MSFT Earnings Wednesday After the Bell + Wednesday Earnings LineMicrosoft CorporationBATS:MSFTOptions360 📊 MSFT reports after the close Wednesday: results at 4:05 PM ET, earnings call at 5:30 PM ET Q3 '26 ESTIMATES (Fiscal Q1 '27) EPS: $4.71 (vs $4.13 a year ago, +14% YoY) Whisper: $4.93, $0.22 above consensus Revenue: $90.62B (vs $77.67B a year ago, +17% YoY) At $90.62B, this would be a record revenue quarter 📈 LAST 4 EARNINGS Q3 '25 (Oct 29): EPS $4.13 vs $3.67 ✅ +12.4% | Rev $77.67B vs $75.49B ✅ +2.9% | Range $33.73 (6.6%) Q4 '25 (Jan 28): EPS $4.14 vs $3.90 ✅ +6.1% | Rev $81.27B vs $80.31B ✅ +1.2% | Range $42.00 (9.5%) Q1 '26 (Apr 29): EPS $4.27 vs $4.06 ✅ +5.1% | Rev $82.89B vs $81.44B ✅ +1.8% | Range $38.22 (9.4%) Q2 '26 (Jul 29): EPS $4.74 vs $4.24 ✅ +11.8% | Rev $90.01B vs $87.62B ✅ +2.7% | Range $41.19 (10.6%) EPS beats: 4 of 4 | Revenue beats: 4 of 4 Avg reaction-day range: $38.79 (9.0%) Beats aren't enough on their own: Oct '25 and Jan '26 both sold off despite beating 🎯 KEY LEVELS At $528.12, a 9.0% range is $47.58, which puts the zone at $504.33 to $551.91 $557.57: the Oct '25 all-time high, just above the top of the average range $510.00: rising trendline from the March low, the first support on a miss 🎲 OPTIONS (Oct 30 weekly) Put Volume: 21,815 | Call Volume: 37,147 Put/Call Volume Ratio: 0.59, so calls traded about 1.7 to 1 over puts Put OI: 53,143 | Call OI: 120,184 Put/Call OI Ratio: 0.44, so positioning leans clearly bullish IV (ATM): 62.84% vs HV: 21.47%, IV Rank 53.03% ATM straddle ($532.50 strike): $28.00, an implied move of about ±5.3% Biggest open interest: $555 calls (18,756) and $525 calls (17,414) | $530 puts (2,727) 💡 WHAT THIS MEANS Traders are leaning bullish: more than 2 calls open for every put. Options are pricing in about a $28.00 move either way, roughly $504.60 to $560.60. The biggest call bet sits at $555, right below the $557.57 all-time high. That's the level to watch. Option prices are about 3x normal volatility before earnings and usually drop sharply after, so buyers need a big move to profit. 📅 WEDNESDAY 10/28 Before the open: APH, BSX, VRT, GEV, UBS, VFC, IP, ADP, OTLY, PSX After the close: MSFT, GOOGL, NOW, KLAC, CVNA, FDX, FTNT, TMUS, CMG, TENB Double mega-cap night: MSFT and GOOGL both report after the bell. Azure growth and AI capex guidance are the headline numbers. Not financial advice. Earnings carry gap risk, so manage your risk. #MSFT #earnings #AI #options #stocks