MSFT Options History — February 2024

In February 2024, MSFT traded between $399.98 and $420.46. ATM implied volatility averaged 19.3%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 1.1% (HV 20d: 20.4%). Max pain ranged from $365.00 to $390.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.59.

Notable Days

  • 2024-02-13: Highest Volume — 618,454 contracts
  • 2024-02-14: Largest IV drop — 7.5% change
  • 2024-02-21: Highest IV Rank — 20.4%
  • 2024-02-21: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$408.44$399.98$420.46$403.94$410.79
Max Pain$381.00$365.00$390.00$365.00$390.00
ATM IV19.3%18.2%21.0%19.2%18.6%
Expected Move5.6%5.3%6.1%5.6%5.3%
HV 20d20.4%16.4%23.4%16.4%20.9%
HV 60d17.1%16.2%17.9%16.6%17.1%
IV Rank9.8%2.4%20.4%9.1%5.5%
IV Percentile11.5%2.4%30.2%7.5%6.0%
Term Structure0.1%-0.3%0.6%0.2%-0.1%
VWIV19.9%18.7%21.9%19.8%18.7%
Skew 25d1.4%0.5%1.9%1.4%1.3%
Skew 10d3.5%2.0%4.5%3.6%3.8%
Call IV 25d19.0%18.1%20.5%18.9%18.3%
Put IV 25d20.4%18.8%22.3%20.2%19.6%
Bid-Ask Spread %2.502.033.122.032.13
Gamma HHI0.090.040.350.080.06
Net GEX757.1M304.0M1.83B746.1M675.5M
Net DEX-21.78B-31.70B-14.69B-21.72B-21.62B
Net VEX-117.1M-122.4M-109.2M-109.2M-122.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.321.000.560.79
Total Volume348,718.95175,142618,454534,156267,883
Total OI2,536,348.952,318,8992,692,0072,636,2852,508,253

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$403.94$365.0019.2%5.6%16.4%9.1%19.8%1.4%0.2%746.1M-21.72B-109.2M0.562.03N/AN/A341,988192,1681,342,3251,293,960
2024-02-02$411.39$365.0018.7%5.5%16.7%5.9%19.9%1.3%0.3%1.20B-27.27B-109.9M0.512.84N/AN/A406,339205,5601,374,3811,317,626
2024-02-05$404.92$370.0019.4%5.6%18.1%10.5%20.6%1.5%0.2%665.1M-21.74B-112.9M0.582.37N/AN/A182,786106,2801,254,6571,220,268
2024-02-06$404.02$370.0018.5%5.4%17.6%4.5%19.3%1.2%0.2%666.1M-21.38B-113.1M0.562.33N/AN/A132,91374,3701,287,8291,249,688
2024-02-07$413.84$370.0018.4%5.4%18.9%4.0%18.9%1.4%0.4%1.06B-27.76B-111.9M0.533.12N/AN/A305,364160,7951,304,7791,262,119
2024-02-08$413.75$380.0018.3%5.3%18.2%3.1%19.1%1.2%0.4%1.01B-27.11B-115.6M0.602.42N/AN/A157,92394,4061,327,7501,296,964
2024-02-09$420.46$380.0018.2%5.3%18.7%2.4%19.1%0.5%0.4%1.83B-31.70B-113.5M0.422.76N/AN/A342,826145,5031,347,3361,311,005
2024-02-12$415.18$380.0019.4%5.6%19.6%10.3%19.9%1.0%0.2%780.8M-26.56B-116.0M0.553.03N/AN/A199,083109,8341,286,9691,265,887
2024-02-13$406.36$385.0020.7%5.9%21.4%18.5%21.3%1.8%0.1%518.4M-20.70B-119.7M0.322.50N/AN/A468,049150,4051,322,3681,290,390
2024-02-14$408.74$385.0019.1%5.5%21.4%8.4%19.6%1.6%0.3%664.3M-20.48B-118.7M0.592.70N/AN/A198,345116,2621,284,3751,319,941
2024-02-15$406.39$385.0019.9%5.7%21.4%13.3%20.3%1.6%0.2%549.1M-18.94B-118.5M0.402.26N/AN/A235,44894,5031,299,5461,334,432
2024-02-16$404.08$385.0020.0%5.7%21.1%14.1%20.5%1.5%0.1%572.7M-17.44B-119.6M0.592.44N/AN/A207,023122,3701,334,0011,346,498
2024-02-20$401.50$385.0020.9%6.0%21.3%19.9%21.9%1.8%-0.3%353.2M-15.87B-118.6M0.942.35N/AN/A177,440167,5251,193,5301,125,369
2024-02-21$399.98$385.0021.0%6.1%21.3%20.4%21.9%1.9%-0.2%304.0M-14.69B-120.4M1.002.93N/AN/A124,958124,4211,232,3981,168,754
2024-02-22$411.72$385.0019.7%5.6%23.3%12.2%20.3%1.3%-0.1%914.6M-22.46B-118.2M0.502.13N/AN/A257,598128,3201,248,9181,197,214
2024-02-23$410.10$385.0019.1%5.4%23.3%8.1%19.0%1.0%-0.1%1.39B-21.39B-120.3M0.522.74N/AN/A238,098123,9011,281,7021,219,111
2024-02-26$407.74$390.0019.2%5.5%23.4%8.8%19.7%1.4%0.6%426.7M-19.02B-120.0M0.672.21N/AN/A128,50386,5251,204,3601,161,864
2024-02-27$406.72$390.0019.1%5.4%22.8%8.4%19.5%1.5%-0.3%371.1M-18.52B-121.2M0.572.29N/AN/A142,53780,9851,240,1681,191,787
2024-02-28$407.11$390.0019.0%5.4%22.8%8.0%19.0%1.3%-0.2%447.9M-19.16B-122.4M0.682.40N/AN/A104,35470,7881,272,6841,205,773
2024-02-29$410.79$390.0018.6%5.3%20.9%5.5%18.7%1.3%-0.1%675.5M-21.62B-122.3M0.792.13N/AN/A149,475118,4081,287,6331,220,620