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MSFT

Microsoft CorporationClose $424.16EOD only

Max Pain

$410.00

Next expiry Apr 22, 2026

Expected Move

±$6.09

1.4% from close

Price Gap

-14.16

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.46

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Apr 21, 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 21, 2026 close

MSFT Flow Report

Analysis based on market close April 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.1% from MP; +0.5 VIX 19

Watch next session: monitor spot vs MP and intraday drift; watch put OI and vol at 427.5–432.5; track VIX and option flow for large new puts/calls; observe roll/adjust of big call positions

Flow Summary

Net premium: +$415.5M bullish

P/C volume ratio: 0.36

P/C OI ratio: 0.46

Bullish pinning: strong call-heavy flow and large positive GEX supporting spot above midpoint; key invalidation is renewed concentrated put buying or sustained decay in spot toward major strikes.

Notable Prints

MSFT 2026-04-22 $430.00 Put

Vol: 39,146

OI: 292

Vol/OI: 134.1x

IV: 12.1%

Notional: ~$665K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MSFT 2026-05-29 $460.00 Call

Vol: 14,054

OI: 288

Vol/OI: 48.8x

IV: 34.6%

Notional: ~$12.8M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MSFT 2026-04-22 $432.50 Put

Vol: 12,366

OI: 294

Vol/OI: 42.1x

IV: 12.8%

Notional: ~$927K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MSFT 2026-04-22 $427.50 Put

Vol: 32,066

OI: 886

Vol/OI: 36.2x

IV: 13.8%

Notional: ~$96K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MSFT 2026-04-22 $432.50 Call

Vol: 91,573

OI: 3,428

Vol/OI: 26.7x

IV: 9.4%

Notional: ~$9.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated short‑dated call buying clustered 430–435 (notable OI 4/22) plus directional 5/29 460 call interest.

Put additions: Light short‑dated put prints (e.g., 427.5 OI ~886) with many prints showing low lasting OI versus calls.

GEX/DEX consistency: Positive GEX (+$437.9M) and DEX (+$104.4M) align with call skew but do not prove pinning; supports a plausible bias for dealer hedging near 430–435 with medium confidence and alternative outcomes (drift higher or unwind lower) possible.

OI clusters: Largest OI concentration: 4/22 calls 430/435 (~6k/4.7k OI), 432.5 call ~3.4k; puts are smaller.

Hedging evidence: Pattern consistent with dealer short‑gamma/delta hedging via delta buys; limited long‑dated protective puts observed, so hedging appears tactical rather than structural.

Max pain context: Max‑pain and flow point toward a plausible pin band near 430–435 into short expiries but outcome is probabilistic, monitor OI changes.

Signal vs Noise

~Signal: concentrated 4/22 call OI at 430–435 plus positive GEX/DEX creates a bias toward pinning but not certainty.

~Signal: 5/29 460 call shows directional upside interest beyond short expiries.

~Noise: high‑volume, low‑OI sweeps can still move intraday prices and IV transiently; monitor real‑time IV and realized flow for short‑term impact and watch for OI build to confirm persistence.

Key Conclusions

📌Clustered short‑dated calls (430–435) plus positive GEX suggest a plausible pin/bias near that band — medium confidence.

⚠️Put volume spikes are often low‑OI sweeps that may move intraday but lack durable hedging OI—watch for OI accumulation.

🔎5/29 460 call flow signals upside interest; monitor IV and incremental OI to gauge follow‑through.

How to Use These Reports

This flow reflects the market close on April 22, 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.