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MSFT

Microsoft CorporationClose $420.26EOD only
Max Pain
$385.00
Next expiry Apr 17, 2026
Expected Move
±$5.55
1.3% from close
Price Gap
-35.26
Distance to max pain
IV Rank
100
High premium
P/C OI
0.45
Slightly call-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: Apr 16, 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 16, 2026 close
MSFT Flow Report
Analysis based on market close April 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Strong positive GEX (+$391.8M) and sustained bullish flow; pinning regime with spot above MP; large call flow (116k vol 430C) and concentrated call OI support upside.
Invalidation: Sharp sell-off breaking below 420–430 strike cluster or VIX spike reversing pinning; emergence of concentrated put OI below spot (gamma flip).
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.4% from MP; +1 VIX 17

Watch next session: Spot vs. MP (hold above 430); VIX move >20; Follow 430C/425P print follow-through; GEX intraday drift

Flow Summary

Net premium: +$552.7M bullish

P/C volume ratio: 0.31

P/C OI ratio: 0.45

Market structure is bullish/pinning: positive gamma and large call activity are supporting the tape; downside invalidated if spot breaches the 420–430 cluster or volatility surges.

Notable Prints

#1
MSFT 2026-04-17 $425.00 Put
Vol: 46,030
OI: 291
Vol/OI: 158.2x
IV: 11.6%
Notional: ~$10.6M
Intent: short-term hedge/pin
Dual read: speculative vs. hedge

Read-through: pin pressure 420–425 area

#2
MSFT 2026-05-01 $490.00 Call
Vol: 39,940
OI: 1,514
Vol/OI: 26.4x
IV: 47.9%
Notional: ~$4.1M
Intent: directional bullish bet
Dual read: leverage vs. covered call roll

Read-through: longer-dated upside interest

#3
MSFT 2026-04-24 $425.00 Put
Vol: 3,911
OI: 158
Vol/OI: 24.8x
IV: 26.3%
Notional: ~$3.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
MSFT 2026-04-17 $420.00 Put
Vol: 47,167
OI: 2,600
Vol/OI: 18.1x
IV: 6.3%
Notional: ~$47K
Intent: protective hedge
Dual read: large put buy vs. put write covered by stock

Read-through: downside protection concentrated near 420

#5
MSFT 2026-07-17 $475.00 Call
Vol: 26,563
OI: 1,798
Vol/OI: 14.8x
IV: 31.4%
Notional: ~$24.5M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated short-dated call buying at 430 plus further call interest 475–490 — suggests bullish positioning or large directional trades by dealers.

Put additions: Put accumulation clustered 420–430 across near-dates (Apr 17–24) consistent with short-dated downside hedges/collars but could include speculative buys.

GEX/DEX consistency: GEX +$392M and DEX +110M shares bias toward call-dominant gamma but is supportive, not definitive, for pinning.

OI clusters: Largest OI: 430 calls ~15.9k; 420–430 puts show pockets (2.6k/1.0k/0.5k) — concentration clear but mixed sizes.

Hedging evidence: Near-term put stacks plus large call OI point to hedging/collar activity, though directional dealer risk and rollback/unwind scenarios remain plausible.

Max pain context: Flow implies a bias to hold spot near 430–435 into expiries, but alternative paths (directional unwind, gamma flip, or expiration drift) are realistic outcomes.

Signal vs Noise

~Signal: Large 430 call vol+OI — material positioning and elevated pin risk.
~Signal: Clustered 420–430 short-dated puts — explicit hedging pressure present.
~Signal: Positive GEX/DEX coherent with a call-weighted gamma regime.
~Noise: Some concentrated call prints may be directional dealer flow rather than institutional hedging.
~Noise: Multiple low-OI prints (not just one) could be one-off bets; treat low-OI activity as ambiguous until sustained.

Key Conclusions

📌Probable bullish institutional bias centering near 430, but not guaranteed — watch for gamma flip or directional unwind.
🛡️Short-dated puts at 420–430 indicate active hedging that can limit immediate downside; downside risk remains if hedges unwind.

Read the Flow analysis for MSFT for 2026-04-17. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.