Mixed options sentiment in Microsoft with shares down 3.26%

Mixed options sentiment in Microsoft (MSFT), with shares down $14.10 near $418.82. Options volume roughly in line with average with 608k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 0.7 points near 37.21, in the highest 10% of observations over the past year, suggesting an expected daily move of $9.82. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Microsoft (MSFT) will report earnings after the close on 2026-04-29.Option markets are pricing in a 50% probability of a move greater than 8.24% or $34.53.