MSFT Options History — July 2024

In July 2024, MSFT traded between $418.12 and $467.62. ATM implied volatility averaged 27.0%, placing in the 61.2% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 11.3% (HV 20d: 15.8%). Max pain ranged from $395.00 to $420.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2024-07-31: Highest Volume — 793,958 contracts
  • 2024-07-31: Largest IV drop — 27.1% change
  • 2024-07-30: Highest IV Rank — 89.6%
  • 2024-07-30: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$445.06$418.12$467.62$455.28$418.12
Max Pain$409.09$395.00$420.00$420.00$415.00
ATM IV27.0%23.4%32.2%24.0%23.4%
Expected Move7.6%4.4%10.7%4.7%7.0%
HV 20d15.8%11.2%21.5%11.4%21.2%
HV 60d18.7%17.8%19.1%18.9%18.3%
IV Rank61.2%41.2%89.6%44.3%41.2%
IV Percentile77.0%55.6%99.2%57.1%55.6%
Term Structure-1.1%-1.6%-0.6%-0.6%-0.6%
VWIV26.8%15.9%36.8%17.1%24.3%
Skew 25d1.8%0.4%3.6%1.0%1.9%
Skew 10d4.3%1.1%7.8%2.5%4.0%
Call IV 25d26.4%22.9%30.5%24.1%22.9%
Put IV 25d28.2%24.6%33.7%25.1%24.7%
Bid-Ask Spread %4.752.728.383.314.54
Gamma HHI0.070.050.110.080.06
Net GEX716.6M3.7M1.44B1.09B76.2M
Net DEX-21.58B-35.32B-7.62B-28.65B-8.01B
Net VEX-132.9M-140.3M-122.5M-127.6M-134.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.431.090.890.53
Total Volume312,012.818123,545793,958191,210793,958
Total OI2,330,381.8182,182,0262,544,0692,182,0262,444,950

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$455.28$420.0024.0%4.7%11.4%44.3%17.1%1.0%-0.6%1.09B-28.65B-127.6M0.893.31N/AN/A101,05790,1531,172,6621,009,364
2024-07-02$458.69$420.0023.9%4.4%11.2%43.7%16.0%0.6%-0.7%1.25B-30.62B-125.5M0.682.72N/AN/A123,09383,5081,195,7181,036,575
2024-07-03$460.04$420.0024.1%4.4%11.2%44.7%15.9%0.6%-0.8%1.32B-31.18B-126.0M0.773.02N/AN/A69,76553,7801,209,7891,050,566
2024-07-05$467.62$395.0024.8%6.8%11.2%48.8%24.4%0.4%-0.8%1.44B-35.32B-122.5M0.514.63N/AN/A261,929134,2991,219,7171,057,289
2024-07-08$465.18$400.0025.1%6.9%11.7%50.2%24.4%0.8%-0.7%1.08B-32.54B-125.6M0.714.88N/AN/A98,35170,1081,205,8101,036,550
2024-07-09$458.88$400.0025.4%7.0%13.3%51.8%24.7%0.9%-1.0%1.01B-29.20B-127.9M0.535.24N/AN/A153,32281,7831,226,9001,055,448
2024-07-10$464.96$400.0025.6%7.0%13.6%53.2%24.6%0.9%-1.2%1.23B-32.86B-126.7M0.434.38N/AN/A219,52395,1381,252,3531,070,529
2024-07-11$454.96$400.0026.3%7.2%16.2%56.8%25.5%1.1%-1.3%888.7M-26.52B-131.3M0.558.38N/AN/A232,052127,6161,278,8031,095,186
2024-07-12$453.88$400.0026.2%7.3%15.0%56.2%25.6%0.9%-1.2%951.7M-26.01B-131.7M0.686.60N/AN/A232,232157,8251,308,8591,114,103
2024-07-15$452.39$410.0026.7%7.5%15.1%59.1%26.8%1.2%-1.3%1.08B-25.39B-132.0M0.464.30N/AN/A136,92663,4981,280,9451,091,905
2024-07-16$449.59$410.0026.1%7.4%15.3%55.9%26.3%1.5%-1.2%953.0M-23.57B-131.1M0.544.02N/AN/A187,698101,2911,307,2651,109,974
2024-07-17$443.18$410.0027.2%7.8%14.9%62.1%27.2%2.2%-1.5%659.6M-19.56B-134.9M0.835.85N/AN/A175,226146,0421,346,7821,138,107
2024-07-18$439.56$410.0027.5%8.0%14.9%63.7%28.0%2.5%-1.5%395.4M-17.57B-137.3M0.666.17N/AN/A201,760132,2841,362,5371,159,989
2024-07-19$436.54$410.0028.9%8.4%15.1%71.4%29.4%2.5%-1.6%256.3M-16.34B-138.1M1.096.24N/AN/A197,156215,7571,383,7021,160,367
2024-07-22$443.61$410.0027.4%8.2%15.9%62.8%28.8%2.1%-0.9%526.2M-18.60B-136.6M0.694.35N/AN/A105,36272,8161,145,8261,053,015
2024-07-23$443.59$410.0027.2%8.3%15.9%62.0%29.3%2.3%-1.0%501.9M-18.45B-136.9M0.584.80N/AN/A103,84860,4921,156,1411,071,335
2024-07-24$429.33$410.0029.8%9.2%19.4%76.8%32.0%3.6%-1.0%135.3M-11.57B-138.3M0.704.89N/AN/A191,979134,7631,167,9731,085,481
2024-07-25$420.03$410.0031.6%9.8%20.5%86.3%33.6%3.6%-1.4%3.7M-7.62B-138.7M0.715.05N/AN/A241,089170,1951,203,2861,109,887
2024-07-26$425.36$410.0030.5%9.6%21.2%80.6%33.4%3.1%-1.5%318.1M-11.18B-140.0M0.653.23N/AN/A260,974169,3851,249,6331,109,040
2024-07-29$428.23$415.0031.3%10.3%21.4%84.6%35.8%3.0%-1.6%335.8M-13.17B-140.3M0.753.29N/AN/A113,13384,9111,170,3411,067,441
2024-07-30$422.25$415.0032.2%10.7%21.5%89.6%36.8%2.5%-1.6%257.8M-10.75B-139.7M0.894.51N/AN/A221,823196,3821,202,7651,093,492
2024-07-31$418.12$415.0023.4%7.0%21.2%41.2%24.3%1.9%-0.6%76.2M-8.01B-134.1M0.534.54N/AN/A517,315276,6431,274,9501,170,000