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Mixed options sentiment in Microsoft with shares down 0.25%

Mixed options sentiment in Microsoft (MSFT), with shares down $1.27 near $510.33. Options volume roughly in line with average with 107k contracts traded and calls leading puts for a put/call ratio of 0.67, compared to a typical level near 0.52. Implied volatility (IV30) dropped 0.46 near 29.62,in the top quartile of the past year, suggesting an expected daily move of $9.52. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Microsoft (MSFT) will report earnings after the close on 2025-10-29.Option markets are pricing in a 50% probability of a move greater than 4.46% or $22.76.

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