MSFT Options History — December 2024

In December 2024, MSFT traded between $422.33 and $454.65. ATM implied volatility averaged 19.3%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 0.0% (HV 20d: 19.4%). Max pain ranged from $400.00 to $415.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.47.

Notable Days

  • 2024-12-05: Highest Volume — 521,326 contracts
  • 2024-12-18: Largest IV spike — 19.4% change
  • 2024-12-31: Highest IV Rank — 52.0%
  • 2024-12-19: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$439.78$422.33$454.65$431.20$422.33
Max Pain$402.14$400.00$415.00$415.00$400.00
ATM IV19.3%16.8%25.6%17.1%25.6%
Expected Move5.4%5.0%6.4%5.2%5.6%
HV 20d19.4%15.3%20.8%20.3%19.8%
HV 60d21.2%20.5%22.1%21.2%22.1%
IV Rank17.8%3.8%52.0%5.8%52.0%
IV Percentile24.7%1.6%68.3%3.2%68.3%
Term Structure1.4%-0.2%5.2%0.7%-0.2%
VWIV19.4%18.0%23.5%18.4%19.5%
Skew 25d1.5%0.4%4.0%0.9%2.9%
Skew 10d4.5%1.7%11.5%2.8%6.4%
Call IV 25d18.9%16.6%24.5%17.0%24.5%
Put IV 25d20.4%17.2%27.4%17.8%27.4%
Bid-Ask Spread %9.111.6947.361.761.82
Gamma HHI0.080.030.260.060.03
Net GEX1.13B124.1M2.66B1.03B124.1M
Net DEX-22.39B-32.29B-10.22B-19.55B-10.22B
Net VEX-127.6M-132.5M-120.4M-129.8M-121.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.290.790.410.55
Total Volume305,113.429120,781521,326356,187151,038
Total OI2,526,420.5242,271,1492,718,0612,437,7902,319,607

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$431.20$415.0017.1%5.2%20.3%5.8%18.4%0.9%0.7%1.03B-19.55B-129.8M0.411.76N/AN/A252,204103,9831,354,2001,083,590
2024-12-03$430.67$415.0017.0%5.1%20.0%4.9%18.0%1.1%0.4%1.11B-19.42B-128.7M0.581.70N/AN/A126,68973,2291,396,8571,104,518
2024-12-04$437.66$415.0017.0%5.1%20.4%5.3%18.3%0.6%0.6%1.45B-23.94B-129.7M0.371.69N/AN/A347,568127,0771,409,6231,118,408
2024-12-05$443.58$400.0017.1%5.2%19.8%5.6%18.9%0.4%0.5%1.60B-27.22B-132.5M0.342.07N/AN/A389,626131,7001,440,5581,149,839
2024-12-06$444.64$400.0016.8%5.1%19.3%3.8%18.4%0.5%0.7%2.66B-28.44B-131.6M0.391.99N/AN/A256,260100,7601,496,6531,174,058
2024-12-09$445.64$400.0018.1%5.3%18.9%11.3%19.3%0.5%0.3%1.40B-27.05B-131.7M0.461.83N/AN/A194,55090,1301,440,0091,136,176
2024-12-10$442.63$400.0017.8%5.3%18.5%9.6%18.9%0.5%0.4%1.29B-25.16B-129.6M0.412.11N/AN/A205,47184,5171,467,6111,159,898
2024-12-11$449.02$400.0017.6%5.2%18.6%8.6%18.7%0.5%0.5%1.63B-29.71B-127.9M0.424.81N/AN/A179,39674,6261,476,0991,176,560
2024-12-12$451.91$400.0017.7%5.2%18.6%9.0%18.8%0.7%0.7%1.83B-31.26B-128.4M0.3311.13N/AN/A374,232123,2501,480,7001,185,539
2024-12-13$447.83$400.0017.3%5.1%19.1%7.0%18.2%0.6%0.8%1.15B-27.50B-127.6M0.6015.56N/AN/A214,538129,3231,474,9811,202,015
2024-12-16$451.31$400.0018.1%5.2%15.3%10.9%19.0%0.6%1.1%1.48B-29.54B-126.2M0.362.20N/AN/A156,86356,7951,416,7481,165,208
2024-12-17$454.65$400.0018.6%5.4%15.3%14.1%19.3%0.6%0.9%1.69B-32.29B-123.7M0.3713.44N/AN/A170,38463,7551,441,5251,175,257
2024-12-18$439.12$400.0022.3%6.4%20.7%33.9%23.0%2.2%1.2%901.7M-21.10B-130.5M0.5642.42N/AN/A201,592113,8791,458,6271,191,186
2024-12-19$437.94$400.0022.4%6.4%20.6%34.5%23.5%4.0%0.2%777.3M-19.74B-131.5M0.7916.79N/AN/A176,372138,8801,474,5801,203,637
2024-12-20$436.74$400.0020.6%5.8%20.6%25.1%21.1%3.6%1.2%631.2M-18.78B-129.2M0.7147.36N/AN/A280,941198,4971,487,0251,231,036
2024-12-23$434.88$400.0019.9%5.5%20.8%20.8%19.5%2.5%4.2%572.1M-16.18B-127.6M0.342.32N/AN/A165,00155,5671,239,6481,031,501
2024-12-24$438.25$400.0018.3%5.0%20.8%12.4%18.9%1.9%4.8%851.3M-18.24B-126.0M0.292.15N/AN/A93,56127,2201,262,6821,047,618
2024-12-26$439.64$400.0019.8%5.0%18.6%20.6%18.1%1.6%5.2%997.8M-19.25B-123.5M0.4514.19N/AN/A152,44468,9381,273,7061,052,813
2024-12-27$429.05$400.0022.0%5.5%20.3%32.7%19.3%2.5%5.0%206.2M-13.10B-123.1M0.492.25N/AN/A243,777119,8431,303,1981,075,607
2024-12-30$426.70$400.0024.5%5.5%20.4%46.1%19.3%3.0%-0.2%279.6M-12.42B-120.4M0.621.79N/AN/A118,77174,1351,228,8261,046,904
2024-12-31$422.33$400.0025.6%5.6%19.8%52.0%19.5%2.9%-0.2%124.1M-10.22B-121.1M0.551.82N/AN/A97,23753,8011,251,0391,068,568