MSFT Options History — October 2023

In October 2023, MSFT traded between $312.21 and $339.98. ATM implied volatility averaged 28.8%, placing in the 45.3% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 5.9% (HV 20d: 22.8%). Max pain ranged from $315.00 to $330.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.66.

Notable Days

  • 2023-10-25: Highest Volume — 822,375 contracts
  • 2023-10-25: Largest IV drop — 14.5% change
  • 2023-10-20: Highest IV Rank — 62.4%
  • 2023-10-20: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$328.82$312.21$339.98$320.31$337.82
Max Pain$319.77$315.00$330.00$320.00$330.00
ATM IV28.8%24.0%32.9%29.2%24.0%
Expected Move8.1%7.0%9.4%7.0%7.3%
HV 20d22.8%19.9%27.1%19.9%25.0%
HV 60d22.0%19.3%24.3%23.5%21.2%
IV Rank45.3%27.8%62.4%43.8%27.8%
IV Percentile57.0%24.6%85.3%56.3%24.6%
Term Structure-0.8%-1.9%0.2%-0.9%0.1%
VWIV28.6%24.2%32.4%24.2%26.1%
Skew 25d4.6%3.7%5.8%4.0%4.6%
Skew 10d8.9%7.6%11.0%7.9%9.1%
Call IV 25d26.6%22.2%30.0%27.0%22.2%
Put IV 25d31.2%26.8%35.5%31.0%26.8%
Bid-Ask Spread %2.211.663.121.662.32
Gamma HHI0.040.030.060.040.05
Net GEX394.4M5.3M802.7M229.9M547.3M
Net DEX-11.08B-16.41B-3.34B-7.59B-13.76B
Net VEX-104.7M-107.1M-102.0M-106.2M-103.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.480.930.550.62
Total Volume330,432.5157,727822,375232,421221,691
Total OI2,746,373.6362,432,4612,913,8622,686,8652,661,383

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$320.31$320.0029.2%7.0%19.9%43.8%24.2%4.0%-0.9%229.9M-7.59B-106.2M0.551.66N/AN/A150,28482,1371,389,2871,297,578
2023-10-03$312.21$320.0032.9%8.2%20.2%58.5%28.7%4.8%-1.1%5.3M-3.34B-106.5M0.701.81N/AN/A141,78698,6171,389,9131,320,111
2023-10-04$319.70$320.0030.4%7.3%22.4%48.6%25.5%4.6%-1.1%276.5M-7.52B-107.1M0.932.39N/AN/A118,548110,3521,417,8691,335,807
2023-10-05$319.27$315.0030.0%8.2%22.3%47.0%29.0%4.3%-1.1%252.1M-7.09B-106.9M0.732.38N/AN/A91,22266,5051,432,1671,348,472
2023-10-06$328.58$315.0028.3%7.7%24.5%40.2%27.9%4.0%-1.1%619.7M-13.05B-106.8M0.762.29N/AN/A255,644193,0451,444,0961,356,917
2023-10-09$329.56$315.0029.2%8.2%24.1%43.7%28.8%3.9%-0.4%460.5M-12.48B-106.3M0.612.08N/AN/A127,01477,6881,399,1751,318,609
2023-10-10$329.35$315.0028.6%8.0%23.4%41.6%28.9%3.8%-0.7%495.5M-12.35B-105.4M0.592.16N/AN/A148,09787,0541,421,7361,332,574
2023-10-11$332.03$315.0028.1%7.9%23.4%39.4%28.2%3.7%-0.6%627.6M-14.02B-104.1M0.541.87N/AN/A145,02578,9301,441,3111,355,631
2023-10-12$331.19$315.0027.8%7.8%23.1%38.2%26.8%3.9%-0.6%592.5M-13.37B-103.8M0.712.11N/AN/A176,398126,0051,457,0031,370,643
2023-10-13$327.40$315.0030.2%8.5%21.8%47.9%29.3%4.6%-0.8%279.9M-10.72B-105.0M0.682.19N/AN/A201,927137,3861,467,7461,387,294
2023-10-16$333.18$315.0027.9%8.0%22.4%41.2%28.4%4.5%-1.3%500.0M-14.00B-102.0M0.641.76N/AN/A178,132114,3671,421,6421,345,439
2023-10-17$330.86$315.0028.7%8.2%22.5%44.5%28.7%4.7%-1.4%455.3M-12.55B-102.7M0.631.75N/AN/A128,55880,5341,458,4361,371,931
2023-10-18$328.81$320.0030.1%8.6%21.4%52.2%30.3%5.2%-1.4%384.5M-11.38B-104.1M0.623.12N/AN/A175,840109,2691,473,3491,386,262
2023-10-19$331.09$320.0031.3%9.1%21.4%59.3%32.0%5.6%-1.6%439.9M-12.60B-105.3M0.662.61N/AN/A201,305132,3021,489,0301,402,651
2023-10-20$326.67$320.0032.0%9.4%21.6%62.4%32.3%5.8%-1.9%115.2M-9.71B-104.1M0.772.68N/AN/A178,908136,9231,498,7211,415,141
2023-10-23$330.02$320.0030.4%9.2%21.7%56.0%31.7%5.2%-0.7%312.1M-10.20B-102.8M0.482.26N/AN/A177,97385,8851,249,5711,182,890
2023-10-24$331.57$320.0030.0%9.1%20.2%54.8%32.4%4.2%-0.9%398.0M-11.38B-103.1M0.722.90N/AN/A263,196189,7121,316,2141,212,536
2023-10-25$339.98$320.0025.7%7.7%21.7%34.4%26.8%4.6%-0.2%802.7M-16.41B-103.2M0.612.03N/AN/A511,952310,4231,412,6701,295,619
2023-10-26$327.71$330.0026.7%8.1%26.1%41.2%28.3%4.7%-0.1%176.8M-7.89B-105.0M0.592.18N/AN/A383,249226,2191,429,5751,326,660
2023-10-27$329.04$330.0026.5%7.9%26.0%40.1%27.4%4.7%0.1%196.2M-8.80B-105.4M0.792.02N/AN/A318,539250,5271,463,0761,337,158
2023-10-30$337.63$330.0025.0%7.6%27.1%32.9%27.0%4.7%0.2%508.2M-13.62B-104.0M0.662.08N/AN/A169,015111,3321,335,4161,250,911
2023-10-31$337.82$330.0024.0%7.3%25.0%27.8%26.1%4.6%0.1%547.3M-13.76B-103.7M0.622.32N/AN/A136,64785,0441,370,9881,290,395