MSFT Options History — June 2025

In June 2025, MSFT traded between $461.50 and $498.46. ATM implied volatility averaged 17.6%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 6.5% (HV 20d: 11.1%). Max pain ranged from $410.00 to $440.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2025-06-12: Highest Volume — 393,544 contracts
  • 2025-06-30: Largest IV spike — 16.3% change
  • 2025-06-30: Highest IV Rank — 17.4%
  • 2025-06-13: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$478.36$461.50$498.46$461.50$498.46
Max Pain$427.50$410.00$440.00$410.00$440.00
ATM IV17.6%16.3%22.5%18.2%22.5%
Expected Move4.8%4.4%5.2%5.0%4.4%
HV 20d11.1%9.9%12.5%11.1%11.1%
HV 60d36.0%34.7%37.6%37.6%34.7%
IV Rank3.5%0.0%17.4%4.6%17.4%
IV Percentile8.8%0.0%48.0%11.5%48.0%
Term Structure2.0%-0.7%7.3%0.4%-0.7%
VWIV17.7%15.9%19.0%18.5%16.8%
Skew 25d4.0%2.9%4.8%4.6%3.7%
Skew 10d9.5%7.0%11.5%10.8%8.8%
Call IV 25d15.9%14.6%22.6%16.2%22.6%
Put IV 25d19.9%18.4%26.3%20.8%26.3%
Bid-Ask Spread %5.241.5243.471.5243.47
Gamma HHI0.080.060.140.060.09
Net GEX1.45B1.06B1.89B1.06B1.41B
Net DEX-31.26B-35.65B-25.80B-25.80B-34.09B
Net VEX-136.7M-141.0M-131.0M-134.5M-139.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.441.100.640.75
Total Volume250,892.25139,996393,544139,996197,540
Total OI2,250,954.251,967,3202,483,7752,151,4872,096,504

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$461.50$410.0018.2%5.0%11.1%4.6%18.5%4.6%0.4%1.06B-25.80B-134.5M0.641.52N/AN/A85,17954,8171,233,130918,357
2025-06-03$462.93$410.0016.9%4.7%11.1%0.8%17.5%4.4%0.5%1.16B-26.44B-134.0M0.641.84N/AN/A102,87565,9161,253,758932,645
2025-06-04$464.30$410.0016.7%4.5%10.9%0.2%16.6%4.2%0.5%1.26B-27.05B-132.8M0.561.65N/AN/A102,94157,7441,267,514943,521
2025-06-05$468.53$420.0016.9%5.1%11.0%0.7%19.0%4.3%0.4%1.50B-29.31B-133.3M0.663.39N/AN/A144,39695,5501,280,940956,186
2025-06-06$470.77$425.0016.3%4.9%10.9%0.0%18.2%3.8%0.5%1.70B-30.63B-131.0M0.563.05N/AN/A225,509125,2401,295,444972,864
2025-06-09$472.78$420.0016.4%4.9%10.7%0.3%18.5%3.7%0.5%1.34B-30.91B-132.1M0.653.10N/AN/A139,74691,2201,274,014959,177
2025-06-10$470.00$425.0016.8%5.0%10.0%1.4%18.4%3.8%0.5%1.24B-29.30B-133.8M0.763.98N/AN/A119,92290,8741,317,536985,323
2025-06-11$472.25$425.0017.2%5.1%9.9%2.5%18.3%3.6%0.6%1.48B-30.66B-134.3M0.763.04N/AN/A151,207114,2501,337,777998,500
2025-06-12$479.04$425.0016.9%4.9%10.7%1.5%17.7%3.6%0.5%1.84B-34.45B-134.5M0.673.02N/AN/A235,223158,3211,345,2531,021,051
2025-06-13$473.79$430.0017.8%5.2%11.8%4.2%18.6%4.4%0.5%1.19B-30.37B-139.9M0.835.24N/AN/A183,851153,2131,387,5191,052,399
2025-06-16$478.74$430.0016.7%4.8%12.1%1.0%18.6%4.0%1.1%1.60B-33.55B-136.3M0.513.06N/AN/A152,48277,8331,357,5371,002,927
2025-06-17$477.91$430.0017.5%5.0%11.6%3.2%19.0%4.8%1.0%1.51B-33.24B-140.8M0.824.08N/AN/A93,09676,0321,406,8101,021,520
2025-06-18$479.86$430.0017.3%5.0%11.5%2.7%18.0%4.7%0.9%1.63B-34.28B-141.0M1.104.10N/AN/A81,13288,9231,420,2721,043,350
2025-06-20$477.30$430.0018.4%5.2%11.3%5.7%18.4%4.3%0.9%1.23B-32.60B-139.2M0.813.75N/AN/A154,045125,0851,429,6001,054,175
2025-06-23$485.65$435.0017.8%4.9%12.5%4.2%16.9%4.4%6.0%1.30B-29.02B-137.8M0.683.03N/AN/A174,068118,3561,158,558808,762
2025-06-24$489.68$435.0016.7%4.5%11.9%1.1%16.3%3.2%6.5%1.51B-31.35B-138.4M0.743.59N/AN/A161,294119,5791,204,135840,257
2025-06-25$491.45$440.0017.3%4.6%10.8%2.8%16.6%3.8%6.4%1.56B-32.22B-139.9M0.643.03N/AN/A138,37988,1211,229,232870,725
2025-06-26$497.06$440.0018.6%4.6%10.8%6.2%16.6%3.4%6.7%1.89B-35.65B-140.9M0.443.55N/AN/A235,427102,9581,262,070887,899
2025-06-27$495.24$440.0019.4%4.5%11.1%8.6%15.9%2.9%7.3%1.63B-34.22B-140.8M0.633.22N/AN/A205,629129,8721,279,002912,842
2025-06-30$498.46$440.0022.5%4.4%11.1%17.4%16.8%3.7%-0.7%1.41B-34.09B-139.2M0.7543.47N/AN/A113,11884,4221,227,433869,071