MSFT Options History — July 2022

In July 2022, MSFT traded between $251.37 and $281.70. ATM implied volatility averaged 33.2%, placing in the 59.0% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 0.5% (HV 20d: 32.7%). Max pain ranged from $260.00 to $270.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.74.

Notable Days

2022-07-27: Highest Volume — 721,599 contracts
2022-07-27: Largest IV drop — 29.1% change
2022-07-26: Highest IV Rank — 73.2%
2022-07-26: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$261.97	$251.37	$281.70	$259.33	$281.70
Max Pain	$264.88	$260.00	$270.00	$262.50	$265.00
ATM IV	33.2%	24.3%	37.4%	34.5%	24.3%
Expected Move	9.4%	6.7%	11.0%	8.5%	6.7%
HV 20d	32.7%	25.7%	37.7%	37.2%	36.0%
HV 60d	36.9%	34.9%	38.1%	38.1%	37.5%
IV Rank	59.0%	29.0%	73.2%	63.4%	29.0%
IV Percentile	76.4%	35.3%	94.0%	84.9%	35.3%
Term Structure	-0.6%	-1.2%	0.7%	-0.5%	0.4%
VWIV	33.1%	24.8%	39.0%	30.8%	24.8%
Skew 25d	7.0%	5.1%	8.1%	7.7%	5.1%
Skew 10d	13.5%	10.5%	15.0%	14.7%	10.5%
Call IV 25d	29.9%	21.7%	33.6%	31.2%	21.7%
Put IV 25d	36.9%	26.8%	41.1%	38.8%	26.8%
Bid-Ask Spread %	2.76	1.96	6.22	2.12	1.96
Gamma HHI	0.04	0.03	0.08	0.08	0.05
Net GEX	139.3M	-44.1M	485.3M	166.7M	354.2M
Net DEX	174.4M	-9.11B	4.33B	1.59B	-9.11B
Net VEX	-84.7M	-92.8M	-79.5M	-85.6M	-92.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.52	1.08	0.79	0.80
Total Volume	346,164.15	170,161	721,599	219,336	545,579
Total OI	2,281,893.7	2,072,960	2,604,215	2,291,885	2,604,215

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
2022-07-01	$259.33	$262.50	34.5%	8.5%	37.2%	63.4%	30.8%	7.7%	-0.5%	166.7M	1.59B	-85.6M	0.79	2.12	N/A	N/A	122,526	96,810	1,262,872	1,029,013
2022-07-05	$262.19	$265.00	35.8%	10.0%	37.1%	67.7%	35.0%	7.6%	-1.2%	112.5M	590.6M	-86.4M	0.75	6.22	N/A	N/A	110,036	82,691	1,203,957	986,218
2022-07-06	$266.71	$265.00	34.5%	9.6%	37.7%	63.5%	33.9%	7.4%	-0.7%	210.3M	-1.23B	-88.2M	0.81	3.31	N/A	N/A	146,934	118,898	1,224,918	1,004,115
2022-07-07	$267.97	$270.00	32.6%	9.1%	37.3%	56.8%	32.2%	7.0%	-0.7%	246.7M	-1.68B	-88.4M	0.71	3.27	N/A	N/A	147,616	104,477	1,242,788	1,027,285
2022-07-08	$267.42	$270.00	32.9%	9.1%	37.2%	57.8%	31.5%	6.6%	-0.8%	187.5M	-1.40B	-87.6M	0.63	2.76	N/A	N/A	173,295	108,324	1,255,367	1,039,650
2022-07-11	$264.68	$270.00	34.2%	9.6%	36.9%	62.5%	35.4%	7.2%	-0.6%	140.1M	-83.6M	-86.0M	0.85	2.84	N/A	N/A	91,834	78,327	1,224,787	1,006,717
2022-07-12	$252.87	$265.00	36.7%	10.3%	36.9%	71.0%	34.7%	7.7%	-0.7%	-38.1M	4.06B	-80.3M	0.52	3.50	N/A	N/A	285,023	148,688	1,246,067	1,021,323
2022-07-13	$252.13	$265.00	36.7%	10.3%	32.3%	70.9%	35.5%	7.3%	-0.5%	-44.1M	4.33B	-80.0M	0.61	2.84	N/A	N/A	214,782	130,651	1,286,337	1,048,673
2022-07-14	$254.28	$265.00	35.5%	10.0%	32.3%	67.0%	34.9%	6.8%	-0.6%	14.0M	3.33B	-81.7M	0.60	2.94	N/A	N/A	199,178	119,160	1,307,040	1,069,998
2022-07-15	$255.94	$265.00	33.9%	9.6%	30.6%	61.5%	33.3%	6.8%	-0.7%	41.1M	2.45B	-81.1M	0.61	2.70	N/A	N/A	239,795	146,492	1,318,786	1,080,606
2022-07-18	$253.73	$265.00	35.3%	10.1%	28.2%	66.1%	33.9%	8.1%	-1.2%	2.5M	2.80B	-79.5M	0.61	3.01	N/A	N/A	152,684	93,860	1,124,399	948,561
2022-07-19	$258.96	$265.00	33.7%	9.6%	28.4%	60.5%	34.1%	7.4%	-0.6%	109.1M	1.11B	-83.0M	0.75	2.14	N/A	N/A	130,494	98,016	1,167,837	967,622
2022-07-20	$262.43	$265.00	33.1%	9.5%	27.7%	58.5%	33.4%	7.0%	0.7%	178.5M	-25.6M	-84.8M	0.68	2.34	N/A	N/A	160,308	108,723	1,182,458	989,927
2022-07-21	$264.12	$265.00	32.3%	9.3%	27.7%	55.8%	33.1%	7.0%	-0.6%	210.1M	-497.3M	-85.7M	0.79	2.36	N/A	N/A	146,897	116,105	1,199,144	1,008,373
2022-07-22	$260.18	$265.00	33.1%	9.5%	27.4%	58.6%	34.7%	7.1%	-0.6%	31.4M	1.15B	-83.3M	0.81	2.32	N/A	N/A	166,527	134,338	1,212,813	1,026,810
2022-07-25	$257.81	$260.00	34.2%	10.2%	25.7%	62.4%	35.4%	6.9%	-1.0%	40.1M	1.87B	-82.1M	1.08	2.03	N/A	N/A	118,635	128,510	1,171,505	989,948
2022-07-26	$251.37	$260.00	37.4%	11.0%	27.1%	73.2%	39.0%	7.3%	-1.2%	-14.7M	3.61B	-80.0M	0.82	2.15	N/A	N/A	288,228	236,954	1,209,956	1,020,086
2022-07-27	$269.08	$260.00	26.5%	7.6%	35.0%	36.3%	28.5%	6.1%	-0.0%	353.6M	-2.75B	-85.4M	0.78	2.17	N/A	N/A	404,821	316,778	1,286,741	1,109,525
2022-07-28	$276.46	$265.00	26.7%	7.5%	36.0%	37.0%	27.7%	5.7%	0.0%	485.3M	-6.62B	-91.9M	0.83	2.32	N/A	N/A	387,230	323,059	1,351,752	1,179,685
2022-07-29	$281.70	$265.00	24.3%	6.7%	36.0%	29.0%	24.8%	5.1%	0.4%	354.2M	-9.11B	-92.8M	0.80	1.96	N/A	N/A	302,589	242,990	1,369,889	1,234,326