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MSFT

Microsoft CorporationClose $422.79EOD only
Max Pain
$392.50
Next expiry Apr 20, 2026
Expected Move
±$2.14
0.5% from close
Price Gap
-30.29
Distance to max pain
IV Rank
100
High premium
P/C OI
0.45
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 17, 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 17, 2026 close
MSFT Flow Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Large positive GEX (+$259M), concentrated intraday call prints around 417.5–422.5 and spot ~0.7% from MP supporting pinning/bull flow.
Invalidation: Sustained large put accumulation or price drop under 415 with selling pressure or a sharp VIX spike.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.7% from MP; +0.5 VIX 19

Watch next session: track MP vs spot moves; monitor new large put prints <=417.5; watch GEX/delta shifts and VIX >22

Flow Summary

Net premium: +$125.8M bullish

P/C volume ratio: 0.53

P/C OI ratio: 0.45

Flow is bullish: strong positive GEX and heavy near‑MP call activity suggest pinning around 417.5–422.5; downside invalidated by fresh large put flow or a decisive break below 415.

Notable Prints

#1
MSFT 2026-04-20 $420.00 Call
Vol: 86,609
OI: 1,744
Vol/OI: 49.7x
IV: 4.5%
Notional: ~$87K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#2
MSFT 2026-04-20 $417.50 Put
Vol: 40,834
OI: 876
Vol/OI: 46.6x
IV: 3.6%
Notional: ~$368K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
MSFT 2026-04-20 $417.50 Call
Vol: 24,444
OI: 559
Vol/OI: 43.7x
IV: 4.5%
Notional: ~$1.4M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
MSFT 2026-04-20 $422.50 Call
Vol: 41,668
OI: 1,054
Vol/OI: 39.5x
IV: 9.2%
Notional: ~$42K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
MSFT 2026-04-22 $417.50 Call
Vol: 1,524
OI: 106
Vol/OI: 14.4x
IV: 24.9%
Notional: ~$611K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Large same‑day call prints at 420/422.5 with roll into 22‑Apr calls; concentrated short‑dated call flow.

Put additions: Notable same‑day puts at 417.5 and 415; overall put OI modest versus calls, so puts could counterbalance call pressure intraday.

GEX/DEX consistency: GEX +$259M and DEX +$92M lean bullish, but consistency is conditional given offsetting same‑day puts.

OI clusters: OI concentration 415–422.5 (heavy 415 puts, 420/422.5 calls) — gamma focus near spot, but mixed signage.

Hedging evidence: Flow suggests short‑dated short‑call hedges and some collar activity; limited long‑put protection visible.

Max pain context: Spot ~0.7% from MP; short‑dated flow could pin toward 417.5–420 conditionally if put flow does not intensify.

Signal vs Noise

~Signal: large same‑day call blocks plus elevated GEX support short‑term pinning but conditional on put flow.
~Signal: clustered OI 415–422.5 concentrates gamma and hedging risk near spot.
~Noise/Risk: nearby IV is elevated — may reflect event/directional risk; monitor intraday vol moves and IV spikes for regime change.

Key Conclusions

📌Bullish institutional flow concentrated in 415–422.5, creating conditional short‑term pin risk (puts may offset).
⚖️GEX/DEX lean bullish but mixed same‑day flow keeps outcome uncertain; watch IV and intraday flow for decisive direction.
How to Use These Reports
This flow reflects the market close on April 20, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.