MSFT Options History — January 2024

In January 2024, MSFT traded between $367.43 and $409.69. ATM implied volatility averaged 26.4%, placing in the 50.3% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 12.8% (HV 20d: 13.6%). Max pain ranged from $340.00 to $380.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2024-01-31: Highest Volume — 917,955 contracts
  • 2024-01-31: Largest IV drop — 24.7% change
  • 2024-01-30: Highest IV Rank — 64.5%
  • 2024-01-30: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$389.22$367.43$409.69$369.88$398.77
Max Pain$362.62$340.00$380.00$340.00$380.00
ATM IV26.4%20.9%27.8%27.6%20.9%
Expected Move7.5%5.4%9.5%5.5%6.4%
HV 20d13.6%12.1%16.1%13.5%16.1%
HV 60d18.5%15.6%20.0%20.0%16.6%
IV Rank50.3%20.0%64.5%46.6%20.0%
IV Percentile55.5%24.6%68.7%60.3%24.6%
Term Structure-1.1%-1.5%-0.0%-1.0%-0.0%
VWIV26.6%18.4%33.2%19.3%23.0%
Skew 25d1.9%0.9%2.7%2.4%1.4%
Skew 10d3.9%2.5%5.1%5.1%3.0%
Call IV 25d25.6%20.6%27.3%26.6%20.6%
Put IV 25d27.5%22.0%29.0%29.0%22.0%
Bid-Ask Spread %2.961.516.381.812.57
Gamma HHI0.090.050.360.060.06
Net GEX959.1M271.1M1.96B538.5M471.0M
Net DEX-24.59B-36.23B-16.60B-18.51B-18.61B
Net VEX-99.8M-105.9M-94.2M-101.2M-105.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.330.750.560.47
Total Volume435,976241,108917,955379,057917,955
Total OI2,704,903.5242,092,1673,082,9702,819,9192,522,554

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$369.88$340.0027.6%5.5%13.5%46.6%19.3%2.4%-1.0%538.5M-18.51B-101.2M0.561.81N/AN/A243,267135,7901,423,5521,396,367
2024-01-03$370.63$340.0027.5%5.4%12.5%46.3%18.4%2.1%-0.9%654.6M-19.15B-102.5M0.701.51N/AN/A176,802122,9181,448,8621,433,680
2024-01-04$368.30$350.0027.2%7.4%12.4%44.8%25.7%2.3%-0.9%424.5M-17.35B-101.3M0.693.01N/AN/A162,494112,2031,465,3471,448,836
2024-01-05$367.43$350.0027.0%7.3%12.1%43.7%25.6%2.3%-1.0%271.1M-16.60B-100.6M0.753.67N/AN/A239,501180,4991,484,6211,467,550
2024-01-08$374.26$350.0026.6%7.3%13.7%41.8%26.9%2.1%-0.9%867.8M-21.87B-98.4M0.513.00N/AN/A235,383120,6951,433,3741,443,809
2024-01-09$374.99$360.0026.3%7.3%13.5%47.6%26.1%1.9%-0.9%993.3M-22.65B-98.7M0.492.76N/AN/A194,71794,9031,461,3531,463,969
2024-01-10$382.34$360.0026.1%7.2%14.6%48.4%25.4%1.7%-0.9%1.38B-28.46B-97.8M0.333.47N/AN/A491,932163,6601,482,2571,475,953
2024-01-11$384.38$360.0026.4%7.3%14.5%51.1%25.7%1.5%-1.1%1.57B-29.93B-99.4M0.353.23N/AN/A514,775182,5541,528,5471,491,042
2024-01-12$388.05$360.0026.1%7.2%14.6%49.8%25.7%1.4%-1.3%1.57B-32.42B-98.3M0.363.40N/AN/A358,608128,9291,545,2931,509,019
2024-01-16$389.75$365.0026.8%7.6%12.9%57.2%27.0%2.5%-1.3%1.29B-31.43B-94.7M0.406.38N/AN/A320,800127,1571,470,9691,465,364
2024-01-17$388.83$365.0027.1%7.8%12.6%58.8%27.0%2.7%-1.4%1.26B-30.18B-97.2M0.433.12N/AN/A303,961129,6441,491,1731,493,988
2024-01-18$392.86$365.0026.4%7.6%12.8%54.4%26.9%2.5%-1.5%1.59B-33.66B-98.6M0.443.64N/AN/A315,959139,8421,549,3421,527,646
2024-01-19$397.87$365.0025.6%7.5%13.3%49.4%26.2%2.2%-1.3%1.96B-36.23B-94.2M0.393.17N/AN/A386,036151,9561,527,3091,555,661
2024-01-22$396.97$370.0026.2%7.9%13.3%53.0%28.1%1.9%-1.0%733.7M-20.09B-96.6M0.492.64N/AN/A226,377111,8001,054,5491,037,618
2024-01-23$398.68$370.0025.9%8.0%13.3%52.3%27.8%1.9%-1.1%895.4M-21.15B-98.2M0.662.73N/AN/A145,55595,5531,101,7231,067,419
2024-01-24$403.51$370.0026.0%8.1%13.7%52.8%28.5%1.8%-1.2%969.8M-23.55B-99.7M0.582.63N/AN/A288,018167,7591,135,3081,111,116
2024-01-25$403.94$370.0027.1%8.5%13.7%59.9%30.2%1.6%-1.3%832.6M-23.13B-103.0M0.592.64N/AN/A217,815127,8611,158,3031,151,255
2024-01-26$403.38$375.0026.5%8.4%13.5%56.2%29.7%1.4%-1.2%610.8M-22.98B-103.6M0.572.61N/AN/A182,965104,0871,192,3871,193,830
2024-01-29$409.69$375.0026.8%8.9%14.1%58.2%31.6%1.2%-1.0%623.4M-24.14B-102.2M0.511.82N/AN/A210,759106,4651,121,7461,135,984
2024-01-30$409.10$375.0027.8%9.5%14.2%64.5%33.2%0.9%-1.2%636.6M-24.31B-103.8M0.682.38N/AN/A308,499209,0431,172,4581,161,841
2024-01-31$398.77$380.0020.9%6.4%16.1%20.0%23.0%1.4%-0.0%471.0M-18.61B-105.9M0.472.57N/AN/A623,924294,0311,276,8081,245,746