thetaOwl
HomeOptionsMSFTReports

MSFT

Microsoft CorporationClose $419.09EOD only
Max Pain
$417.50
Next expiry May 22, 2026
Expected Move
±$5.98
1.4% from close
Price Gap
-1.59
Distance to max pain
IV Rank
17
Low premium
P/C OI
0.46
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: May 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
May 21, 2026 close
MSFT Theta Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Selling put credit spreads
Invalidation: Break below $418 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.3% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
IV 33% vs VIX 17%, elevated for premium selling
Favorable?
Yes

Term structure: Front-week steep, back-month flat; avoid 0 DTE

📈IV high vs VIX; sell premium
⚠️0 DTE IV 6% low; risk high

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+264.9M)

OI concentrations: Max pain $418/412/415 for near expiries; call wall $450+

Verdict: Spot at max pain; pin risk elevated near expiry

Premium Opportunities

#1
Put credit spread
Sell 2026-06-12 $420.00/$405.00 put spread
Sell 420/405 put spread for net credit $6.68, max loss $8.32.
Credit: $5.47-$6.68
Max loss: $8.32
BE: $413.32
Mgmt: Close at 50% profit or if MSFT breaks $418.
#2
Cash-secured put
Sell 2026-06-12 $400.00 cash-secured put
Sell 400 put for $3.99 credit, collateral $40k.
Credit: $3.26-$3.99
Max loss: $396.01
BE: $396.01
Mgmt: Roll if tested or close at 50% gain.
#3
Iron condor
Sell 2026-06-12 $400.00/$395.00 put wing and $420.00/$425.00 call wing
Sell 400/395 put spread and 420/425 call spread for $3.31 credit.
Credit: $2.71-$3.31
Max loss: $1.69
BE: 396.69 / 423.31
Mgmt: Manage if spot moves near short strikes.

Risk Alerts

!0 DTE IV extremely low - avoid naked sells
!Positive GEX $265M may support; watch for flip
How to Use These Reports
This theta reflects the market close on May 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.