI	2,340,668.7	2,116,611	2,526,127	2,373,887	2,526,127

Daily Data (20 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
2022-04-01	$306.04	$300.00	29.0%	8.0%	30.7%	44.7%	27.5%	5.8%	0.4%	379.6M	-6.97B	-112.7M	0.79	6.92	N/A	N/A	168,375	132,997	1,252,444	1,121,443
2022-04-04	$314.13	$300.00	26.1%	7.2%	29.3%	35.0%	26.0%	4.9%	0.0%	490.0M	-10.29B	-112.4M	0.60	5.47	N/A	N/A	152,383	91,161	1,190,927	1,078,613
2022-04-05	$310.73	$300.00	28.1%	7.8%	29.0%	41.6%	29.0%	6.3%	-0.4%	425.2M	-8.70B	-113.4M	0.92	10.94	N/A	N/A	109,558	100,965	1,224,705	1,097,659
2022-04-06	$299.97	$300.00	31.5%	8.8%	28.8%	53.1%	32.6%	7.8%	-0.1%	121.7M	-3.56B	-111.9M	0.77	12.97	N/A	N/A	219,005	168,474	1,238,162	1,115,229
2022-04-07	$302.92	$300.00	30.0%	8.3%	28.5%	48.1%	30.9%	6.9%	-1.0%	257.9M	-5.17B	-113.4M	0.67	14.26	N/A	N/A	179,716	120,754	1,263,779	1,140,180
2022-04-08	$298.01	$300.00	30.1%	8.4%	28.8%	48.7%	29.6%	7.3%	-0.9%	27.5M	-2.56B	-110.2M	0.54	9.07	N/A	N/A	191,640	103,728	1,278,683	1,154,966
2022-04-11	$285.12	$300.00	34.6%	9.7%	32.8%	63.6%	33.4%	7.8%	-0.5%	-98.1M	1.98B	-102.6M	0.64	4.13	N/A	N/A	221,509	141,162	1,219,161	1,110,640
2022-04-12	$281.69	$300.00	34.7%	9.9%	31.1%	64.2%	33.6%	8.7%	0.0%	-122.7M	3.16B	-102.3M	0.56	4.06	N/A	N/A	255,602	143,779	1,254,329	1,137,401
2022-04-13	$288.20	$300.00	31.9%	8.9%	31.5%	54.6%	31.8%	7.7%	-1.0%	30.6M	596.6M	-105.2M	0.59	3.61	N/A	N/A	177,889	105,842	1,279,047	1,163,799
2022-04-14	$280.40	$300.00	33.4%	9.5%	32.6%	59.8%	32.9%	7.3%	-0.2%	-216.6M	3.48B	-101.5M	0.81	4.80	N/A	N/A	172,383	139,926	1,301,632	1,171,025
2022-04-18	$278.94	$295.00	33.8%	9.6%	31.6%	61.0%	33.5%	7.1%	-0.8%	-54.1M	1.75B	-99.9M	0.74	4.15	N/A	N/A	115,246	85,404	1,104,981	1,011,630
2022-04-19	$285.00	$295.00	32.3%	9.2%	32.7%	55.8%	31.9%	6.7%	-0.5%	41.5M	-147.5M	-102.8M	0.65	5.19	N/A	N/A	129,571	83,923	1,126,561	1,031,987
2022-04-20	$287.45	$295.00	33.3%	9.5%	31.7%	59.3%	33.5%	7.6%	-1.4%	104.2M	-1.04B	-105.1M	0.86	6.79	N/A	N/A	126,001	108,540	1,155,056	1,046,073
2022-04-21	$281.06	$295.00	37.4%	10.8%	32.5%	73.3%	36.9%	8.2%	-0.0%	-34.2M	963.7M	-104.0M	0.88	10.79	N/A	N/A	177,655	155,484	1,168,348	1,070,164
2022-04-22	$276.06	$295.00	41.1%	11.9%	32.7%	85.9%	41.1%	9.0%	-0.6%	-140.9M	2.63B	-103.2M	0.95	9.44	N/A	N/A	156,286	148,135	1,191,284	1,092,872
2022-04-25	$280.19	$295.00	39.8%	12.1%	33.4%	81.3%	40.8%	9.8%	-1.4%	9.7M	724.0M	-105.0M	0.71	10.34	N/A	N/A	192,097	135,616	1,140,612	1,056,397
2022-04-26	$271.58	$295.00	45.1%	13.7%	33.0%	99.4%	47.7%	9.7%	-3.9%	-28.6M	2.89B	-102.6M	0.90	11.63	N/A	N/A	287,518	257,342	1,209,379	1,101,204
2022-04-27	$284.50	$290.00	34.8%	10.1%	37.0%	64.3%	35.9%	8.7%	-1.8%	159.7M	-1.26B	-107.7M	0.76	5.57	N/A	N/A	420,411	317,464	1,302,302	1,180,080
2022-04-28	$289.98	$290.00	31.8%	9.3%	38.0%	54.2%	34.4%	8.4%	-0.6%	249.2M	-2.95B	-109.0M	0.92	3.81	N/A	N/A	197,823	181,192	1,294,783	1,209,710
2022-04-29	$279.35	$290.00	35.7%	10.6%	39.8%	67.4%	36.8%	9.0%	-1.1%	-184.6M	1.37B	-105.3M	0.81	3.90	N/A	N/A	180,001	146,493	1,300,084	1,226,043