MSFT Options History — October 2022

In October 2022, MSFT traded between $225.16 and $250.29. ATM implied volatility averaged 38.3%, placing in the 74.5% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 0.6% (HV 20d: 37.6%). Max pain ranged from $240.00 to $255.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.83.

Notable Days

2022-10-26: Highest Volume — 910,682 contracts
2022-10-26: Largest IV drop — 11.9% change
2022-10-12: Highest IV Rank — 92.2%
2022-10-12: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$237.27	$225.16	$250.29	$240.98	$232.86
Max Pain	$248.33	$240.00	$255.00	$250.00	$240.00
ATM IV	38.3%	31.9%	43.1%	37.3%	31.9%
Expected Move	10.9%	9.3%	12.1%	9.8%	10.0%
HV 20d	37.6%	32.3%	47.5%	32.4%	46.7%
HV 60d	32.6%	30.5%	34.7%	31.2%	34.7%
IV Rank	74.5%	51.1%	92.2%	70.9%	51.3%
IV Percentile	87.2%	53.2%	99.2%	91.7%	54.0%
Term Structure	-1.1%	-2.2%	0.2%	-0.4%	-0.3%
VWIV	38.0%	32.3%	42.0%	34.2%	34.5%
Skew 25d	6.9%	4.7%	8.8%	7.6%	5.1%
Skew 10d	13.4%	9.2%	16.7%	15.0%	9.7%
Call IV 25d	35.0%	29.4%	39.0%	33.6%	30.0%
Put IV 25d	41.9%	34.4%	47.5%	41.2%	35.1%
Bid-Ask Spread %	2.68	1.83	4.75	1.83	2.46
Gamma HHI	0.06	0.03	0.18	0.05	0.04
Net GEX	-61.5M	-233.4M	185.8M	-42.5M	-48.4M
Net DEX	4.08B	-1.07B	8.53B	3.93B	4.03B
Net VEX	-79.7M	-87.2M	-72.9M	-81.9M	-77.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.52	1.38	0.88	0.63
Total Volume	374,295.429	225,028	910,682	285,426	225,028
Total OI	2,677,194.476	2,398,685	2,823,094	2,556,559	2,619,954

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
2022-10-03	$240.98	$250.00	37.3%	9.8%	32.4%	70.9%	34.2%	7.6%	-0.4%	-42.5M	3.93B	-81.9M	0.88	1.83	N/A	N/A	151,498	133,928	1,387,888	1,168,671
2022-10-04	$248.00	$250.00	35.2%	9.3%	34.3%	63.3%	32.7%	6.8%	-0.5%	68.2M	1.02B	-85.1M	0.69	2.08	N/A	N/A	220,363	151,921	1,407,069	1,179,168
2022-10-05	$250.29	$250.00	36.0%	9.3%	33.6%	66.3%	32.3%	7.0%	-0.5%	104.9M	265.8M	-87.2M	0.89	2.74	N/A	N/A	138,484	123,552	1,430,023	1,207,107
2022-10-06	$247.13	$255.00	37.8%	10.5%	33.8%	72.7%	35.8%	7.3%	-0.6%	50.9M	1.64B	-86.2M	0.96	3.64	N/A	N/A	122,354	117,812	1,450,385	1,228,818
2022-10-07	$233.82	$255.00	39.6%	11.0%	36.5%	79.2%	36.9%	8.0%	-0.6%	-233.4M	7.12B	-78.0M	0.80	2.91	N/A	N/A	244,287	194,991	1,465,232	1,245,759
2022-10-10	$229.75	$255.00	41.7%	11.6%	36.5%	86.9%	40.6%	8.3%	-1.2%	-188.5M	7.56B	-74.7M	0.97	2.01	N/A	N/A	165,157	160,370	1,423,918	1,191,549
2022-10-11	$225.16	$250.00	43.1%	12.0%	32.3%	91.8%	41.3%	8.8%	-1.1%	-211.9M	8.53B	-72.9M	0.78	2.84	N/A	N/A	193,794	151,495	1,451,519	1,209,504
2022-10-12	$226.56	$250.00	43.1%	12.1%	32.4%	92.2%	42.0%	8.0%	-1.1%	-189.7M	7.87B	-74.2M	1.38	2.15	N/A	N/A	139,165	192,322	1,484,111	1,227,461
2022-10-13	$234.96	$250.00	41.2%	11.5%	34.6%	85.1%	41.8%	7.3%	-1.2%	-68.7M	4.81B	-80.1M	0.87	2.44	N/A	N/A	261,627	226,566	1,514,273	1,247,416
2022-10-14	$229.72	$250.00	41.6%	11.7%	35.3%	86.7%	40.6%	7.1%	-1.4%	-170.7M	6.61B	-77.3M	0.92	2.48	N/A	N/A	159,818	146,419	1,539,369	1,273,316
2022-10-17	$237.45	$250.00	41.0%	11.6%	37.6%	84.3%	40.0%	7.4%	-1.8%	-79.0M	3.79B	-80.4M	0.61	2.05	N/A	N/A	150,955	91,427	1,482,820	1,221,810
2022-10-18	$238.69	$250.00	39.8%	11.4%	37.6%	80.1%	39.9%	7.4%	-1.9%	-54.7M	3.35B	-80.5M	0.78	2.91	N/A	N/A	160,482	125,562	1,503,393	1,233,024
2022-10-19	$235.69	$250.00	40.2%	11.5%	37.6%	81.6%	39.8%	7.2%	-2.1%	-109.5M	4.76B	-78.9M	1.10	4.75	N/A	N/A	158,712	175,255	1,519,393	1,258,187
2022-10-20	$235.71	$245.00	40.0%	11.6%	37.0%	80.6%	39.7%	7.2%	-2.0%	-78.1M	4.58B	-78.9M	0.96	3.12	N/A	N/A	137,190	131,676	1,547,318	1,239,513
2022-10-21	$242.40	$245.00	39.0%	11.4%	37.5%	77.2%	39.5%	7.0%	-2.2%	185.8M	1.48B	-82.8M	0.84	3.48	N/A	N/A	167,841	141,314	1,572,247	1,250,847
2022-10-24	$247.10	$245.00	39.6%	11.8%	38.1%	79.4%	41.5%	6.9%	-2.1%	36.9M	72.0M	-84.4M	0.81	2.23	N/A	N/A	157,064	127,813	1,297,116	1,101,569
2022-10-25	$250.13	$245.00	37.0%	11.3%	38.0%	70.0%	40.2%	5.9%	-0.9%	78.5M	-1.07B	-85.5M	0.87	2.51	N/A	N/A	251,354	217,521	1,334,501	1,143,046
2022-10-26	$232.89	$245.00	32.6%	10.0%	45.3%	54.0%	34.8%	4.7%	-0.4%	-199.7M	5.67B	-75.0M	0.64	2.62	N/A	N/A	556,040	354,642	1,405,119	1,210,860
2022-10-27	$227.42	$245.00	34.0%	10.2%	45.6%	58.9%	35.5%	4.9%	0.2%	-221.3M	7.04B	-73.5M	0.52	2.47	N/A	N/A	381,678	196,907	1,495,521	1,237,868
2022-10-28	$235.96	$240.00	31.9%	9.6%	47.5%	51.1%	33.5%	5.0%	-0.1%	78.8M	2.63B	-79.5M	0.61	2.62	N/A	N/A	345,783	210,037	1,564,413	1,250,009
2022-10-31	$232.86	$240.00	31.9%	10.0%	46.7%	51.3%	34.5%	5.1%	-0.3%	-48.4M	4.03B	-77.0M	0.63	2.46	N/A	N/A	137,697	87,331	1,441,401	1,178,553