Morgan Stanley Direct Lending Fund (MSDL) Options Chain
NYSE: MSDLFinancial ServicesAsset ManagementUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $13.38
- Put/call ratio (OI)
- 12.85
- Put/call ratio (volume)
- 5.04
- Expected move
- ±$2.33
- Open interest (C / P)
- 240 / 3.08K
MSDL options summary
The MSDL options chain for the November 20, 2026 expiration lists 3 call and 2 put contracts, with 40 days until expiration. Open interest stands at 240 calls and 3,084 puts, a put/call ratio of 12.85, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $13.00 strike is 52.6%, which implies the market expects a move of about ±$2.33 (17.4%) in Morgan Stanley Direct Lending Fund stock by expiration.
The most open interest sits at the $12.00 call (176 contracts) and the $13.00 put (3.06K contracts).
Summary generated from market data by MetaCap's automated system. Methodology
MSDL options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 2.70 | 2.10 | 3.20 | 11.00 | — | — | — | |||||
| 1.65 | 1.20 | 1.95 | 12.00 | — | — | — | |||||
| — | — | — | 13.00 | 0.00 | 0.75 | 0.20 | |||||
| — | — | — | 14.00 | 0.25 | 1.00 | 0.72 | |||||
| 0.05 | 0.00 | 0.15 | 15.00 | — | — | — | |||||
In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.
Frequently asked questions
What is the MSDL put/call ratio?
For the November 20, 2026 expiration, the MSDL put/call ratio based on open interest is 12.85 (3,084 puts vs 240 calls), and 5.04 based on today's volume. A ratio above 1 means more puts than calls.
What is MSDL's implied volatility?
At-the-money implied volatility for MSDL options expiring November 20, 2026 is about 52.6%, an annualized estimate of how much the market expects Morgan Stanley Direct Lending Fund stock to move.
How many MSDL option expiration dates are there?
MSDL has 5 listed expiration dates, from Oct 16, 2026 to Mar 19, 2027.
What does "in the money" mean?
A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.