MSFT Options History — April 2026

In April 2026, MSFT traded between $369.30 and $372.15. ATM implied volatility averaged 36.0%, placing in the 55.1% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 12.6% (HV 20d: 23.4%). Max pain ranged from $390.00 to $400.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 0 of 2 days. Put/call ratio averaged 1.35.

Notable Days

2026-04-01: Highest Volume — 946,333 contracts
2026-04-02: Largest IV spike — 2.2% change
2026-04-02: Highest IV Rank — 56.2%
2026-04-02: Largest Expected Move — 10.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$370.73	$369.30	$372.15	$369.30	$372.15
Max Pain	$395.00	$390.00	$400.00	$390.00	$400.00
ATM IV	36.0%	35.6%	36.4%	35.6%	36.4%
Expected Move	10.3%	10.2%	10.4%	10.2%	10.4%
HV 20d	23.4%	23.4%	23.4%	23.4%	23.4%
HV 60d	35.8%	35.8%	35.8%	35.8%	35.8%
IV Rank	55.1%	53.9%	56.2%	53.9%	56.2%
IV Percentile	96.4%	96.0%	96.8%	96.0%	96.8%
Term Structure	-0.9%	-1.2%	-0.5%	-0.5%	-1.2%
VWIV	29.9%	27.0%	32.7%	27.0%	32.7%
Skew 25d	4.9%	4.3%	5.5%	4.3%	5.5%
Skew 10d	8.3%	7.6%	9.1%	7.6%	9.1%
Call IV 25d	33.7%	33.5%	33.9%	33.9%	33.5%
Put IV 25d	38.6%	38.2%	38.9%	38.2%	38.9%
Bid-Ask Spread %	18.13	6.20	30.05	6.20	30.05
Gamma HHI	0.04	0.03	0.05	0.03	0.05
Net GEX	418.1M	388.7M	447.4M	388.7M	447.4M
Net DEX	3.15B	2.56B	3.75B	3.75B	2.56B
Net VEX	-183.5M	-184.7M	-182.4M	-182.4M	-184.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.35	0.85	1.86	1.86	0.85
Total Volume	740,666.5	535,000	946,333	946,333	535,000
Total OI	3,684,025	3,679,676	3,688,374	3,688,374	3,679,676

Daily Data (2 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
2026-04-01	$369.30	$390.00	35.6%	10.2%	23.4%	53.9%	27.0%	4.3%	-0.5%	388.7M	3.75B	-182.4M	1.86	6.20	N/A	N/A	331,401	614,932	2,515,561	1,172,813
2026-04-02	$372.15	$400.00	36.4%	10.4%	23.4%	56.2%	32.7%	5.5%	-1.2%	447.4M	2.56B	-184.7M	0.85	30.05	N/A	N/A	289,114	245,886	2,513,683	1,165,993