Microsoft (MSFT) Options Chain

NASDAQ: MSFTTechnologyComputer Software: Prepackaged SoftwareUSD

535.07+12.46 (+2.38%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Dec 15, 2028
Days to expiration: 796
Share price: $535.07
Put/call ratio (OI): 0.68
Put/call ratio (volume): 0.80
ATM implied volatility: 33.1%
Expected move: ±$261.55
Open interest (C / P): 97.94K / 66.97K

MSFT options summary

The MSFT options chain for the December 15, 2028 expiration lists 112 call and 112 put contracts, with 796 days until expiration. Open interest stands at 97,945 calls and 66,972 puts, a put/call ratio of 0.68, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $535.00 strike is 33.1%, which implies the market expects a move of about ±$261.55 (48.9%) in Microsoft stock by expiration.

The most open interest sits at the $730.00 call (8.14K contracts) and the $330.00 put (4.95K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

MSFT options chain · December 15, 2028

MSFT calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
292	2	60.2%	363.90	362.50	367.50	185.00	1.46	1.83	1.78	37.6%	2	1,645
114	4	59.8%	339.38	358.50	363.00	190.00	1.36	2.26	2.12	38.1%	1	453
209	6	59.3%	335.39	354.00	359.00	195.00	1.86	2.26	2.10	37.3%	2	4,175
463	2	58.4%	348.03	349.50	354.30	200.00	2.08	2.71	2.31	37.6%	18	181
785	2	58.3%	344.11	345.50	350.50	205.00	2.11	2.85	2.49	37.1%	2	178
1,185	152	57.5%	337.62	341.00	346.00	210.00	2.45	2.99	2.79	36.6%	12	1,248
78	4	57.0%	319.51	337.00	341.50	215.00	2.66	3.20	2.82	36.2%	1	281
141	1	56.5%	334.00	332.50	337.50	220.00	2.82	3.45	3.30	35.9%	1	1,550
238	4	56.0%	330.05	328.50	333.00	225.00	3.20	3.70	3.46	35.6%	1	162
1,875	2	55.4%	325.97	324.00	329.00	230.00	2.91	3.95	3.80	35.3%	97	1,827
89	4	55.1%	318.51	320.00	325.00	235.00	2.97	4.60	4.02	35.6%	1	105
167	3	54.6%	317.55	316.00	320.50	240.00	4.30	5.05	4.30	35.5%	6	959
79	106	54.0%	304.61	311.50	316.50	245.00	3.40	5.90	4.60	36.0%	1	63
725	105	53.7%	300.28	307.50	312.50	250.00	4.00	5.60	5.03	34.8%	1	1,060
107	2	53.4%	298.63	303.50	308.50	255.00	3.90	5.65	5.10	34.0%	8	170
179	2	52.8%	294.58	299.50	304.00	260.00	5.00	6.55	5.65	34.5%	5	777
137	108	52.3%	283.41	295.00	300.00	265.00	5.10	6.55	6.00	33.7%	6	100
118	6	51.9%	289.16	291.00	296.00	270.00	5.45	7.05	6.73	33.5%	3	197
115	2	51.5%	281.64	287.00	292.00	275.00	5.95	7.60	6.95	33.4%	2	298
324	2	51.1%	279.93	283.00	288.00	280.00	7.35	7.85	8.10	32.9%	225	849
51	8	50.7%	268.62	279.00	284.00	285.00	7.85	8.30	7.75	32.6%	8	70
253	2	50.5%	278.11	275.50	280.00	290.00	7.55	9.00	8.26	32.6%	9	1,124
238	63	50.1%	262.25	271.50	276.00	295.00	8.90	9.45	8.67	32.3%	5	819
1,510	8	51.3%	269.95	267.50	272.50	300.00	9.50	10.80	9.87	32.8%	8	2,672
379	250	50.6%	251.07	263.50	268.00	305.00	10.20	10.80	11.50	32.0%	2	100
134	2	50.4%	260.79	259.80	264.50	310.00	10.85	11.45	10.90	31.9%	2	765
161	4	49.8%	252.75	256.00	260.30	315.00	11.35	11.90	11.48	31.5%	4	130
362	105	49.0%	249.88	252.00	255.75	320.00	11.00	13.55	12.37	32.0%	185	1,446
76	100	49.1%	238.70	249.50	252.65	325.00	12.80	14.45	13.90	31.9%	5	160
179	10	49.1%	245.84	244.50	249.50	330.00	13.60	14.10	15.00	30.9%	54	4,954
38	3	48.2%	239.47	242.00	244.75	335.00	14.35	14.90	14.57	30.8%	10	386
358	2	48.2%	232.90	237.50	241.75	340.00	15.25	15.75	15.60	30.6%	4	1,600
101	66	47.6%	225.52	234.45	237.60	345.00	15.15	17.80	16.35	31.2%	17	117
1,882	5	47.2%	231.53	230.50	233.70	350.00	16.85	17.80	17.20	30.5%	6	2,789
132	4	46.8%	221.95	226.65	229.95	355.00	17.80	18.50	17.80	30.2%	2	432
557	3	46.7%	220.40	223.40	226.70	360.00	18.80	19.45	19.25	30.0%	4	2,155
206	80	46.4%	219.57	220.60	223.15	365.00	19.70	21.65	21.00	30.5%	1	57
720	3	46.0%	212.15	216.00	219.30	370.00	20.40	22.65	20.97	30.3%	5	1,426
278	2	45.7%	215.15	213.00	215.85	375.00	21.00	23.80	22.02	30.2%	4	405
1,299	86	45.4%	211.42	209.95	212.40	380.00	23.10	23.75	24.95	29.4%	4	1,016
197	1	45.2%	204.60	206.15	209.05	385.00	23.95	25.70	25.75	29.7%	42	126
1,662	11	45.0%	204.43	202.70	205.75	390.00	25.25	27.25	25.85	29.7%	1	955
105	1	44.7%	198.00	200.20	202.40	395.00	26.60	27.30	28.35	29.0%	17	404
3,426	37	44.5%	198.75	196.25	199.10	400.00	26.00	28.70	28.20	28.9%	9	3,234
128	2	44.7%	190.12	193.65	197.00	405.00	29.25	30.15	31.69	28.8%	1	144
969	3	44.0%	190.77	190.45	192.65	410.00	30.55	31.45	31.23	28.6%	1	1,078
192	4	43.8%	182.82	186.20	189.45	415.00	31.40	33.30	32.52	28.7%	1	434
1,644	3	43.6%	185.50	184.10	186.35	420.00	33.40	34.20	33.80	28.3%	1	678
175	1	43.7%	173.70	180.95	184.05	425.00	34.70	35.95	35.75	28.3%	2	92
857	6	43.3%	180.25	176.50	180.35	430.00	36.10	38.55	41.34	28.6%	1	425
54	1	43.0%	175.60	175.00	177.05	435.00	37.75	41.00	39.25	28.8%	2	85
1,285	2	42.9%	170.25	172.00	174.30	440.00	39.05	40.55	41.35	27.8%	1	557
145	84	42.7%	167.43	169.00	171.40	445.00	39.50	42.20	42.77	27.7%	9	133
1,249	5	42.4%	167.72	166.15	168.25	450.00	43.05	45.20	43.50	28.1%	7	1,598
872	2	42.3%	156.01	163.70	165.35	455.00	44.60	45.65	47.52	27.4%	4	789
3,891	2	42.2%	162.47	159.80	162.80	460.00	46.10	47.55	46.50	27.4%	1	706
194	4	42.1%	155.37	157.50	160.20	465.00	46.80	50.30	54.09	27.6%	2	33
731	127	41.9%	156.10	154.95	157.30	470.00	50.00	51.30	51.25	27.1%	2	164
116	1	41.7%	145.80	152.10	154.40	475.00	51.95	53.45	53.90	27.1%	2	373
492	7	41.6%	149.31	149.90	151.85	480.00	54.90	55.50	54.90	27.0%	122	621
209	1	41.3%	147.20	146.45	149.00	485.00	55.80	58.40	56.67	27.1%	16	251
799	1	41.5%	141.85	144.15	147.40	490.00	57.00	59.40	58.58	26.7%	3	644
112	7	41.1%	142.03	141.85	143.85	495.00	59.60	61.35	60.82	26.5%	8	152
4,071	26	40.8%	140.97	139.35	140.90	500.00	61.85	63.55	62.68	26.4%	13	633
517	8	40.8%	138.30	136.65	138.90	505.00	63.85	65.85	66.45	26.3%	1	226
692	7	40.7%	125.85	133.00	136.60	510.00	66.30	67.95	68.55	26.1%	3	1,211
458	5	40.6%	132.00	131.65	134.05	515.00	68.85	70.20	72.98	26.0%	6	154
1,923	3	40.4%	131.44	128.55	131.60	520.00	70.90	72.55	71.93	25.9%	2	409
234	6	40.5%	128.57	127.15	129.75	525.00	73.35	75.05	79.00	25.8%	5	296
5,144	6	40.1%	119.00	124.55	126.80	530.00	75.75	77.30	76.05	25.6%	22	1,161
105	6	40.7%	123.92	122.60	126.50	535.00	78.25	79.90	78.55	25.5%	8	171
MSFT $535.07
652	6	40.0%	120.30	120.10	122.45	540.00	80.20	82.35	80.80	25.4%	2	322
922	14	39.9%	115.95	118.10	120.25	545.00	82.55	85.55	85.10	25.4%	6	81
2,475	11	39.8%	117.00	115.95	118.10	550.00	85.45	87.55	87.00	25.1%	1	799
1,139	31	39.6%	115.21	112.70	115.90	555.00	88.55	90.50	89.30	25.1%	2	43
1,030	16	39.6%	113.00	111.75	113.85	560.00	91.20	92.95	94.93	24.9%	6	542
204	3	39.7%	108.80	109.65	112.40	565.00	92.50	96.00	97.85	24.9%	2	142
785	3	39.4%	107.89	107.50	109.90	570.00	95.50	98.30	97.87	24.6%	1	580
276	4	39.2%	105.80	105.70	107.50	575.00	99.45	101.75	100.50	24.7%	2	158
1,665	8	39.2%	105.00	103.50	105.75	580.00	102.30	104.25	107.25	24.4%	25	740
1,072	1	39.1%	102.20	101.60	103.80	585.00	104.00	107.25	109.38	24.4%	6	81
4,056	50	39.0%	96.05	99.70	102.00	590.00	108.10	109.80	109.80	24.1%	36	204
274	3	38.9%	99.09	98.00	100.05	595.00	111.05	113.00	114.18	24.0%	62	43
6,303	40	38.9%	96.68	95.00	98.40	600.00	114.05	116.10	114.75	23.9%	13	1,505
441	5	38.7%	92.63	94.00	96.30	605.00	116.95	119.80	121.30	24.0%	6	118
244	1	38.7%	90.63	92.55	94.85	610.00	119.00	122.50	125.25	23.7%	1	235
109	1	38.6%	90.80	90.50	92.85	615.00	122.50	125.95	128.70	23.7%	199	221
633	2	38.5%	88.40	89.15	91.15	620.00	126.45	128.85	127.52	23.5%	4	123
799	4	38.4%	88.50	87.00	89.45	625.00	129.80	132.50	132.36	23.5%	4	12
1,026	10	38.5%	85.91	85.75	88.25	630.00	133.00	135.40	135.77	23.2%	16	180
555	5	38.7%	82.80	83.75	87.35	635.00	136.35	139.00	141.61	23.2%	6	68
200	1	38.3%	80.75	82.60	84.65	640.00	139.60	142.30	150.62	23.0%	4	38
692	2	38.2%	78.88	81.15	83.15	645.00	142.45	145.50	148.15	22.8%	6	281
1,476	1	38.1%	79.00	79.30	81.60	650.00	145.50	148.90	148.55	22.7%	1	1,633
497	8	38.1%	77.87	77.70	80.10	655.00	150.25	152.50	164.14	22.6%	2	1
655	2	38.1%	74.82	76.55	78.75	660.00	153.40	156.10	154.95	22.4%	1	90
291	11	38.0%	73.14	75.05	77.35	665.00	157.00	159.50	170.31	22.3%	2	31
998	33	38.0%	74.40	73.20	75.85	670.00	159.55	163.10	164.15	22.1%	86	70
190	2	38.0%	69.19	71.70	74.65	675.00	164.25	166.80	167.90	22.0%	4	36
398	9	37.9%	70.80	69.85	73.20	680.00	167.00	169.95	173.50	21.6%	6	101
619	2	37.9%	69.70	68.50	72.20	685.00	171.45	174.20	177.25	21.7%	4	611
446	13	37.8%	68.32	67.65	70.65	690.00	175.65	177.90	180.76	21.5%	2	48
108	2	37.8%	64.13	66.90	69.40	695.00	178.15	181.95	186.87	21.5%	2	87
2,986	34	37.5%	66.47	65.70	67.55	700.00	182.00	185.45	186.10	21.2%	2	129
1,043	17	37.9%	64.75	64.50	67.55	705.00	186.85	189.50	191.34	21.1%	2	71
432	10	37.6%	58.00	62.55	65.65	710.00	190.55	193.35	193.25	20.9%	9	33
934	8	37.6%	61.11	61.75	64.55	715.00	194.90	197.00	201.77	20.7%	2	58
939	1	37.3%	61.22	60.80	62.55	720.00	197.75	202.50	199.51	21.2%	2	29
2,047	4	37.4%	60.21	59.30	61.85	725.00	201.80	205.05	209.24	20.4%	24	72
8,143	12	37.5%	60.00	58.10	61.00	730.00	205.85	210.50	214.16	20.9%	2	109
426	1	37.2%	57.35	55.95	58.05	740.00	214.65	217.55	221.55	20.0%	44	163
783	6	37.2%	52.65	51.40	54.30	760.00	230.90	234.85	235.90	19.6%	30	246

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 MSFT put/call ratio?

For the December 15, 2028 expiration, the MSFT put/call ratio based on open interest is 0.68 (66,972 puts vs 97,945 calls), and 0.80 based on today's volume. A ratio above 1 means more puts than calls.

What is MSFT's implied volatility?

At-the-money implied volatility for MSFT options expiring December 15, 2028 is about 33.1%, an annualized estimate of how much the market expects Microsoft stock to move.

How many MSFT option expiration dates are there?

MSFT has 19 listed expiration dates, from Oct 12, 2026 to Jan 19, 2029.

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.