MSFT Options History — November 2025 In November 2025, MSFT traded between $473.77 and $515.63. ATM implied volatility averaged 23.4%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 2.9% (HV 20d: 20.5%). Max pain ranged from $475.00 to $515.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.56.
Notable Days 2025-11-20 : Highest Volume — 664,293 contracts2025-11-21 : Largest IV drop — 9.8% change2025-11-20 : Highest IV Rank — 33.3%2025-11-20 : Largest Expected Move — 8.1%Monthly Statistics Metric Avg Min Max Open Close Price $496.93 $473.77 $515.63 $515.63 $491.09 Max Pain $481.58 $475.00 $515.00 $515.00 $475.00 ATM IV 23.4% 20.9% 28.2% 21.7% 20.9% Expected Move 6.8% 6.1% 8.1% 6.4% 6.1% HV 20d 20.5% 17.3% 23.4% 17.8% 20.6% HV 60d 17.2% 16.4% 18.4% 16.5% 18.4% IV Rank 19.8% 12.7% 33.3% 15.0% 12.7% IV Percentile 57.5% 39.3% 83.7% 47.6% 39.3% Term Structure -0.0% -1.0% 0.6% 0.6% 0.3% VWIV 24.0% 21.9% 27.2% 22.9% 21.9% Skew 25d 2.5% 0.9% 6.1% 1.5% 2.3% Skew 10d 5.9% 2.7% 13.0% 3.2% 5.6% Call IV 25d 22.6% 19.9% 25.5% 21.3% 19.9% Put IV 25d 25.1% 22.2% 31.6% 22.8% 22.2% Bid-Ask Spread % 6.76 3.24 48.99 3.59 4.62 Gamma HHI 0.05 0.03 0.22 0.04 0.05 Net GEX 524.0M -120.5M 2.07B 554.9M 1.08B Net DEX -13.99B -21.18B -2.85B -20.54B -17.58B Net VEX -160.6M -167.6M -147.6M -164.1M -156.5M Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.56 0.34 1.53 0.40 0.34 Total Volume 371,430.421 201,872 664,293 335,740 252,906 Total OI 2,688,674.263 2,505,130 2,816,927 2,508,164 2,646,498
Daily Data (19 trading days) Date Price Max Pain ATM IV Exp Move HV 20d IV Rank VWIV Skew 25d Term Str GEX DEX VEX P/C Spread % Call Wall Put Wall Call Vol Put Vol Call OI Put OI 2025-11-03 $515.63 $515.00 21.7% 6.4% 17.8% 15.0% 22.9% 1.5% 0.6% 554.9M -20.54B -164.1M 0.40 3.59 N/A N/A 240,175 95,565 1,475,014 1,033,150 2025-11-04 $514.71 $515.00 21.6% 6.4% 17.3% 14.8% 22.8% 1.4% 0.6% 476.6M -20.07B -165.8M 0.51 3.24 N/A N/A 175,251 88,923 1,535,763 1,071,346 2025-11-05 $507.14 $515.00 22.8% 6.8% 17.9% 18.0% 24.0% 1.0% 0.3% 153.6M -15.47B -165.7M 0.37 3.62 N/A N/A 249,889 91,875 1,556,883 1,091,936 2025-11-06 $497.64 $475.00 23.2% 6.8% 18.9% 19.2% 24.1% 1.7% 0.2% -43.0M -9.93B -163.9M 0.73 5.40 N/A N/A 330,526 241,955 1,627,542 1,107,439 2025-11-07 $496.63 $475.00 23.0% 6.7% 18.3% 18.6% 23.7% 1.8% 0.2% 71.1M -10.19B -164.7M 0.51 5.03 N/A N/A 290,305 149,318 1,683,777 1,109,236 2025-11-10 $506.24 $475.00 22.1% 6.4% 19.7% 16.2% 22.9% 1.0% 0.2% 656.7M -17.46B -165.0M 0.36 4.20 N/A N/A 223,747 81,159 1,598,241 1,082,701 2025-11-11 $509.20 $475.00 21.2% 6.2% 19.8% 13.6% 22.1% 1.2% 0.3% 802.9M -19.36B -165.7M 0.68 3.73 N/A N/A 147,088 99,380 1,632,529 1,096,444 2025-11-12 $511.08 $475.00 22.3% 6.5% 19.8% 16.6% 23.0% 0.9% 0.3% 888.1M -21.14B -167.6M 0.37 3.44 N/A N/A 291,374 108,337 1,653,865 1,112,284 2025-11-13 $503.20 $475.00 23.8% 6.9% 20.5% 20.9% 24.2% 2.2% 0.1% 635.8M -15.48B -165.8M 0.50 6.22 N/A N/A 220,524 109,765 1,683,471 1,125,262 2025-11-14 $509.88 $475.00 22.8% 6.6% 20.9% 18.1% 23.5% 2.2% 0.2% 2.07B -21.18B -165.9M 0.46 6.21 N/A N/A 279,950 128,057 1,706,503 1,110,424 2025-11-17 $506.81 $475.00 24.4% 7.0% 20.9% 22.7% 24.6% 2.6% -0.5% 808.4M -19.26B -162.9M 0.57 4.58 N/A N/A 128,867 73,005 1,602,752 1,044,930 2025-11-18 $494.51 $475.00 26.5% 7.6% 22.5% 28.5% 26.6% 2.9% -0.8% 383.9M -12.23B -161.7M 0.43 4.94 N/A N/A 299,130 128,298 1,625,714 1,062,215 2025-11-19 $487.08 $475.00 26.5% 7.6% 22.7% 28.5% 26.4% 4.0% -0.8% 228.7M -8.34B -157.1M 0.40 3.93 N/A N/A 251,349 99,834 1,677,302 1,082,430 2025-11-20 $476.81 $480.00 28.2% 8.1% 23.4% 33.3% 27.2% 6.1% -1.0% -40.3M -2.85B -154.9M 1.53 5.65 N/A N/A 262,555 401,738 1,699,447 1,099,151 2025-11-21 $473.77 $475.00 25.5% 7.4% 23.1% 25.6% 26.1% 5.6% -0.7% -120.5M -3.70B -151.3M 0.83 48.99 N/A N/A 253,801 210,188 1,733,446 1,069,381 2025-11-24 $474.75 $475.00 23.4% 6.9% 22.2% 19.8% 23.7% 4.4% -0.2% 177.7M -6.39B -147.6M 0.53 4.36 N/A N/A 226,114 119,506 1,519,601 985,529 2025-11-25 $478.06 $475.00 22.6% 6.6% 20.3% 17.5% 23.2% 3.1% -0.1% 344.6M -9.33B -149.6M 0.66 3.33 N/A N/A 209,824 138,217 1,551,193 994,024 2025-11-26 $487.35 $475.00 22.0% 6.4% 22.2% 15.8% 23.1% 2.4% 0.3% 820.5M -15.34B -155.8M 0.47 3.41 N/A N/A 244,509 114,174 1,592,131 1,005,257 2025-11-28 $491.09 $475.00 20.9% 6.1% 20.6% 12.7% 21.9% 2.3% 0.3% 1.08B -17.58B -156.5M 0.34 4.62 N/A N/A 188,099 64,807 1,622,511 1,023,987
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