{"symbol":"MSFT","name":"Microsoft Corporation","spot":"521.08","strategy":"csp","strategy_label":"cash-secured puts","rv":"20.9","rv_window":30,"gap_distortion":null,"rv_all":"20.9","earnings":"2026-10-28","earnings_days":5,"any_sell":true,"rows":[{"profile":"conservative","band":"0.05–0.15","notes":"~5-15Δ. Assignment is genuinely unlikely; you are paid little for that. Skips anything spanning earnings and demands a real vol premium.","sell":false,"headline":"No puts clear the conservative profile's requirements.","reasons":["Most contracts were rejected because: bid-ask spread wider than 10% (123 of them).","A more permissive risk profile, or looser individual filters, may surface candidates here."],"best":null},{"profile":"moderate","band":"0.15–0.25","notes":"~15-25Δ, 21-60 DTE. Where most premium-selling literature sits: meaningful credit, assignment a real but minority outcome.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 2.43x realized.","76% chance of expiring unassigned (80% probability of profit at 22Δ).","50% annualized on $49,028 of collateral.","Note: this expiry spans earnings. The elevated premium is payment for that binary event, not free edge."],"best":{"expiry":"2026-10-30","dte":7,"strike":"495","delta":"-0.22","credit":"4.72","capital":"49,028","static":"1.0","aroc":"50","vay":"0.99","vay_band":"rich","pop":"80","p_otm":"76","iv":"51","iv_rv":"2.43","earnings":true,"contract":"MSFT261030P00495000","breakeven":"490.27","cushion":"5.0"}},{"profile":"aggressive","band":"0.25–0.40","notes":"~25-40Δ. Roughly one trade in three finishes in the money, so only coherent if you are willing to own the stock (puts) or be called away (calls) and have sized the position for it.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 2.40x realized.","72% chance of expiring unassigned (77% probability of profit at 26Δ).","62% annualized on $49,411 of collateral.","Note: this expiry spans earnings. The elevated premium is payment for that binary event, not free edge."],"best":{"expiry":"2026-10-30","dte":7,"strike":"500","delta":"-0.26","credit":"5.89","capital":"49,411","static":"1.2","aroc":"62","vay":"1.24","vay_band":"rich","pop":"77","p_otm":"72","iv":"50","iv_rv":"2.40","earnings":true,"contract":"MSFT261030P00500000","breakeven":"494.11","cushion":"4.0"}}],"term":[{"expiry":"10-30","dte":7,"atm_iv":"50","iv_pct":100,"earnings":true,"strike":"495","delta":"-0.22","credit":"4.72","aroc":"50","vay":"0.99","p_otm":"76","iv_rv":"2.43","gamma":"0.042"},{"expiry":"11-06","dte":14,"atm_iv":"40","iv_pct":52,"earnings":true,"strike":"495","delta":"-0.24","credit":"6.23","aroc":"33","vay":"0.81","p_otm":"73","iv_rv":"1.97","gamma":"0.039"},{"expiry":"11-13","dte":21,"atm_iv":"36","iv_pct":31,"earnings":true,"strike":"490","delta":"-0.23","credit":"6.30","aroc":"23","vay":"0.60","p_otm":"75","iv_rv":"1.79","gamma":"0.033"},{"expiry":"11-20","dte":28,"atm_iv":"34","iv_pct":22,"earnings":true,"strike":"490","delta":"-0.24","credit":"7.69","aroc":"21","vay":"0.58","p_otm":"73","iv_rv":"1.71","gamma":"0.032"},{"expiry":"11-27","dte":35,"atm_iv":"31","iv_pct":10,"earnings":true,"strike":"480","delta":"-0.19","credit":"5.96","aroc":"13","vay":"0.39","p_otm":"78","iv_rv":"1.61","gamma":"0.026"},{"expiry":"12-18","dte":56,"atm_iv":"31","iv_pct":5,"earnings":true,"strike":"475","delta":"-0.20","credit":"8.01","aroc":"11","vay":"0.34","p_otm":"76","iv_rv":"1.56","gamma":"0.022"},{"expiry":"01-15","dte":84,"atm_iv":"29","iv_pct":0,"earnings":true,"strike":"480","delta":"-0.25","credit":"12.04","aroc":"11","vay":"0.36","p_otm":"70","iv_rv":"1.47","gamma":"0.021"}],"timing":{"window":"after hours","quality":"closed","advice":"Market is closed. Quotes are the closing marks.","movement":null,"is_good":false,"clock":"21:08 EDT","streak":null},"cached":false,"age_minutes":0,"generated":"2026-10-23 01:08 UTC"}