{"id":184224,"date":"2023-01-24T17:41:00","date_gmt":"2023-01-24T22:41:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/"},"modified":"2023-02-10T13:30:00","modified_gmt":"2023-02-10T18:30:00","slug":"what-the-options-market-is-expecting-for-microsoft-earnings","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/","title":{"rendered":"What the Options Market is Expecting for Microsoft Earnings"},"content":{"rendered":"\n<p>I started this week wondering whether Microsoft\u2019s (MSFT) management team had mis-read the calendar.&nbsp; It is typical for MSFT to report earnings alongside its mega-cap peers, making that week the peak of earnings season.&nbsp; This quarter, by reporting after today\u2019s close, MSFT will be preceding Apple (AAPL), Alphabet (GOOG, GOOGL), Meta Platforms (META) and others of that ilk by about a week.&nbsp; I\u2019m not sure why, but it gives this behemoth a chance to dominate the market conversation for a short while \u2013 at least until Tesla (TSLA) reports after tomorrow\u2019s close.<\/p>\n\n\n\n<p>Like some of its peers, MSFT has seen its share of post-earnings volatility.&nbsp; In October, after the company\u2019s Q1 earnings beat EPS expectations by 5 cents, the stock fell 7.7%.&nbsp; In July, MSFT missed by about 7 cents and guided lower, but rose by 6.7%.&nbsp; When we consider that MSFT sports a market capitalization of about $1.8 trillion, those are swings of billions of dollars.&nbsp; It also means that the stakes are high for a stock that is up about 5% in the roughly three months since the aftermath of last quarter\u2019s report.<\/p>\n\n\n\n<p>The turmoil of the past two quarters is clearly at the forefront of options traders\u2019 minds.&nbsp; We see that the implied volatility of MSFT options expiring this Friday, January 27<sup>th<\/sup> is about 61% on an annualized basis.&nbsp; Using the \u201c<a href=\"https:\/\/www.tradersinsight.news\/traders-insight\/securities\/options\/understand-the-rule-of-16\/\">rule of 16<\/a>\u201d, that appears to imply a move that is consistent with MSFT\u2019s longer-term average post-earnings move of 3.8%.&nbsp; But it actually implies a move closer to 6%.&nbsp; The historical volatility of MSFT over recent sessions is about 2% daily.&nbsp; So if we assume that there will be three days left to trade those options after the earnings are released, and that each of those days are typically 2% each, we would need one 6% move to create a roughly 4% average over the following three days.<a href=\"#_edn1\" id=\"_ednref1\">[i]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><em>Implied Volatility for MSFT Options Expiring January 27<sup>th<\/sup> (chartreuse), February 3<sup>rd<\/sup> (green), February 17<sup>th<\/sup> (yellow)<\/em><\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/Picture3-3-1.png\" alt=\"Implied Volatility for MSFT Options Expiring January 27th (chartreuse), February 3rd (green), February 17th (yellow)\" class=\"wp-image-174359 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n\n\n\n<p>Source: Interactive Brokers<\/p>\n\n\n\n<p>Perhaps because the past two earnings moves were divergent but with similarly large magnitudes, the IBKR Probability Lab shows a somewhat agnostic view about the direction of MSFT\u2019s post-earnings move.&nbsp;&nbsp; With the stock trading around $242.5, we see a peak probability range of $240-245, with only slightly lower probabilities placed on the surrounding strikes. &nbsp;The options market might be wary of a large move, but it doesn\u2019t appear to know which way it might go.&nbsp; Thus, the risks balance out around the at-money options.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><em>IBKR Probability Lab for MSFT Options Expiring January 27<sup>th<\/sup>, 2023<\/em><\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/Picture4-3-2.png\" alt=\"IBKR Probability Lab for MSFT Options Expiring January 27th, 2023\" class=\"wp-image-174360 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n\n\n\n<p>Source: Interactive Brokers<\/p>\n\n\n\n<p>Skews on near-term options show something along those lines.&nbsp; We know that the weekly options expiring Friday are carrying significantly higher implied volatilities than those of subsequent weeks, and we also know that implied volatility curves tend to skew to the downside.&nbsp; What we see in MSFT, however, is a set of multi-expiry skew curves that are roughly parallel until extreme levels.&nbsp; That once again shows that options traders are not particularly more biased in one direction or another for options expiring this week.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-multi-expiry-skew-for-msft-options-expiring-january-27th-chartreuse-february-3rd-green-february-17th-yellow\"><strong><em>Multi-expiry Skew for MSFT Options Expiring January 27<sup>th<\/sup> (chartreuse), February 3<sup>rd<\/sup> (green), February 17<sup>th<\/sup> (yellow)<\/em><\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/Picture5-3-2.png\" alt=\"Multi-expiry Skew for MSFT Options Expiring January 27th (chartreuse), February 3rd (green), February 17th (yellow)\" class=\"wp-image-174361 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n\n\n\n<p>Source: Interactive Brokers<\/p>\n\n\n\n<p>To sum up, options markets are pricing in another potentially large post-earnings move for MSFT but are not sure which direction is substantially more likely.&nbsp; Those traders who have a strong view about direction could find an opportunity to exploit the market\u2019s uncertainty, while those who are expecting a more historically typical post-earnings move than we have seen over the past two quarters could seek out trades that favor their views.&nbsp; In any case, investors of all types will be watching MSFT\u2019s results for clues about how next week\u2019s rush of megacap tech earnings might fare.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p><a href=\"#_ednref1\" id=\"_edn1\">[i]<\/a> Some simplified equations.&nbsp; 61\/16=3.81%, a rough estimate of the market\u2019s anticipation for MSFT\u2019s daily moves through Friday\u2019s expiration.&nbsp; Let\u2019s call that 4% for simplicity.&nbsp;&nbsp; 3 days at 4% = 12%.&nbsp; If we assume typical non-earnings move of 2%, based upon historical volatility, and including today, then 12% &#8211; 3 x 2% =6%.&nbsp; The exact math is more complicated, but this method puts us close enough.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I started this week wondering whether Microsoft\u2019s (MSFT) management team had mis-read the calendar.  It is typical for MSFT to report earnings alongside its mega-cap peers, making that week the peak of earnings season.<\/p>\n","protected":false},"author":4,"featured_media":184228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14700,6,19,8,9,26,3],"tags":[14466,1244,1926,4919],"contributors-categories":[13576],"class_list":{"0":"post-184224","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ibkr-market-insights","8":"category-north-america","9":"category-options","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-earning-season","15":"tag-microsoft","16":"tag-options","17":"tag-tech-stocks","18":"contributors-categories-interactive-brokers"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What the Options Market is Expecting for Microsoft Earnings<\/title>\n<meta name=\"description\" content=\"I started this week wondering whether Microsoft\u2019s (MSFT) management team had mis-read the calendar. It is typical for MSFT to report earnings...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/184224\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the Options Market is Expecting for Microsoft Earnings\" \/>\n<meta property=\"og:description\" content=\"I started this week wondering whether Microsoft\u2019s (MSFT) management team had mis-read the calendar. It is typical for MSFT to report earnings alongside its mega-cap peers, making that week the peak of earnings season.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-24T22:41:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-10T18:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/earnings_season_Featured-img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Sosnick\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What the Options Market is Expecting for Microsoft Earnings\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Sosnick\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Steve Sosnick\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\"\n\t            },\n\t            \"headline\": \"What the Options Market is Expecting for Microsoft Earnings\",\n\t            \"datePublished\": \"2023-01-24T22:41:00+00:00\",\n\t            \"dateModified\": \"2023-02-10T18:30:00+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/\"\n\t            },\n\t            \"wordCount\": 717,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/earnings_season_Featured-img.jpg\",\n\t            \"keywords\": [\n\t                \"earning season\",\n\t                \"Microsoft\",\n\t                \"options\",\n\t                \"tech stocks\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"IBKR Insights\",\n\t                \"North America\",\n\t                \"Options\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/\",\n\t            \"name\": \"What the Options Market is Expecting for Microsoft Earnings\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/earnings_season_Featured-img.jpg\",\n\t            \"datePublished\": \"2023-01-24T22:41:00+00:00\",\n\t            \"dateModified\": \"2023-02-10T18:30:00+00:00\",\n\t            \"description\": \"I started this week wondering whether Microsoft\u2019s (MSFT) management team had mis-read the calendar. It is typical for MSFT to report earnings alongside its mega-cap peers, making that week the peak of earnings season.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-the-options-market-is-expecting-for-microsoft-earnings\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/earnings_season_Featured-img.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/earnings_season_Featured-img.jpg\",\n\t            \"width\": 1000,\n\t            \"height\": 563,\n\t            \"caption\": \"What the Options Market is Expecting for Microsoft Earnings\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\",\n\t            \"name\": \"Steve Sosnick\",\n\t            \"description\": \"Steve is the Chief Strategist at Interactive Brokers. He has held numerous roles in the organization since joining Timber Hill, IBKR\u2019s predecessor, in 1995 as Equity Risk Manager and an options market maker. He developed and implemented automated trading strategies for stocks and options before moving into his current role. Steve has guest authored several columns in Barron\u2019s and made numerous live on Bloomberg TV and Radio, CNBC, Yahoo Finance, Fox Business, and several other media outlets several media outlets in North America, Asia, Australia, and the Middle East in addition to being quoted frequently in print and electronic media. Prior to joining Interactive Brokers, Sosnick held senior trading roles at Morgan Stanley, Lehman Brothers, and Salomon Brothers, where he completed the firm\u2019s famed training program.\",\n\t            \"sameAs\": [\n\t                \"https:\\\/\\\/ibkr.com\"\n\t            ],\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/steve-sosnick\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What the Options Market is Expecting for Microsoft Earnings","description":"I started this week wondering whether Microsoft\u2019s (MSFT) management team had mis-read the calendar. It is typical for MSFT to report earnings...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/184224\/","og_locale":"en_US","og_type":"article","og_title":"What the Options Market is Expecting for Microsoft Earnings","og_description":"I started this week wondering whether Microsoft\u2019s (MSFT) management team had mis-read the calendar. It is typical for MSFT to report earnings alongside its mega-cap peers, making that week the peak of earnings season.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/","og_site_name":"IBKR Campus US","article_published_time":"2023-01-24T22:41:00+00:00","article_modified_time":"2023-02-10T18:30:00+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/earnings_season_Featured-img.jpg","type":"image\/jpeg"}],"author":"Steve Sosnick","twitter_card":"summary_large_image","twitter_title":"What the Options Market is Expecting for Microsoft Earnings","twitter_misc":{"Written by":"Steve Sosnick","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"What the Options Market is Expecting for Microsoft Earnings","datePublished":"2023-01-24T22:41:00+00:00","dateModified":"2023-02-10T18:30:00+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/"},"wordCount":717,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/earnings_season_Featured-img.jpg","keywords":["earning season","Microsoft","options","tech stocks"],"articleSection":["IBKR Insights","North America","Options","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/","name":"What the Options Market is Expecting for Microsoft Earnings","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/earnings_season_Featured-img.jpg","datePublished":"2023-01-24T22:41:00+00:00","dateModified":"2023-02-10T18:30:00+00:00","description":"I started this week wondering whether Microsoft\u2019s (MSFT) management team had mis-read the calendar. It is typical for MSFT to report earnings alongside its mega-cap peers, making that week the peak of earnings season.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-the-options-market-is-expecting-for-microsoft-earnings\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/earnings_season_Featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/earnings_season_Featured-img.jpg","width":1000,"height":563,"caption":"What the Options Market is Expecting for Microsoft Earnings"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549","name":"Steve Sosnick","description":"Steve is the Chief Strategist at Interactive Brokers. He has held numerous roles in the organization since joining Timber Hill, IBKR\u2019s predecessor, in 1995 as Equity Risk Manager and an options market maker. He developed and implemented automated trading strategies for stocks and options before moving into his current role. Steve has guest authored several columns in Barron\u2019s and made numerous live on Bloomberg TV and Radio, CNBC, Yahoo Finance, Fox Business, and several other media outlets several media outlets in North America, Asia, Australia, and the Middle East in addition to being quoted frequently in print and electronic media. Prior to joining Interactive Brokers, Sosnick held senior trading roles at Morgan Stanley, Lehman Brothers, and Salomon Brothers, where he completed the firm\u2019s famed training program.","sameAs":["https:\/\/ibkr.com"],"url":"https:\/\/www.interactivebrokers.com\/campus\/author\/steve-sosnick\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/earnings_season_Featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/184224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=184224"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/184224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/184228"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=184224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=184224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=184224"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=184224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}