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MSFT

Microsoft CorporationClose $411.22EOD only

Max Pain

$380.00

Next expiry Apr 17, 2026

Expected Move

±$8.75

2.1% from close

Price Gap

-31.22

Distance to max pain

IV Rank

100

High premium

P/C OI

0.44

Slightly call-heavy

Consensus

6.5/10

Consensus signal

Published snapshot: Apr 15, 2026 close

End-of-day snapshot

This page reflects MSFT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Apr 15, 2026 close

MSFT Flow Report

Analysis based on market close April 15, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.8% from MP; +0.5 VIX 18

Watch next session: Whether the 4/15 ITM call prints at $402.50 and $405 keep trading (and whether those are held/opened); Put follow-through at $395 and $415 (front-week/2d expiries) that would force dealers to sell into the rally and flip GEX dynamics

Flow Summary

Net premium: +$751.1M bullish

P/C volume ratio: 0.29

P/C OI ratio: 0.44

Flow is decisively call-leaning but two-way: dominant call premium sits in the $400

Notable Prints

MSFT260415C00410000

Vol: 98,378

OI: 1,240

Vol/OI: 79.3x

IV: 10.8%

Notional: ~$12.6M

Intent: Large directional call buying into front-week expiry (ITM $410 calls) 1/2/7

Dual read: Could be buy-to-open speculative upside or covered/roll activity; size vs OI favors opening aggressive flow

Read-through: High-probability signal of short-term bullish conviction; forces dealer delta-hedging that buys stock into higher prices unless reversed

MSFT260415C00405000

Vol: 54,257

OI: 3,490

Vol/OI: 15.6x

IV: 0.0%

Notional: ~$341K

Intent: Large ITM call flow at $405 (exp 4/15) 1/2/7

Dual read: High volume against already-large OI suggests a mixture of opening buys and roll/close activity by institutions; given Vol=54,257 vs OI=3,490 this is meaningful and likely includes fresh buying

Read-through: Significant ITM volume will drive dealer delta buying (positive GEX amplification) and supports near-term price support/continuation to the upside

MSFT260415C00402500

Vol: 28,119

OI: 1,726

Vol/OI: 16.3x

IV: 0.0%

Notional: ~$250K

Intent: Large ITM call flow at $402.50 (exp 4/15) 1/2/7

Dual read: Similar to $405 prints, likely a mix of opening buys and expiration dynamics; magnitude vs OI indicates meaningful delta demand

Read-through: Adds to dealer delta exposure: concentrated ITM flow amplifies short-term bullish hedging impact

MSFT260415C00415000

Vol: 68,593

OI: 584

Vol/OI: 117.5x

IV: 8.2%

Notional: ~$69K

Intent: Fresh OTM call accumulation (exp 4/15 $415) 1/2/7

Dual read: Could be part of structures but extremely high Vol/OI suggests aggressive opening buys/sweeps

Read-through: Reinforces short-dated bullish squeeze into expiry and forces dealer delta-hedging buying near spot

MSFT260415P00395000

Vol: 9,273

OI: 635

Vol/OI: 14.6x

IV: 29.7%

Notional: ~$9.3M

Intent: Significant front-week put buying at $395 (exp 4/15) 1/2/7

Dual read: Likely protective hedging (buying puts to protect freshly accumulated calls or stock holdings) rather than directional shorting given call dominance in net premium

Read-through: Introduces short-term two-way hedging risk: if puts continue to trade they could force dealers to sell into strength and cap upside despite the larger call-driven delta demand

MSFT260417P00415000

Vol: 3,620

OI: 171

Vol/OI: 21.2x

IV: 28.8%

Notional: ~$2.3M

Intent: Put buys at $415 exp 4/17 1/2/7

Dual read: Defensive buying to hedge upside exposure or short-term tail hedging

Read-through: Small but notable protective interest around the same strike band, consistent with institutions protecting call-heavy positions

MSFT260415C00420000

Vol: 22,997

OI: 491

Vol/OI: 46.8x

IV: 16.8%

Notional: ~$23K

Intent: OTM call accumulation (exp 4/15 $420) 1/2/7

Dual read: Aggressive sweep interest; supports upside continuation if followed by further call demand

Read-through: Adds to the layered call demand profile but is secondary to the ITM front-week flow

Institutional Positioning

Call additions: Heavy front-week and near-term call additions concentrated at $400, $402.50, $405, $410, $415 and $420 (notably large ITM flow at $402.50 and $405 plus massive $410 prints), plus structural longer-dated call OI walls in $445 575

Put additions: Notable protective put buys at front-week $395 (Vol=9,273 OI=635 exp 4/15) and smaller $415 4/17 puts; put activity looks defensive relative to dominant call buying rather than indicative of large directional short positioning

GEX/DEX consistency: Updated flow (large ITM call prints) increases short-term dealer delta exposure and is consistent with positive GEX +$338.4M; dealers will likely buy stock into upside ticks which amplifies bullish price action near-term

OI clusters: Largest OI clusters remain long-call heavy at $500 (35,322 OI), $450 (51,850 OI) and multi-month walls $445

Hedging evidence: Clear evidence of large-scale short-term hedging: concentrated ITM front-week call prints at $402.50 and $405 materially increase dealer delta hedges (buying stock), while front-week $395 put prints and $415 4/17 puts reflect protective hedging by institutions; net effect is bullish but with active two-way hedging risk around expiries

Max pain context: Max pain pins ($385 ) remain below spot, but current concentrated ITM call flow and positive GEX reduce the immediate pull to MP and favor near-term upside

Signal vs Noise

~Many very large volume prints into the 4/15 expiry reflect expiration-driven activity; some are opening speculative buys while others are expiration rolls — treat single-day, near-zero-last prints with caution as they can be pin-driven

~Small far-OTM or low-premium fills (Last=$0.01) may be sweeps or lottery-buys and are lower-confidence directional signals when isolated

~Large structural long-dated call OI (e.g., $575, $525) is position-bearing and likely part of multi-month allocations rather than short-term directional trades — not immediate actionable gamma signals for the week

Key Conclusions

🐂Short-term flow is bullish — concentrated call buys at $400–$415 into front-week expiries are likely to force dealer buy-side hedging and support upside toward the EM upper bound ~$419.97

🧭Pinning risk remains around $400–$415 (GEX concentrations: +$22.5M at $410, +$19.4M at $400, +$16.5M at $405) — watch price behavior around these pins for confirmation or failure of the bullish thesis

⚠️Although bullish flow dominates, max pain and structural put clusters lie well below spot ($385, $379.62); a sudden session of put-heavy flow or market-wide risk-off would rapidly weaken the bullish setup

Read the Flow analysis for MSFT for 2026-04-15. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.