MSFT Options History — May 2024

In May 2024, MSFT traded between $397.39 and $430.18. ATM implied volatility averaged 18.5%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 2.4% (HV 20d: 20.9%). Max pain ranged from $365.00 to $390.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2024-05-31: Highest Volume — 458,473 contracts
  • 2024-05-30: Largest IV spike — 13.3% change
  • 2024-05-01: Highest IV Rank — 29.2%
  • 2024-05-01: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$417.06$397.39$430.18$397.96$407.54
Max Pain$376.82$365.00$390.00$390.00$380.00
ATM IV18.5%16.1%22.6%22.6%19.8%
Expected Move5.3%4.6%6.7%6.7%5.8%
HV 20d20.9%13.0%24.2%22.4%19.7%
HV 60d19.8%19.2%20.7%20.6%19.8%
IV Rank8.1%0.0%29.2%29.2%20.7%
IV Percentile11.9%0.0%50.8%50.8%27.0%
Term Structure-0.0%-0.6%0.7%-0.3%-0.6%
VWIV18.9%16.2%23.4%23.4%20.6%
Skew 25d1.4%0.7%2.5%1.2%2.4%
Skew 10d3.3%1.9%6.0%3.0%5.8%
Call IV 25d18.0%15.4%22.3%22.3%19.2%
Put IV 25d19.4%16.8%23.6%23.6%21.6%
Bid-Ask Spread %3.472.524.584.583.32
Gamma HHI0.080.040.290.040.05
Net GEX809.3M102.8M1.91B313.9M102.8M
Net DEX-20.04B-24.99B-11.38B-12.53B-11.38B
Net VEX-125.6M-129.6M-121.7M-128.7M-126.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.190.820.450.69
Total Volume254,882.455112,055458,473268,956458,473
Total OI2,446,928.4092,239,8262,575,2032,527,2962,456,432

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$397.96$390.0022.6%6.7%22.4%29.2%23.4%1.2%-0.3%313.9M-12.53B-128.7M0.454.58N/AN/A185,61683,3401,337,8121,189,484
2024-05-02$397.39$390.0021.8%6.5%22.4%24.7%22.7%1.9%0.0%266.7M-12.23B-129.6M0.584.07N/AN/A116,22266,9831,356,4431,197,819
2024-05-03$406.61$390.0019.8%5.6%23.5%12.3%19.9%1.4%-0.1%668.0M-18.09B-127.7M0.663.09N/AN/A175,108114,9101,368,7701,206,433
2024-05-06$412.25$365.0019.7%5.7%24.2%11.7%20.3%1.3%0.7%730.2M-20.17B-125.8M0.614.26N/AN/A148,17189,7591,290,9961,152,684
2024-05-07$409.83$370.0019.5%5.7%24.2%10.6%20.2%1.3%0.4%678.3M-18.74B-127.9M0.793.76N/AN/A85,28966,9731,313,5081,170,900
2024-05-08$410.08$370.0019.6%5.6%24.2%10.9%20.1%1.2%0.2%688.9M-18.99B-127.5M0.823.80N/AN/A80,33865,6881,329,7681,187,236
2024-05-09$412.28$370.0018.8%5.4%23.6%6.2%19.2%1.2%0.3%812.2M-20.21B-125.9M0.713.61N/AN/A92,02264,9051,336,6621,197,984
2024-05-10$414.46$370.0018.2%5.3%23.2%2.4%18.7%1.0%0.3%1.19B-21.53B-125.1M0.563.65N/AN/A169,00495,0991,346,2041,216,000
2024-05-13$413.76$370.0019.0%5.4%22.1%7.4%19.0%1.0%-0.3%632.3M-19.37B-124.1M0.533.27N/AN/A144,78976,7061,284,0991,174,548
2024-05-14$416.90$370.0018.8%5.3%22.2%5.9%19.3%0.9%-0.3%754.1M-21.42B-123.2M0.193.96N/AN/A374,28169,8401,305,6441,198,422
2024-05-15$423.40$375.0017.4%5.0%22.6%0.0%17.5%1.0%-0.2%1.06B-23.17B-121.7M0.663.07N/AN/A180,992120,1341,250,3641,211,491
2024-05-16$420.44$375.0017.2%4.9%21.6%0.0%17.3%1.0%0.1%925.0M-21.22B-124.4M0.564.18N/AN/A143,57381,1231,274,6941,229,491
2024-05-17$420.02$375.0017.2%4.9%20.5%0.0%17.3%1.2%-0.1%1.19B-20.70B-125.7M0.623.89N/AN/A152,71194,7491,288,3791,241,771
2024-05-20$424.87$375.0017.1%4.9%20.7%0.0%17.1%1.0%0.1%820.5M-22.45B-123.0M0.523.06N/AN/A148,96176,9931,153,8401,085,986
2024-05-21$429.13$380.0016.8%4.8%20.4%0.0%16.9%0.7%0.0%1.04B-24.76B-122.8M0.443.67N/AN/A252,863111,3401,193,1471,106,657
2024-05-22$428.15$375.0017.0%4.9%20.4%1.1%17.0%1.2%0.1%983.9M-24.19B-124.1M0.373.20N/AN/A194,67472,3301,217,1761,128,143
2024-05-23$426.27$380.0017.3%4.9%18.0%2.7%17.3%1.7%0.1%964.8M-22.78B-127.2M0.663.24N/AN/A134,87588,6211,261,1941,144,436
2024-05-24$430.18$380.0016.1%4.6%16.9%0.0%16.2%1.5%0.3%1.91B-24.99B-125.6M0.622.52N/AN/A150,57292,7751,256,3721,157,406
2024-05-28$428.92$380.0016.9%4.8%15.7%4.4%17.5%1.7%-0.1%879.0M-22.99B-124.5M0.752.58N/AN/A78,92759,1841,195,8181,112,776
2024-05-29$429.36$380.0017.4%5.0%13.0%7.4%17.9%1.7%-0.2%904.3M-23.20B-125.1M0.812.63N/AN/A61,91350,1421,211,7501,129,612
2024-05-30$415.53$380.0019.7%5.8%18.2%20.3%20.3%2.5%-0.5%290.7M-15.68B-126.1M0.553.02N/AN/A281,144155,3021,222,2431,141,831
2024-05-31$407.54$380.0019.8%5.8%19.7%20.7%20.6%2.4%-0.6%102.8M-11.38B-126.6M0.693.32N/AN/A270,805187,6681,277,0061,179,426