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
- Dec 18, 2026
- Days to expiration
- 68
- Share price
- $13.38
- Put/call ratio (OI)
- 0.76
- Put/call ratio (volume)
- 1.85
- Expected move
- ±$2.35
- Open interest (C / P)
- 262 / 200
MSDL options summary
The MSDL options chain for the December 18, 2026 expiration lists 6 call and 4 put contracts, with 68 days until expiration. Open interest stands at 262 calls and 200 puts, a put/call ratio of 0.76, which is fairly balanced between calls and puts. At-the-money implied volatility near the $13.00 strike is 40.6%, which implies the market expects a move of about ±$2.35 (17.5%) in Morgan Stanley Direct Lending Fund stock by expiration.
The most open interest sits at the $16.00 call (133 contracts) and the $15.00 put (147 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
MSDL options chain · December 18, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| — | — | — | 12.00 | 0.00 | 2.20 | 0.26 | |||||
| — | — | — | 13.00 | 0.05 | 0.75 | 0.30 | |||||
| 0.47 | 0.00 | 0.75 | 14.00 | — | — | — | |||||
| 0.35 | 0.00 | 0.25 | 15.00 | 1.15 | 1.90 | 1.30 | |||||
| 0.40 | 0.00 | 0.05 | 16.00 | — | — | — | |||||
| 0.05 | 0.00 | 0.45 | 17.00 | 0.00 | 0.00 | 1.99 | |||||
| 0.02 | 0.00 | 0.20 | 18.00 | — | — | — | |||||
| 0.14 | 0.00 | 0.95 | 19.00 | — | — | — | |||||
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 December 18, 2026 expiration, the MSDL put/call ratio based on open interest is 0.76 (200 puts vs 262 calls), and 1.85 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 December 18, 2026 is about 40.6%, 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.