MSFT Options History — September 2024

In September 2024, MSFT traded between $401.78 and $438.67. ATM implied volatility averaged 22.1%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 5.5% (HV 20d: 16.7%). Max pain ranged from $410.00 to $420.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.64.

Notable Days

  • 2024-09-17: Highest Volume — 322,338 contracts
  • 2024-09-30: Largest IV spike — 9.3% change
  • 2024-09-30: Highest IV Rank — 51.1%
  • 2024-09-03: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$423.91$401.78$438.67$407.84$428.15
Max Pain$416.00$410.00$420.00$410.00$420.00
ATM IV22.1%19.0%25.4%23.4%25.4%
Expected Move6.1%5.2%7.1%7.1%5.8%
HV 20d16.7%14.6%17.9%15.9%17.1%
HV 60d19.5%18.6%20.0%19.1%19.6%
IV Rank33.3%16.1%51.1%39.9%51.1%
IV Percentile50.7%18.3%68.3%59.5%68.3%
Term Structure1.3%-0.7%3.9%-0.7%0.6%
VWIV21.4%18.3%24.9%24.9%20.7%
Skew 25d3.0%2.1%4.2%3.7%3.4%
Skew 10d6.8%5.1%9.5%8.4%7.3%
Call IV 25d20.9%17.3%24.9%22.1%24.9%
Put IV 25d23.9%19.7%28.3%25.8%28.3%
Bid-Ask Spread %3.531.6510.013.041.96
Gamma HHI0.050.040.100.040.04
Net GEX417.8M-314.5M981.8M-30.5M412.1M
Net DEX-12.85B-21.06B-2.66B-5.69B-12.54B
Net VEX-132.9M-135.6M-129.7M-134.9M-131.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.450.990.790.54
Total Volume212,475.4148,448322,338188,036148,448
Total OI2,322,286.92,070,0602,505,3012,299,4072,160,941

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$407.84$410.0023.4%7.1%15.9%39.9%24.9%3.7%-0.7%-30.5M-5.69B-134.9M0.793.04N/AN/A105,09982,9371,176,6961,122,711
2024-09-04$409.77$410.0023.4%7.0%14.6%40.1%24.3%3.7%-0.4%8.8M-6.49B-135.6M0.692.39N/AN/A105,92872,8771,197,6741,145,563
2024-09-05$407.38$415.0023.9%6.8%14.7%42.7%23.0%3.9%-0.5%-73.2M-5.40B-135.0M0.604.82N/AN/A105,55463,7341,216,7951,160,393
2024-09-06$401.78$415.0024.9%7.1%15.4%48.5%24.1%4.2%-0.4%-314.5M-2.66B-133.9M0.9910.01N/AN/A131,544130,3501,234,2441,170,140
2024-09-09$403.52$415.0023.5%6.7%15.0%40.6%23.7%4.0%0.2%-141.3M-3.94B-131.8M0.824.24N/AN/A81,67667,3081,171,6621,144,361
2024-09-10$412.33$415.0023.2%6.6%16.9%39.1%23.4%3.4%-0.0%177.6M-8.32B-133.0M0.833.93N/AN/A107,46289,7331,193,3171,159,182
2024-09-11$420.80$415.0022.2%6.3%17.0%33.9%23.4%3.1%-0.1%486.2M-12.52B-134.1M0.734.17N/AN/A120,26888,0011,200,2681,165,187
2024-09-12$426.51$415.0021.5%6.2%17.5%30.0%22.6%2.6%-0.0%704.1M-15.75B-133.3M0.673.85N/AN/A158,076105,6781,223,4291,179,885
2024-09-13$431.13$415.0021.0%6.0%17.6%27.1%21.5%2.3%0.0%860.8M-18.71B-133.0M0.516.15N/AN/A209,499106,9191,242,9311,192,067
2024-09-16$431.22$415.0021.2%6.1%17.5%28.1%21.1%2.7%2.2%670.6M-17.21B-134.2M0.562.47N/AN/A127,41471,8211,213,7371,159,161
2024-09-17$434.36$415.0021.4%6.1%17.6%29.3%21.9%2.3%2.0%744.8M-18.82B-134.7M0.452.81N/AN/A222,265100,0731,229,3361,177,403
2024-09-18$432.13$415.0021.0%6.0%17.3%27.2%21.7%2.4%2.4%669.8M-17.51B-134.3M0.484.51N/AN/A134,34264,5701,248,6281,194,329
2024-09-19$438.67$415.0019.6%5.5%17.9%19.1%19.2%2.1%2.3%981.8M-21.06B-133.1M0.603.08N/AN/A158,72295,8651,265,1241,202,074
2024-09-20$437.87$415.0019.0%5.2%16.3%16.1%18.6%2.5%2.6%862.0M-20.50B-131.8M0.693.41N/AN/A118,30481,7131,285,6981,219,603
2024-09-23$433.91$420.0020.2%5.2%16.8%22.5%18.4%2.7%2.9%547.2M-15.31B-129.7M0.772.10N/AN/A86,09566,3591,092,608977,452
2024-09-24$429.22$420.0021.1%5.3%17.2%27.4%18.6%2.6%2.9%399.5M-13.12B-129.9M0.512.25N/AN/A159,49081,0611,116,607996,892
2024-09-25$431.97$420.0021.5%5.3%17.2%29.6%18.3%2.9%3.9%583.2M-14.51B-131.6M0.461.87N/AN/A119,79354,7461,152,6611,018,218
2024-09-26$431.22$420.0022.3%5.4%16.9%34.2%18.5%2.9%3.0%525.5M-14.22B-131.1M0.491.81N/AN/A138,10568,1481,170,1741,035,087
2024-09-27$428.50$420.0023.2%5.6%17.1%39.3%19.8%2.8%3.0%280.8M-12.72B-132.3M0.671.65N/AN/A131,57187,9601,189,7811,043,719
2024-09-30$428.15$420.0025.4%5.8%17.1%51.1%20.7%3.4%0.6%412.1M-12.54B-131.0M0.541.96N/AN/A96,14052,3081,144,4431,016,498