MSFT Options History — August 2022

In August 2022, MSFT traded between $262.80 and $293.53. ATM implied volatility averaged 25.3%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 6.4% (HV 20d: 31.7%). Max pain ranged from $265.00 to $280.00. Net GEX was positive for 19 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.77.

Notable Days

  • 2022-08-16: Highest Volume — 560,243 contracts
  • 2022-08-26: Largest IV spike — 15.9% change
  • 2022-08-30: Highest IV Rank — 47.7%
  • 2022-08-30: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$280.70$262.80$293.53$278.41$263.33
Max Pain$273.59$265.00$280.00$265.00$275.00
ATM IV25.3%21.4%30.0%25.5%29.6%
Expected Move7.3%6.2%8.7%7.4%8.6%
HV 20d31.7%21.5%37.4%36.4%21.5%
HV 60d33.5%31.6%37.1%37.1%32.8%
IV Rank32.1%18.4%47.7%33.0%46.3%
IV Percentile37.9%21.8%59.1%38.5%55.6%
Term Structure0.3%-0.6%1.5%-0.4%-0.1%
VWIV25.7%22.3%30.0%25.7%30.0%
Skew 25d5.9%5.0%7.0%5.7%6.4%
Skew 10d11.7%10.1%13.6%11.8%12.7%
Call IV 25d22.8%19.6%27.3%23.4%27.1%
Put IV 25d28.7%24.7%33.7%29.1%33.5%
Bid-Ask Spread %2.341.384.782.401.95
Gamma HHI0.060.030.110.050.04
Net GEX291.9M-92.5M629.3M308.2M-35.2M
Net DEX-4.89B-11.42B3.38B-5.38B3.11B
Net VEX-95.5M-99.9M-88.6M-93.5M-89.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.201.170.831.17
Total Volume295,173.739215,318560,243329,808281,723
Total OI2,529,329.132,357,1582,659,4532,395,7602,584,274

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$278.41$265.0025.5%7.4%36.4%33.0%25.7%5.7%-0.4%308.2M-5.38B-93.5M0.832.40N/AN/A180,211149,5971,286,6231,109,137
2022-08-02$275.23$265.0026.8%7.8%36.7%37.4%27.7%6.4%-0.4%224.8M-3.82B-93.6M0.762.63N/AN/A190,093143,8811,325,4721,139,808
2022-08-03$282.77$265.0024.5%7.2%37.4%29.6%25.3%5.7%-0.1%495.3M-7.84B-95.4M0.642.33N/AN/A216,675139,0001,356,2061,155,529
2022-08-04$282.91$270.0024.4%7.1%37.4%29.4%26.6%5.8%-0.0%470.6M-7.75B-96.6M0.772.35N/AN/A135,440103,9191,369,2571,177,409
2022-08-05$282.48$270.0024.2%7.1%37.4%28.4%25.9%5.5%-0.3%402.4M-7.49B-96.4M0.882.66N/AN/A158,128138,6181,379,6051,190,856
2022-08-08$280.39$270.0024.6%7.2%37.3%30.0%25.4%5.6%0.6%318.7M-5.73B-95.1M0.831.92N/AN/A141,485118,0201,322,5121,127,228
2022-08-09$282.24$270.0026.2%7.6%32.6%35.4%26.3%5.7%0.2%366.8M-6.60B-96.8M0.724.30N/AN/A161,336115,6051,344,3331,152,255
2022-08-10$289.27$270.0022.7%6.7%33.1%23.4%24.5%5.2%0.6%578.4M-10.32B-96.6M0.862.32N/AN/A177,068152,8381,369,9611,176,857
2022-08-11$287.00$270.0023.9%7.0%33.5%27.6%24.2%5.8%0.7%505.6M-8.87B-97.3M0.702.30N/AN/A181,780126,6741,390,1411,205,567
2022-08-12$290.90$270.0022.6%6.6%33.6%23.1%24.2%5.3%0.7%629.3M-11.14B-97.8M0.791.72N/AN/A185,473146,6981,417,9901,227,363
2022-08-15$293.53$270.0021.8%6.3%33.1%19.7%23.0%5.3%0.8%580.3M-11.42B-98.1M0.611.82N/AN/A167,087101,1611,385,1001,191,914
2022-08-16$293.47$270.0021.4%6.2%32.9%18.4%22.9%5.1%0.8%575.7M-11.30B-98.7M0.202.27N/AN/A466,92793,3161,401,0411,215,199
2022-08-17$291.33$275.0023.3%6.7%33.1%24.9%23.6%5.4%1.4%459.1M-7.52B-99.9M0.824.50N/AN/A170,390138,9591,319,9851,236,367
2022-08-18$290.85$280.0022.4%6.4%33.2%21.7%22.3%5.0%0.9%457.7M-7.71B-99.9M0.672.01N/AN/A134,38889,4271,357,8291,271,189
2022-08-19$286.14$280.0024.1%6.8%33.3%27.4%23.7%5.8%0.8%196.8M-4.95B-99.1M1.001.87N/AN/A135,445135,8151,372,7141,286,739
2022-08-22$277.54$280.0026.9%7.7%35.3%37.1%26.9%6.6%0.1%68.6M-1.37B-95.3M0.891.38N/AN/A138,324123,5751,247,6251,109,533
2022-08-23$276.20$280.0027.5%7.7%33.7%39.1%24.7%6.7%-0.6%53.2M-964.8M-95.0M0.711.89N/AN/A143,967102,2701,282,2591,130,585
2022-08-24$276.71$280.0026.5%7.3%24.0%35.7%25.6%5.9%-0.2%87.3M-1.36B-95.1M0.991.50N/AN/A109,652108,1351,331,7121,145,479
2022-08-25$278.06$280.0025.0%7.1%22.1%30.7%24.9%5.8%0.1%143.9M-2.06B-94.8M0.641.63N/AN/A131,43683,8821,357,3151,159,032
2022-08-26$268.79$280.0029.0%8.2%24.1%44.3%28.4%7.0%-0.2%-92.5M2.12B-92.3M0.881.67N/AN/A194,567171,3541,379,8491,176,282
2022-08-29$265.67$280.0030.0%8.5%24.1%47.6%29.7%6.9%-0.0%-19.9M2.51B-89.8M0.671.66N/AN/A150,155100,7011,342,0821,137,947
2022-08-30$262.80$277.5030.0%8.7%24.1%47.7%29.9%6.3%1.5%-61.2M3.38B-88.6M0.644.78N/AN/A155,22998,5721,366,4131,161,997
2022-08-31$263.33$275.0029.6%8.6%21.5%46.3%30.0%6.4%-0.1%-35.2M3.11B-89.9M1.171.95N/AN/A129,567152,1561,402,7161,181,558