MSFT Options History — January 2026 In January 2026, MSFT traded between $428.74 and $483.95. ATM implied volatility averaged 30.5%, placing in the 39.8% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 8.3% (HV 20d: 22.3%). Max pain ranged from $450.00 to $480.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.73.
Notable Days 2026-01-29 : Highest Volume — 2,210,211 contracts2026-01-29 : Largest IV drop — 16.1% change2026-01-28 : Highest IV Rank — 47.4%2026-01-28 : Largest Expected Move — 10.2%Monthly Statistics Metric Avg Min Max Open Close Price $464.78 $428.74 $483.95 $471.61 $428.74 Max Pain $475.50 $450.00 $480.00 $450.00 $465.00 ATM IV 30.5% 25.3% 33.3% 28.5% 25.3% Expected Move 8.5% 5.8% 10.2% 5.8% 7.2% HV 20d 22.3% 15.0% 46.5% 17.8% 46.5% HV 60d 21.0% 18.7% 30.6% 18.7% 30.6% IV Rank 39.8% 25.2% 47.4% 34.0% 25.2% IV Percentile 88.5% 67.9% 94.8% 84.1% 67.9% Term Structure -1.1% -1.6% 0.1% -0.3% 0.1% VWIV 29.7% 20.5% 35.3% 20.5% 25.8% Skew 25d 1.9% -0.0% 3.6% 1.3% 1.2% Skew 10d 3.5% -1.9% 6.4% 3.3% 0.1% Call IV 25d 29.7% 25.2% 32.6% 27.9% 25.2% Put IV 25d 31.6% 26.3% 34.4% 29.2% 26.3% Bid-Ask Spread % 15.19 4.70 23.46 16.92 6.04 Gamma HHI 0.04 0.03 0.11 0.05 0.04 Net GEX 161.4M -337.0M 720.0M -220.1M 237.6M Net DEX -5.06B -13.99B 7.89B -4.29B 1.81B Net VEX -139.3M -191.1M -127.9M -130.6M -191.1M Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.73 0.43 2.14 0.50 0.43 Total Volume 563,839.2 241,859 2,210,211 502,905 1,136,435 Total OI 2,284,776.05 1,919,980 3,183,761 2,216,799 3,183,761
Daily Data (20 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 2026-01-02 $471.61 $450.00 28.5% 5.8% 17.8% 34.0% 20.5% 1.3% -0.3% -220.1M -4.29B -130.6M 0.50 16.92 N/A N/A 335,191 167,714 1,295,314 921,485 2026-01-05 $473.43 $480.00 28.4% 7.7% 17.8% 33.8% 26.8% 1.8% -1.1% 105.0M -6.25B -130.9M 0.89 4.70 N/A N/A 132,347 117,326 1,310,202 917,934 2026-01-06 $477.60 $480.00 28.5% 7.7% 18.0% 34.0% 27.0% 2.6% -0.9% 263.4M -8.41B -132.9M 0.75 5.32 N/A N/A 184,038 137,958 1,330,124 935,731 2026-01-07 $483.95 $480.00 28.5% 7.7% 17.6% 34.2% 27.1% 2.6% -0.9% 626.6M -11.94B -135.6M 0.55 14.14 N/A N/A 261,392 142,498 1,352,357 952,426 2026-01-08 $477.69 $480.00 29.4% 7.9% 18.1% 36.7% 27.7% 2.3% -1.0% 213.6M -8.25B -134.1M 1.46 23.46 N/A N/A 133,644 194,899 1,367,312 958,792 2026-01-09 $479.75 $480.00 29.2% 7.8% 15.5% 36.1% 27.4% 2.0% -1.5% 720.0M -9.83B -135.0M 0.79 16.78 N/A N/A 206,676 163,108 1,397,871 969,975 2026-01-12 $478.44 $480.00 29.8% 8.1% 15.0% 37.7% 28.1% 2.1% -1.1% 245.8M -9.03B -133.4M 0.90 17.84 N/A N/A 127,560 114,299 1,351,929 941,109 2026-01-13 $468.28 $480.00 31.4% 8.6% 16.4% 42.3% 29.8% 2.3% -1.3% -148.0M -4.34B -132.4M 0.66 14.84 N/A N/A 278,920 185,393 1,367,519 960,820 2026-01-14 $458.22 $480.00 33.2% 9.1% 17.9% 47.3% 31.3% 2.5% -1.5% -337.0M -564.5M -131.7M 0.90 16.29 N/A N/A 268,061 240,991 1,422,418 986,666 2026-01-15 $456.66 $475.00 32.9% 9.1% 17.8% 46.3% 31.2% 1.7% -1.6% -327.5M -634.3M -133.5M 2.14 15.89 N/A N/A 268,005 574,518 1,474,684 1,011,389 2026-01-16 $460.91 $475.00 31.0% 8.6% 18.1% 41.1% 29.7% 1.9% -1.5% 32.3M -4.38B -134.7M 0.66 17.10 N/A N/A 244,299 161,615 1,526,345 1,012,521 2026-01-20 $454.94 $475.00 32.4% 9.2% 17.4% 44.9% 31.5% 3.6% -1.6% -77.5M 747.8M -131.8M 0.48 20.16 N/A N/A 184,937 88,612 1,119,040 800,940 2026-01-21 $442.68 $480.00 33.0% 9.4% 19.4% 46.5% 32.5% 2.4% -1.6% -293.7M 4.28B -127.9M 0.51 21.50 N/A N/A 390,326 197,169 1,148,330 813,947 2026-01-22 $450.50 $475.00 31.3% 9.0% 20.7% 41.8% 31.3% 1.5% -1.5% 152.7M -751.3M -135.7M 0.53 21.67 N/A N/A 265,084 139,177 1,236,373 827,835 2026-01-23 $468.38 $475.00 32.0% 9.3% 25.5% 43.9% 32.5% 0.8% -1.6% 692.1M -10.06B -145.9M 0.53 19.58 N/A N/A 622,235 326,751 1,277,829 840,561 2026-01-26 $472.74 $475.00 32.2% 9.7% 25.8% 44.4% 33.7% 1.8% -1.1% 458.3M -9.91B -150.1M 0.50 15.10 N/A N/A 176,552 88,872 1,242,382 805,905 2026-01-27 $480.72 $475.00 32.7% 9.9% 26.6% 45.8% 34.3% 1.6% -1.2% 594.1M -13.28B -153.5M 0.44 10.79 N/A N/A 245,603 108,698 1,269,622 825,744 2026-01-28 $479.88 $475.00 33.3% 10.2% 26.6% 47.4% 35.3% 1.4% -1.4% 605.6M -13.99B -154.4M 0.52 13.76 N/A N/A 299,826 155,844 1,325,460 850,237 2026-01-29 $430.55 $475.00 27.9% 8.1% 46.5% 32.4% 29.7% -0.0% -0.3% -315.1M 7.89B -131.4M 0.48 11.89 N/A N/A 1,497,945 712,266 1,453,591 909,041 2026-01-30 $428.74 $465.00 25.3% 7.2% 46.5% 25.2% 25.8% 1.2% 0.1% 237.6M 1.81B -191.1M 0.43 6.04 N/A N/A 793,713 342,722 2,146,123 1,037,638
« Dec 2025 | All History | Feb 2026 » Home MSFT History January 2026