MSFT option chain

Strikes around the forward, as they were quoted at the close

Data as of 24 September 2026 (end of day)

2026-09-25(1 day)ATM 27.34%±7.12skew +0.08

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
82	34	$24.80	$26.80	—	$472.50	41.58%	$0.02	$0.04	1,702	692
143	172	$22.45	$23.35	—	$475.00	38.59%	$0.03	$0.04	3,290	717
118	74	$19.55	$21.10	—	$477.50	35.97%	$0.04	$0.05	2,138	741
282	370	$17.45	$18.35	—	$480.00	34.55%	$0.06	$0.09	3,894	3,493
52	117	$14.35	$16.10	—	$482.50	32.61%	$0.10	$0.13	2,381	3,592
142	835	$12.55	$13.25	—	$485.00	30.67%	$0.17	$0.19	3,257	7,784
78	781	$10.20	$10.80	—	$487.50	29.29%	$0.30	$0.32	1,508	6,424
1,266	916	$8.05	$8.50	—	$490.00	28.57%	$0.55	$0.59	11,262	13,250
6,843	1,074	$6.00	$6.35	—	$492.50	27.97%	$0.97	$1.05	1,270	9,172
16,861	3,094	$4.30	$4.50	—	$495.00	27.42%	$1.65	$1.75	2,532	10,904
17,151	1,703	$2.86	$3.00	—	$497.50	27.33%	$2.68	$2.82	821	3,752
30,835	4,933	$1.84	$1.91	27.73%	$500.00	—	$4.00	$4.35	6,172	5,387
9,660	3,221	$1.08	$1.15	27.89%	$502.50	—	$5.65	$6.15	685	170
13,251	8,002	$0.61	$0.66	28.29%	$505.00	—	$7.75	$8.15	859	106
4,484	5,186	$0.34	$0.37	28.96%	$507.50	—	$9.90	$10.50	430	44
15,739	10,277	$0.19	$0.21	29.90%	$510.00	—	$12.20	$12.90	608	269
3,548	3,060	$0.11	$0.12	31.02%	$512.50	—	$14.15	$16.40	337	0
4,366	5,597	$0.07	$0.08	32.78%	$515.00	—	$16.60	$18.60	118	3
1,265	2,012	$0.04	$0.05	34.02%	$517.50	—	$18.85	$21.80	20	38
2,090	5,478	$0.02	$0.03	34.87%	$520.00	—	$21.20	$23.55	49	101
207	984	$0.02	$0.03	38.20%	$522.50	—	$23.70	$26.65	3	2

Forward $497.68. The 25-delta put carries +0.08 volatility points over the 25-delta call.

2026-09-28(4 days)ATM 20.81%±10.85skew +0.37

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
70	5	$23.80	$26.40	—	$472.50	26.31%	$0.13	$0.17	17	60
75	4	$21.35	$24.20	—	$475.00	25.35%	$0.17	$0.23	400	108
66	1	$18.95	$21.55	—	$477.50	24.86%	$0.24	$0.35	81	155
5	36	$16.65	$19.45	—	$480.00	23.37%	$0.33	$0.39	455	168
0	4	$14.50	$16.65	—	$482.50	22.53%	$0.47	$0.53	83	194
7	8	$13.05	$14.60	—	$485.00	21.91%	$0.68	$0.76	262	503
160	102	$11.00	$11.70	—	$487.50	21.57%	$1.02	$1.11	85	271
265	43	$8.90	$9.70	—	$490.00	21.30%	$1.49	$1.61	163	805
581	114	$7.25	$7.80	—	$492.50	20.88%	$2.10	$2.25	801	984
1,559	327	$5.65	$5.95	—	$495.00	20.90%	$3.00	$3.15	382	2,102
812	319	$4.30	$4.65	—	$497.50	20.81%	$4.00	$4.35	201	208
4,037	1,152	$3.20	$3.45	20.82%	$500.00	—	$5.30	$5.75	359	449
581	288	$2.34	$2.48	20.89%	$502.50	—	$6.90	$7.40	19	29
1,335	761	$1.63	$1.75	20.92%	$505.00	—	$8.65	$9.25	160	47
186	333	$1.08	$1.27	21.14%	$507.50	—	$10.50	$11.25	38	6
2,621	1,481	$0.77	$0.83	21.37%	$510.00	—	$12.10	$14.15	23	27
817	449	$0.46	$0.55	21.28%	$512.50	—	$14.10	$16.00	41	10
580	1,083	$0.34	$0.38	21.98%	$515.00	—	$16.70	$19.45	6	0
254	188	$0.22	$0.27	22.45%	$517.50	—	—	—	—	—
189	863	$0.14	$0.18	22.76%	$520.00	—	—	—	—	—
261	111	$0.10	$0.14	23.64%	$522.50	—	—	—	—	—

Forward $497.80. The 25-delta put carries +0.37 volatility points over the 25-delta call.

2026-09-30(6 days)ATM 23.58%±15.05skew +0.54

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	2	$24.20	$27.45	—	$472.50	26.62%	$0.42	$0.48	50	52
0	4	$22.65	$24.75	—	$475.00	25.95%	$0.55	$0.60	437	111
0	11	$20.30	$21.85	—	$477.50	25.59%	$0.72	$0.82	62	127
5	60	$17.85	$19.85	—	$480.00	25.30%	$0.97	$1.09	315	279
0	61	$16.20	$17.85	—	$482.50	24.70%	$1.22	$1.41	98	177
2	24	$13.50	$15.60	—	$485.00	24.44%	$1.66	$1.81	91	109
38	121	$12.20	$13.30	—	$487.50	24.16%	$2.18	$2.33	110	100
92	34	$10.20	$11.50	—	$490.00	24.16%	$2.81	$3.10	234	143
366	35	$8.85	$9.40	—	$492.50	24.16%	$3.60	$4.00	140	69
374	343	$7.40	$8.00	—	$495.00	23.76%	$4.50	$4.90	131	426
169	112	$6.10	$6.30	—	$497.50	23.63%	$5.65	$6.00	468	85
1,598	416	$4.85	$5.10	23.44%	$500.00	—	$6.90	$7.50	393	45
177	185	$3.85	$4.15	23.59%	$502.50	—	$8.30	$8.90	54	10
819	493	$3.05	$3.25	23.63%	$505.00	—	$10.00	$10.60	134	20
83	95	$2.36	$2.51	23.63%	$507.50	—	$11.35	$12.55	130	3
778	675	$1.80	$1.93	23.70%	$510.00	—	$13.15	$14.80	47	0
253	160	$1.34	$1.43	23.63%	$512.50	—	$15.45	$16.65	6	0
1,196	204	$0.95	$1.09	23.64%	$515.00	—	$17.15	$19.30	5	4
156	159	$0.75	$0.82	24.05%	$517.50	—	$19.55	$21.50	1	0
445	456	$0.56	$0.63	24.39%	$520.00	—	$21.90	$24.20	1	0
59	91	$0.42	$0.48	24.73%	$522.50	—	$23.70	$26.95	4	0

Forward $497.88. The 25-delta put carries +0.54 volatility points over the 25-delta call.

2026-10-02(8 days)ATM 24.97%±18.42skew +0.89

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
10	5	$26.05	$27.05	—	$472.50	27.16%	$0.84	$0.88	356	160
10	112	$23.60	$24.75	—	$475.00	26.85%	$1.05	$1.13	2,470	523
6	60	$21.35	$22.90	—	$477.50	26.55%	$1.32	$1.43	502	537
66	290	$19.35	$20.25	—	$480.00	26.30%	$1.66	$1.80	1,414	1,090
62	91	$17.45	$18.15	—	$482.50	25.99%	$2.07	$2.23	486	154
1,242	899	$15.40	$16.75	—	$485.00	25.68%	$2.56	$2.74	1,401	364
64	76	$13.55	$14.45	—	$487.50	25.59%	$3.15	$3.45	298	182
512	311	$11.65	$12.50	—	$490.00	25.36%	$3.90	$4.15	1,118	1,055
706	328	$10.25	$10.85	—	$492.50	25.26%	$4.75	$5.05	206	172
2,007	1,886	$8.85	$9.35	—	$495.00	25.32%	$5.75	$6.15	1,078	358
1,091	883	$7.50	$7.90	—	$497.50	25.09%	$6.95	$7.15	437	212
3,259	1,977	$6.30	$6.55	24.83%	$500.00	—	$8.05	$8.50	2,568	242
774	409	$5.20	$5.50	24.79%	$502.50	—	$9.50	$10.05	167	12
2,319	16,135	$4.25	$4.55	24.73%	$505.00	—	$11.05	$11.65	288	77
849	441	$3.50	$3.75	24.85%	$507.50	—	$12.75	$13.30	473	210
3,342	3,489	$2.85	$2.98	24.78%	$510.00	—	$14.50	$15.20	509	60
257	1,160	$2.26	$2.44	24.87%	$512.50	—	$16.35	$17.60	10	5
1,092	1,362	$1.79	$1.93	24.87%	$515.00	—	$18.35	$20.00	198	0
210	238	$1.41	$1.51	24.90%	$517.50	—	$20.20	$21.50	36	0
2,838	3,706	$1.11	$1.18	24.99%	$520.00	—	$21.90	$24.10	74	14
169	245	$0.88	$0.95	25.28%	$522.50	—	$24.90	$26.65	1	0

Forward $498.15. The 25-delta put carries +0.89 volatility points over the 25-delta call.

2026-10-05(11 days)ATM 23.39%±20.22skew +1.68

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	1	$25.60	$27.90	—	$472.50	25.68%	$1.09	$1.41	5	10
10	0	$23.10	$25.50	—	$475.00	25.43%	$1.35	$1.73	11	3
0	7	$21.80	$23.60	—	$477.50	24.81%	$1.62	$2.00	2	0
0	22	$19.20	$21.55	—	$480.00	24.62%	$2.03	$2.42	11	24
2	0	$16.90	$19.00	—	$482.50	24.64%	$2.49	$3.05	11	2
21	6	$15.45	$17.65	—	$485.00	24.36%	$3.05	$3.60	80	16
1	0	$13.60	$15.55	—	$487.50	24.10%	$3.70	$4.25	14	32
30	9	$12.35	$13.40	—	$490.00	24.00%	$4.40	$5.15	44	15
4	2	$10.35	$11.90	—	$492.50	23.57%	$5.25	$5.90	109	167
101	391	$8.75	$10.00	—	$495.00	23.19%	$6.05	$6.95	889	24
210	213	$8.20	$8.60	—	$497.50	23.48%	$7.40	$8.15	143	23
81	307	$6.80	$7.40	23.18%	$500.00	—	$8.45	$9.15	267	5
3	47	$5.65	$6.30	23.03%	$502.50	—	$9.80	$10.85	58	11
17	31	$4.45	$5.25	22.50%	$505.00	—	$11.25	$12.35	107	2
23	15	$3.70	$4.40	22.60%	$507.50	—	$12.65	$14.40	440	200
1,206	254	$3.15	$3.65	22.84%	$510.00	—	$14.70	$16.10	254	0
72	14	$2.41	$3.05	22.67%	$512.50	—	$16.50	$17.85	2	0
28	84	$1.98	$2.54	22.90%	$515.00	—	$18.30	$20.35	3	0
2	16	$1.67	$2.03	23.07%	$517.50	—	$20.50	$22.60	8	0
28	114	$1.35	$1.68	23.28%	$520.00	—	—	—	—	—
4	6	$0.96	$1.48	23.40%	$522.50	—	—	—	—	—

Forward $498.13. The 25-delta put carries +1.68 volatility points over the 25-delta call.

2026-10-07(13 days)ATM 24.48%±23.03skew +2.27

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	—	$47.00	$50.50	—	$450.00	—	—	—	—	—
0	—	$42.15	$45.70	—	$455.00	—	—	—	—	—
9	—	$37.40	$40.90	—	$460.00	—	—	—	—	—
0	—	$32.85	$36.15	—	$465.00	—	—	—	—	—
0	—	$28.35	$31.40	—	$470.00	—	—	—	—	—
0	—	$24.05	$26.85	—	$475.00	—	—	—	—	—
0	—	$19.90	$22.35	—	$480.00	25.76%	$2.51	$3.50	—	1
0	—	$16.65	$18.25	—	$485.00	25.80%	$3.75	$4.90	—	0
5	—	$13.40	$14.65	—	$490.00	24.88%	$5.20	$6.15	—	2
25	—	$10.05	$11.85	—	$495.00	25.29%	$6.95	$8.80	—	1
24	—	$7.50	$9.05	24.22%	$500.00	—	$9.35	$10.55	—	0
11	—	$5.40	$6.40	23.43%	$505.00	—	$12.05	$13.95	—	0
21	—	$3.80	$4.75	23.53%	$510.00	—	$15.00	$17.10	—	3
—	—	—	—	—	$515.00	—	$18.70	$21.65	—	0
3	—	$1.52	$2.33	23.08%	$520.00	—	$22.95	$25.75	—	0
—	—	—	—	—	$525.00	—	$27.00	$30.15	—	0
—	—	—	—	—	$530.00	—	$31.60	$34.25	—	0
—	—	—	—	—	$535.00	—	$36.25	$39.50	—	2
—	—	—	—	—	$540.00	—	$41.10	$44.40	—	0
—	—	—	—	—	$545.00	—	$46.20	$49.40	—	0
—	—	—	—	—	$550.00	—	$51.00	$54.40	—	0

Forward $498.32. The 25-delta put carries +2.27 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 24.79%±25.06skew +1.34

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
1	1	$27.40	$28.80	—	$472.50	26.26%	$1.99	$2.24	39	3
2	41	$25.40	$26.65	—	$475.00	25.90%	$2.34	$2.58	367	391
2	3	$23.45	$24.55	—	$477.50	25.73%	$2.77	$3.05	33	365
4	47	$21.60	$23.25	—	$480.00	25.65%	$3.30	$3.60	609	152
18	5	$19.05	$20.55	—	$482.50	25.36%	$3.90	$4.10	40	70
12	92	$17.20	$18.75	—	$485.00	25.39%	$4.55	$4.90	304	140
6	6	$16.20	$16.95	—	$487.50	25.16%	$5.25	$5.65	37	90
64	174	$14.45	$15.10	—	$490.00	25.11%	$6.15	$6.50	630	66
147	91	$12.90	$13.50	—	$492.50	24.95%	$7.05	$7.45	33	151
234	265	$11.55	$12.05	—	$495.00	24.93%	$8.05	$8.60	409	23
102	63	$10.25	$10.80	—	$497.50	24.85%	$9.20	$9.75	246	11
575	579	$9.05	$9.50	24.76%	$500.00	—	$10.45	$11.00	282	35
104	129	$7.90	$8.35	24.68%	$502.50	—	$11.80	$12.60	29	1
177	1,279	$6.80	$7.20	24.41%	$505.00	—	$13.25	$14.00	138	1
17	147	$5.90	$6.30	24.46%	$507.50	—	$14.75	$15.60	8	24
3,289	3,117	$5.05	$5.35	24.27%	$510.00	—	$16.40	$17.10	149	5
207	287	$4.35	$4.65	24.38%	$512.50	—	$18.10	$19.50	2	0
85	1,215	$3.50	$3.95	24.03%	$515.00	—	$19.50	$21.10	93	2
36	10	$3.10	$3.40	24.35%	$517.50	—	$22.00	$22.80	17	0
341	1,162	$2.65	$2.91	24.48%	$520.00	—	$23.90	$25.15	180	18
530	2,194	$1.90	$2.01	24.50%	$525.00	—	$27.80	$29.90	142	0

Forward $498.55. The 25-delta put carries +1.34 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 24.55%±30.07skew +1.12

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	11	$28.70	$30.20	—	$472.50	26.02%	$3.30	$3.50	2,509	121
20	1,493	$27.25	$28.10	—	$475.00	25.82%	$3.75	$4.00	3,967	385
0	10	$24.75	$26.25	—	$477.50	25.61%	$4.30	$4.50	124	209
208	3,963	$23.45	$24.30	—	$480.00	25.38%	$4.85	$5.10	7,297	464
39	18	$21.50	$22.30	—	$482.50	25.31%	$5.50	$5.85	185	153
10	1,746	$20.00	$20.60	—	$485.00	25.08%	$6.20	$6.55	5,551	275
83	21	$18.30	$18.95	—	$487.50	24.80%	$6.90	$7.35	321	236
425	7,732	$16.70	$17.40	—	$490.00	24.92%	$7.95	$8.30	5,609	2,292
178	133	$15.25	$15.80	—	$492.50	24.70%	$8.75	$9.35	93	35
742	5,963	$13.90	$14.20	—	$495.00	24.68%	$9.95	$10.35	3,077	403
159	176	$12.50	$12.95	—	$497.50	24.60%	$11.10	$11.50	164	35
3,816	25,486	$11.30	$11.55	24.55%	$500.00	—	$12.35	$12.75	9,065	329
27	264	$10.05	$10.65	24.68%	$502.50	—	$13.50	$14.25	100	4
216	2,758	$9.00	$9.40	24.49%	$505.00	—	$15.00	$15.60	1,616	77
85	241	$8.00	$8.45	24.50%	$507.50	—	$16.55	$16.95	146	25
4,953	41,061	$7.10	$7.40	24.33%	$510.00	—	$17.85	$18.70	1,195	55
88	190	$6.20	$6.60	24.27%	$512.50	—	$19.70	$20.45	9	65
990	4,683	$5.50	$5.80	24.27%	$515.00	—	$21.30	$22.60	351	5
90	281	$4.80	$5.10	24.23%	$517.50	—	$23.10	$24.50	8	22
5,079	11,764	$4.25	$4.45	24.26%	$520.00	—	$25.15	$26.35	1,032	31
645	4,645	$3.20	$3.40	24.26%	$525.00	—	$29.25	$30.20	223	1

Forward $498.87. The 25-delta put carries +1.12 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.