Spotlight on Microsoft: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Significant options activity has been observed in Microsoft (NASDAQ:MSFT), with a noticeable bearish stance among large investors. Of the 12 trades detected, 41% were bearish and 33% were bullish. The trades include both puts and calls, with a total trade amount of $1,009,333. Analysts maintain a positive outlook with an average target price of $522.2.
July 15, 2024 | 1:47 pm
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Microsoft has seen a surge in options activity, with a significant portion being bearish. Despite this, analysts maintain a positive outlook with an average target price of $522.2. The stock is currently down 0.12% at $453.01, with RSI indicators suggesting it may be overbought.
The significant bearish options activity suggests that large investors are expecting a decline in Microsoft's stock price. However, the positive analyst ratings and high target prices indicate a potential for upward movement in the long term. The current stock price and RSI indicators also suggest caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100