MSFT Options History — March 2026 In March 2026, MSFT traded between $357.00 and $409.56. ATM implied volatility averaged 29.4%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 4.3% (HV 20d: 25.1%). Max pain ranged from $390.00 to $420.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.95.
Notable Days 2026-03-27 : Highest Volume — 1,403,763 contracts2026-03-27 : Largest IV spike — 11.8% change2026-03-30 : Highest IV Rank — 60.7%2026-03-30 : Largest Expected Move — 10.9%Monthly Statistics Metric Avg Min Max Open Close Price $390.14 $357.00 $409.56 $397.40 $371.75 Max Pain $407.95 $390.00 $420.00 $420.00 $390.00 ATM IV 29.4% 24.9% 38.0% 29.9% 35.6% Expected Move 8.5% 7.1% 10.9% 8.7% 10.2% HV 20d 25.1% 20.0% 36.0% 35.4% 23.8% HV 60d 34.6% 34.1% 35.8% 34.7% 35.8% IV Rank 36.5% 24.0% 60.7% 38.1% 54.0% IV Percentile 76.5% 57.5% 98.4% 84.9% 96.4% Term Structure 1.4% -0.8% 6.8% -0.6% -0.5% VWIV 27.9% 24.4% 32.0% 30.3% 28.4% Skew 25d 5.5% 4.1% 7.1% 4.1% 4.5% Skew 10d 10.6% 8.0% 13.6% 8.0% 9.1% Call IV 25d 27.0% 23.1% 36.8% 28.0% 34.5% Put IV 25d 32.5% 27.7% 43.7% 32.1% 39.0% Bid-Ask Spread % 9.44 3.25 20.48 16.44 5.74 Gamma HHI 0.04 0.03 0.10 0.03 0.03 Net GEX 245.5M -263.0M 1.23B 361.8M 420.0M Net DEX 538.4M -9.23B 10.83B -953.7M 2.61B Net VEX -206.1M -237.2M -174.6M -205.2M -186.5M Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.95 0.39 2.50 0.89 0.87 Total Volume 768,403.182 498,973 1,403,763 719,073 648,025 Total OI 3,623,676.136 3,332,152 3,790,162 3,332,152 3,622,019
Daily Data (22 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 2026-03-02 $397.40 $420.00 29.9% 8.7% 35.4% 38.1% 30.3% 4.1% -0.6% 361.8M -953.7M -205.2M 0.89 16.44 N/A N/A 381,134 337,939 2,177,502 1,154,650 2026-03-03 $403.79 $415.00 29.6% 8.7% 36.0% 37.2% 30.6% 5.2% -0.4% 541.9M -4.64B -213.2M 0.44 19.23 N/A N/A 615,512 272,724 2,197,308 1,152,833 2026-03-04 $406.88 $415.00 29.5% 8.6% 34.1% 37.0% 29.3% 4.8% -0.5% 873.7M -7.99B -231.3M 0.62 15.53 N/A N/A 507,663 315,095 2,506,157 1,175,195 2026-03-05 $409.43 $415.00 29.5% 8.5% 33.8% 37.0% 27.1% 5.7% -0.5% 899.1M -9.23B -237.2M 1.24 12.37 N/A N/A 372,178 460,639 2,528,440 1,177,697 2026-03-06 $409.56 $415.00 30.7% 8.7% 26.8% 40.1% 28.9% 7.1% -0.7% 1.23B -8.84B -236.3M 0.79 11.20 N/A N/A 462,279 365,028 2,542,375 1,207,623 2026-03-09 $408.91 $415.00 29.1% 8.3% 26.1% 35.9% 29.4% 5.8% 0.1% 597.9M -6.27B -230.1M 0.71 14.64 N/A N/A 292,367 206,606 2,439,967 1,158,026 2026-03-10 $405.08 $415.00 28.8% 8.3% 23.5% 34.9% 27.7% 5.7% 0.3% 439.0M -3.91B -222.1M 0.39 20.48 N/A N/A 673,995 264,333 2,435,540 1,155,200 2026-03-11 $404.33 $415.00 26.9% 7.8% 23.5% 29.6% 26.5% 5.5% 0.4% 262.4M -3.73B -226.5M 0.85 12.56 N/A N/A 306,476 259,250 2,591,630 1,193,999 2026-03-12 $403.04 $410.00 28.1% 8.5% 21.9% 32.9% 24.9% 5.9% 0.3% 374.0M -3.30B -220.6M 2.50 6.15 N/A N/A 249,934 624,481 2,468,777 1,178,180 2026-03-13 $394.87 $410.00 28.7% 8.3% 23.1% 34.6% 27.2% 6.0% 0.2% -263.0M 1.94B -209.7M 0.98 5.44 N/A N/A 412,821 405,571 2,506,508 1,206,537 2026-03-16 $399.10 $410.00 26.4% 7.6% 23.3% 28.1% 26.0% 4.9% 0.7% 309.7M -960.6M -211.0M 1.20 7.15 N/A N/A 309,526 372,751 2,469,229 1,176,727 2026-03-17 $399.42 $410.00 24.9% 7.1% 23.1% 24.0% 24.4% 4.6% 0.7% 327.5M -1.04B -208.0M 1.23 6.00 N/A N/A 247,182 305,026 2,487,822 1,178,232 2026-03-18 $391.17 $410.00 27.5% 7.9% 24.0% 31.3% 26.9% 5.5% 0.4% -86.3M 3.21B -202.9M 0.97 6.16 N/A N/A 307,008 298,900 2,535,120 1,192,822 2026-03-19 $388.54 $410.00 26.2% 7.5% 24.0% 27.6% 25.5% 5.2% 0.8% -141.6M 3.96B -199.9M 1.43 7.16 N/A N/A 266,509 379,905 2,553,040 1,200,862 2026-03-20 $380.70 $405.00 28.8% 8.3% 24.9% 34.9% 28.0% 5.9% 0.1% -259.2M 6.35B -193.9M 0.84 9.98 N/A N/A 348,126 292,474 2,603,936 1,186,226 2026-03-23 $383.76 $405.00 25.8% 7.4% 21.7% 26.4% 24.6% 5.9% 6.8% 61.5M 3.19B -194.2M 0.76 3.52 N/A N/A 348,594 265,048 2,264,054 1,071,143 2026-03-24 $373.46 $405.00 28.0% 8.1% 23.2% 32.6% 27.5% 5.5% 6.1% -102.0M 6.70B -184.7M 0.68 5.34 N/A N/A 475,767 322,149 2,321,120 1,084,865 2026-03-25 $370.55 $400.00 28.2% 8.1% 20.0% 33.2% 27.3% 5.5% 6.1% -158.7M 7.24B -183.1M 0.67 6.21 N/A N/A 449,442 302,036 2,436,710 1,134,923 2026-03-26 $365.85 $400.00 31.1% 8.9% 20.0% 41.4% 28.8% 5.8% 6.5% -64.8M 8.00B -182.8M 1.29 8.01 N/A N/A 400,786 516,600 2,461,932 1,125,168 2026-03-27 $357.00 $395.00 34.8% 9.9% 20.4% 51.7% 31.4% 5.1% 6.1% -235.8M 10.83B -174.6M 0.51 5.06 N/A N/A 929,245 474,518 2,533,698 1,142,601 2026-03-30 $358.50 $390.00 38.0% 10.9% 20.0% 60.7% 32.0% 6.9% -0.8% 9.9M 8.68B -180.4M 0.99 3.25 N/A N/A 432,818 426,410 2,645,250 1,139,232 2026-03-31 $371.75 $390.00 35.6% 10.2% 23.8% 54.0% 28.4% 4.5% -0.5% 420.0M 2.61B -186.5M 0.87 5.74 N/A N/A 347,180 300,845 2,474,920 1,147,099
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