MSFT Options History — April 2024

In April 2024, MSFT traded between $393.11 and $428.77. ATM implied volatility averaged 27.8%, placing in the 64.1% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 10.9% (HV 20d: 16.9%). Max pain ranged from $380.00 to $405.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.67.

Notable Days

  • 2024-04-26: Highest Volume — 712,706 contracts
  • 2024-04-26: Largest IV drop — 35.6% change
  • 2024-04-25: Highest IV Rank — 100.0%
  • 2024-04-25: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$413.57$393.11$428.77$423.56$393.11
Max Pain$386.70$380.00$405.00$405.00$390.00
ATM IV27.8%21.9%34.0%25.1%23.0%
Expected Move7.7%5.2%10.6%5.2%6.9%
HV 20d16.9%14.2%21.7%20.7%21.7%
HV 60d19.6%18.7%20.7%19.3%20.7%
IV Rank64.1%25.3%100.0%47.1%31.9%
IV Percentile78.5%45.2%100.0%62.7%53.6%
Term Structure-0.9%-2.4%-0.2%-0.8%-0.2%
VWIV27.2%18.6%37.9%18.6%24.1%
Skew 25d2.3%1.3%3.4%1.3%1.4%
Skew 10d5.6%3.1%8.8%3.1%3.4%
Call IV 25d27.0%21.4%33.4%25.1%22.6%
Put IV 25d29.3%23.1%36.4%26.4%24.0%
Bid-Ask Spread %5.332.808.774.042.80
Gamma HHI0.060.030.170.060.04
Net GEX431.8M-101.4M1.12B587.1M126.9M
Net DEX-17.82B-25.76B-8.67B-22.76B-9.82B
Net VEX-126.5M-129.6M-123.5M-124.5M-127.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.530.830.590.72
Total Volume275,236.909138,603712,706203,389330,808
Total OI2,419,136.3642,180,2262,566,5812,333,9092,453,233

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$423.56$405.0025.1%5.2%20.7%47.1%18.6%1.3%-0.8%587.1M-22.76B-124.5M0.594.04N/AN/A128,15975,2301,198,7261,135,183
2024-04-02$421.95$405.0026.1%5.4%20.7%53.5%19.6%1.3%-0.5%537.2M-21.38B-127.7M0.624.27N/AN/A118,89774,0991,219,5581,156,551
2024-04-03$421.48$405.0026.4%5.4%16.8%55.9%19.4%1.5%-0.9%529.7M-21.20B-127.7M0.563.87N/AN/A110,90362,3531,238,5781,172,746
2024-04-04$419.63$380.0027.5%7.5%17.0%62.7%26.6%1.8%-1.4%533.7M-20.48B-128.4M0.648.77N/AN/A198,348127,0391,258,5681,176,032
2024-04-05$425.36$380.0026.3%7.4%16.6%54.8%25.7%1.5%-0.8%1.12B-24.18B-125.5M0.647.51N/AN/A175,913113,0581,274,9461,184,753
2024-04-08$425.32$380.0026.8%7.5%16.2%57.9%26.7%1.8%-0.5%663.2M-23.55B-123.8M0.666.79N/AN/A89,48859,3231,236,2511,157,793
2024-04-09$424.61$380.0026.7%7.4%16.1%57.4%26.5%2.1%-0.6%683.6M-23.21B-123.8M0.837.28N/AN/A88,14773,0951,254,5861,178,610
2024-04-10$422.53$380.0027.4%7.7%14.2%62.3%26.8%2.0%-0.6%529.3M-22.08B-123.5M0.718.43N/AN/A129,42491,8021,259,4431,192,714
2024-04-11$428.77$380.0026.8%7.5%15.0%58.3%26.7%1.6%-0.6%1.01B-25.76B-124.1M0.636.27N/AN/A153,23195,8821,278,8471,212,658
2024-04-12$422.17$380.0029.4%8.3%14.3%75.0%29.0%3.0%-0.5%369.4M-21.11B-128.3M0.647.68N/AN/A202,365129,2191,295,3371,226,019
2024-04-15$413.76$380.0030.3%8.6%14.5%81.1%30.1%3.1%-1.1%265.6M-17.22B-126.8M0.667.67N/AN/A149,52099,1511,263,0751,176,237
2024-04-16$415.72$380.0029.8%8.5%14.3%77.6%29.5%3.0%-0.8%322.3M-18.42B-125.5M0.606.44N/AN/A105,06763,5181,281,2981,195,594
2024-04-17$412.48$385.0030.6%8.8%14.5%82.8%30.2%3.3%-1.3%108.2M-16.50B-126.5M0.595.18N/AN/A135,15079,4061,289,1541,208,229
2024-04-18$404.81$385.0030.3%8.7%15.3%81.2%30.2%3.3%-1.0%-101.4M-11.99B-126.6M0.804.49N/AN/A179,880143,0801,312,6711,211,719
2024-04-19$398.31$390.0030.8%8.9%15.1%84.4%31.2%3.4%-1.0%22.8M-8.67B-127.4M0.834.51N/AN/A225,871186,6891,338,0891,228,492
2024-04-22$401.07$390.0030.2%9.0%15.5%80.1%31.9%3.0%-1.5%255.6M-11.93B-126.9M0.583.40N/AN/A117,94968,2661,138,1381,042,088
2024-04-23$407.24$385.0029.2%8.7%16.5%73.7%30.4%2.6%-1.5%375.8M-14.91B-126.9M0.643.85N/AN/A84,31254,2911,177,9351,060,972
2024-04-24$408.87$385.0029.9%9.1%16.6%78.6%31.9%2.8%-1.5%406.4M-15.63B-128.5M0.793.09N/AN/A77,94361,8601,200,3931,077,759
2024-04-25$398.96$385.0034.0%10.6%18.5%100.0%37.9%2.9%-2.4%261.1M-11.51B-129.6M0.724.97N/AN/A368,567266,0011,213,7341,101,667
2024-04-26$407.50$387.5021.9%6.2%20.4%25.3%22.9%1.7%-0.7%593.9M-15.86B-126.7M0.532.94N/AN/A465,635247,0711,332,2011,213,515
2024-04-29$401.33$390.0022.5%6.5%20.7%29.0%23.4%1.5%-0.3%303.7M-13.86B-126.7M0.713.07N/AN/A146,044103,1581,264,8361,132,072
2024-04-30$393.11$390.0023.0%6.9%21.7%31.9%24.1%1.4%-0.2%126.9M-9.82B-127.5M0.722.80N/AN/A191,859138,9491,295,2891,157,944