Microsoft Corp. Single Stock Futures give traders another way to take long or short exposure to Microsoft without buying or shorting the underlying shares directly.
CME Group offers both standard Microsoft Corp. Futures (SMSFT) and smaller Micro Microsoft Corp. Futures (XMSFT). Lincoln Park Financial can help eligible traders get set up to access these contracts through supported futures platforms and clearing arrangements.
Microsoft Corp Futures Contract Sizes
SMSFT
Microsoft Futures
100 Shares
$1 move = $100
XMSFT
Micro Microsoft Futures
10 Shares
$1 move = $10
What Are Microsoft Corp. Single Stock Futures?
Microsoft Corp. Single Stock Futures are futures contracts tied to the price of Microsoft stock. You can go long if you expect Microsoft to rise or short if you expect it to fall.
Unlike buying MSFT shares, you are trading a futures contract rather than owning Microsoft stock. The contracts are financially settled.
How Much Does Microsoft Futures Move?
Suppose Microsoft futures move from $180 to $185, a $5 price move.
| Contract | Contract Size | Price Move | Approx. P/L per Contract* |
|---|---|---|---|
| XMSFT — Micro Microsoft | 10 shares | $5 | $50 |
| SMSFT — Microsoft | 100 shares | $5 | $500 |
How it works:
XMSFT: $5 × 10 = $50
SMSFT: $5 × 100 = $500
*Example illustrates contract value movement only. Actual profit or loss depends on trade direction and entry/exit prices. Commissions, exchange fees, and other applicable trading costs are not included.
Why Trade Microsoft Futures?
Trade Microsoft Directly
Take a company-specific view instead of trading the entire Nasdaq-100.
Go Long or Short
Express bullish or bearish views through the futures market.
Extended Trading Hours
Respond to Microsoft-related developments outside the regular U.S. equity session.
Trading Microsoft Futures Around Earnings
Microsoft is a good example of why company-specific futures can be useful.
If your trading idea is specifically about:
Azure growth
AI investment
Microsoft 365
Copilot adoption
Cloud margins
Capital expenditures
you may want exposure to Microsoft rather than the entire Nasdaq-100.
CME Group Microsoft and Micro Microsoft futures trade nearly 24 hours a day, providing additional access outside normal U.S. stock-market hours.
That does not eliminate earnings risk. Around major announcements, prices can move rapidly, liquidity can change, spreads may widen, and slippage can occur.
What Can Move Microsoft Futures?
Azure and Cloud Growth
Microsoft’s Azure business is a major part of its current growth story. In its fiscal 2026 third quarter, Microsoft reported that Azure and other cloud services revenue grew 40%, driven by demand across the platform.
AI Infrastructure Spending
Microsoft continues to invest heavily in AI infrastructure, including GPUs, CPUs, data centers, and supporting capacity. In its fiscal 2026 third quarter, the company reported $31.9 billion in capital expenditures and said roughly two-thirds of that spending was for shorter-lived assets such as GPUs and CPUs.
That makes AI infrastructure spending and future capital-expenditure guidance particularly relevant for traders watching MSFT.
Microsoft 365 and Copilot
Microsoft also continues to invest in AI across products such as Microsoft 365 and GitHub Copilot. The company has identified cloud and AI demand as important drivers across its business.
Earnings
Microsoft earnings can move the stock as traders react to Azure growth, cloud margins, AI spending, Microsoft 365 performance, guidance, and other operating results. Microsoft’s fiscal 2026 third-quarter results showed revenue growth driven by Microsoft Cloud, with continued investment in AI infrastructure.
