MSFT Options History — June 2022

In June 2022, MSFT traded between $242.39 and $273.97. ATM implied volatility averaged 32.8%, placing in the 57.5% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 2.9% (HV 20d: 35.7%). Max pain ranged from $260.00 to $280.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.78.

Notable Days

2022-06-02: Highest Volume — 534,947 contracts
2022-06-13: Largest IV spike — 21.0% change
2022-06-13: Highest IV Rank — 80.5%
2022-06-13: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$259.61	$242.39	$273.97	$273.97	$257.25
Max Pain	$270.12	$260.00	$280.00	$275.00	$262.50
ATM IV	32.8%	27.7%	39.6%	30.2%	37.3%
Expected Move	9.2%	8.0%	11.3%	8.9%	9.4%
HV 20d	35.7%	30.4%	40.3%	40.3%	37.0%
HV 60d	36.9%	34.8%	38.5%	36.5%	38.1%
IV Rank	57.5%	40.2%	80.5%	48.7%	72.7%
IV Percentile	79.7%	62.3%	96.8%	73.0%	94.0%
Term Structure	0.4%	-0.9%	3.2%	-0.4%	-0.9%
VWIV	32.0%	28.5%	38.4%	31.8%	33.1%
Skew 25d	6.9%	5.6%	9.0%	6.6%	7.7%
Skew 10d	13.3%	10.9%	17.4%	13.1%	14.8%
Call IV 25d	29.6%	25.5%	34.7%	27.5%	32.7%
Put IV 25d	36.5%	31.2%	43.7%	34.1%	40.4%
Bid-Ask Spread %	2.59	1.47	9.15	2.42	2.48
Gamma HHI	0.05	0.03	0.12	0.04	0.03
Net GEX	22.1M	-174.0M	287.1M	146.9M	48.9M
Net DEX	2.62B	-1.59B	8.71B	-1.25B	2.25B
Net VEX	-85.7M	-95.4M	-76.8M	-95.4M	-85.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.54	1.36	0.63	0.80
Total Volume	278,041.714	175,881	534,947	268,626	242,662
Total OI	2,336,387.524	2,038,678	2,537,455	2,347,097	2,264,757

Daily Data (21 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
2022-06-01	$273.97	$275.00	30.2%	8.9%	40.3%	48.7%	31.8%	6.6%	-0.4%	146.9M	-1.25B	-95.4M	0.63	2.42	N/A	N/A	165,109	103,517	1,245,618	1,101,479
2022-06-02	$273.83	$280.00	29.1%	8.3%	38.5%	45.3%	29.7%	5.9%	-0.3%	154.6M	-1.19B	-94.5M	0.97	2.43	N/A	N/A	271,979	262,968	1,271,091	1,123,069
2022-06-03	$269.29	$280.00	30.0%	8.6%	35.5%	48.1%	29.5%	6.2%	-0.3%	-146.9M	1.01B	-93.5M	1.36	2.28	N/A	N/A	143,858	195,270	1,309,688	1,199,983
2022-06-06	$268.41	$280.00	29.9%	8.5%	35.4%	47.7%	30.0%	6.2%	0.1%	23.4M	1.28B	-91.0M	0.73	2.56	N/A	N/A	127,797	93,724	1,252,140	1,116,179
2022-06-07	$272.51	$280.00	27.7%	8.0%	33.3%	40.2%	29.6%	5.9%	0.4%	115.4M	-400.0M	-92.9M	0.68	2.09	N/A	N/A	104,856	71,025	1,283,008	1,130,592
2022-06-08	$270.62	$280.00	28.2%	8.1%	32.7%	42.2%	28.5%	5.6%	0.1%	80.2M	272.5M	-91.9M	0.73	2.36	N/A	N/A	103,923	75,905	1,299,389	1,138,793
2022-06-09	$266.33	$280.00	30.6%	8.8%	30.4%	50.3%	30.4%	5.7%	-0.0%	-15.0M	1.94B	-90.2M	0.79	2.60	N/A	N/A	136,131	106,926	1,313,353	1,144,825
2022-06-10	$254.41	$275.00	32.7%	9.4%	33.4%	57.3%	32.2%	6.4%	0.1%	-174.0M	6.45B	-83.3M	0.80	2.70	N/A	N/A	261,810	208,416	1,325,214	1,158,044
2022-06-13	$242.39	$275.00	39.6%	11.3%	35.7%	80.5%	38.4%	9.0%	-0.6%	-150.5M	8.71B	-76.8M	0.82	9.15	N/A	N/A	170,007	139,940	1,280,218	1,132,973
2022-06-14	$244.65	$270.00	36.3%	10.4%	35.9%	69.6%	36.0%	8.5%	-0.2%	-139.3M	7.88B	-77.7M	0.75	2.15	N/A	N/A	129,417	97,108	1,311,128	1,141,895
2022-06-15	$252.14	$270.00	33.7%	9.7%	37.2%	60.6%	33.4%	6.7%	-0.8%	-75.2M	5.50B	-80.8M	0.68	3.28	N/A	N/A	179,470	121,722	1,330,372	1,148,521
2022-06-16	$244.06	$265.00	36.9%	10.6%	35.4%	71.4%	37.1%	8.2%	-0.1%	-131.3M	7.54B	-77.0M	0.92	2.43	N/A	N/A	127,911	118,289	1,360,309	1,155,431
2022-06-17	$248.49	$265.00	33.6%	9.6%	36.1%	60.3%	34.5%	7.3%	0.4%	-66.9M	6.02B	-78.9M	0.85	2.36	N/A	N/A	174,329	148,780	1,379,974	1,157,481
2022-06-21	$254.11	$265.00	32.5%	9.2%	36.6%	56.7%	31.7%	7.0%	2.8%	22.9M	3.03B	-80.2M	0.54	1.47	N/A	N/A	156,728	84,207	1,109,131	929,547
2022-06-22	$253.24	$260.00	33.2%	9.6%	34.4%	59.0%	32.9%	7.0%	2.7%	38.2M	3.07B	-81.0M	0.72	2.16	N/A	N/A	151,652	108,691	1,153,323	946,127
2022-06-23	$258.71	$260.00	32.5%	9.2%	35.3%	56.8%	31.6%	6.9%	2.9%	145.6M	1.17B	-85.1M	0.76	1.68	N/A	N/A	135,899	103,782	1,183,954	966,810
2022-06-24	$265.65	$260.00	30.9%	8.4%	36.5%	51.3%	29.1%	5.9%	3.2%	287.1M	-1.59B	-87.6M	0.57	1.86	N/A	N/A	218,936	125,669	1,203,046	985,431
2022-06-27	$264.87	$262.50	32.7%	8.6%	36.1%	57.4%	30.3%	6.9%	-0.4%	162.4M	-451.5M	-86.9M	0.75	1.98	N/A	N/A	108,747	81,176	1,171,180	959,006
2022-06-28	$256.90	$265.00	35.3%	9.1%	36.7%	66.1%	31.5%	7.3%	-0.0%	44.5M	2.38B	-83.3M	0.71	1.77	N/A	N/A	140,326	100,001	1,188,219	981,476
2022-06-29	$259.99	$262.50	35.1%	9.1%	36.9%	65.5%	31.6%	7.6%	-0.3%	93.4M	1.36B	-85.9M	0.74	2.10	N/A	N/A	138,264	101,949	1,212,127	999,237
2022-06-30	$257.25	$262.50	37.3%	9.4%	37.0%	72.7%	33.1%	7.7%	-0.9%	48.9M	2.25B	-85.3M	0.80	2.48	N/A	N/A	135,069	107,593	1,249,374	1,015,383