Smart Money Is Betting Big In MSFT Options
Portfolio Pulse from Benzinga Insights
Significant options trading activity has been observed in Microsoft (NASDAQ:MSFT), with a mix of bullish and bearish sentiment. A total of 52 uncommon options trades were detected, with a majority being call options. The trading activity suggests a price range of $350 to $700 for MSFT. The stock is currently trading at $434.99, slightly down by 0.04%, and is approaching overbought territory. An analyst from Morgan Stanley maintains an Overweight rating with a target price of $506.
September 18, 2024 | 3:17 pm
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Microsoft has seen significant options trading activity, with 52 uncommon trades detected. The sentiment is mixed, with 50% bullish and 42% bearish. The stock is currently trading at $434.99, slightly down by 0.04%, and is approaching overbought territory. An analyst from Morgan Stanley maintains an Overweight rating with a target price of $506.
The significant options trading activity, with a majority of call options, indicates a bullish sentiment among big-money traders. The stock's current price and the analyst's target price suggest potential upward movement. The mixed sentiment and approaching overbought territory add complexity to the short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100