Madison Square Garden Sports Corp. (MSGS) Options Chain
The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.
Madison Square Garden Sports Corp. (MSGS) operates in the Communication Services sector, specifically the Entertainment industry, with a market capitalization near $9.76B, listed on NYSE, employing roughly 1,007 people, carrying a beta of 0.57 to the broader market. Madison Square Garden Sports Corp. Led by James L. Dolan, public since 2015-09-17.
Snapshot as of Sep 30, 2026.
- Spot Price
- $407.63
- Total OI
- 17.3K
- Total Volume
- 441
- Front Expiration
- 16 days
- Second Expiration
- 51 days
- ATM IV
- 24.6%
- Avg Bid/Ask Spread
- 19.69%
As of Sep 30, 2026, Madison Square Garden Sports Corp. (MSGS) has 17.3K open contracts and 441 contracts traded. The nearest expiration is 16 days out, followed by 51 days. ATM implied volatility is 24.6%. Average bid/ask spread across the chain is 19.69%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How MSGS options chain Data Feeds Strategy Selection
Strategy selection on Madison Square Garden Sports Corp. options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 24.6% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the MSGS chain depth
The listed-expirations table above shows every expiration available for Madison Square Garden Sports Corp. options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. MSGS front expiration sits at 16 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.025 means longer-dated tenors price in proportionally more IV.
MSGS chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the MSGS chain is 19.69% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the MSGS chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. MSGS's current 7.05% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
MSGS listed expirations
Per-expiration ATM implied volatility for MSGS options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Oct 16, 2026 | 16 | 24.6% |
| Nov 20, 2026 | 51 | 27.1% |
| Feb 19, 2027 | 142 | 26.7% |
| May 21, 2027 | 233 | 27.4% |
MSGS most-active contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $430.00 | Nov 20, 2026 | 103 | 3.7K | 26.9% | $7.50 | $9.00 |
| CALL | $420.00 | Oct 16, 2026 | 1 | 490 | 24.1% | $2.80 | $4.00 |
| PUT | $380.00 | Nov 20, 2026 | 300 | 1.1K | 27.4% | $4.60 | $6.50 |
| PUT | $350.00 | Feb 19, 2027 | 0 | 1.6K | 28.6% | $5.60 | $7.30 |
| CALL | $430.00 | Oct 16, 2026 | 0 | 399 | 24.2% | $1.20 | $2.00 |
| PUT | $400.00 | Oct 16, 2026 | 0 | 253 | 25.2% | $4.60 | $6.00 |
| CALL | $410.00 | Oct 16, 2026 | 3 | 213 | 24.6% | $6.30 | $8.30 |
| PUT | $360.00 | Feb 19, 2027 | 0 | 1.1K | 28.2% | $7.40 | $9.00 |
| CALL | $450.00 | Nov 20, 2026 | 1 | 624 | 27.2% | $3.40 | $4.60 |
Top 9 contracts from the institutional-grade nightly options scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.
Frequently asked MSGS options chain questions
- What does the MSGS options chain show right now?
- As of Sep 30, 2026, Madison Square Garden Sports Corp. (MSGS) has 17.3K contracts outstanding and 441 traded today, with ATM IV of 24.6%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for MSGS options?
- The nearest expiration is 16 days out, followed by 51 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are MSGS options bid/ask spreads?
- Average bid/ask spread across the chain is 19.69%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.