Microsoft Option Alert: Nov 15 $405 Calls At The Ask: 5000 @ $21.55 Vs 25779 OI; Ref=$413.81
Portfolio Pulse from Benzinga Newsdesk
A significant option trade was made for Microsoft, with 5,000 call options for November 15 at a strike price of $405 being bought at the ask price of $21.55. This is against an open interest of 25,779, with the stock reference price at $413.81.
October 08, 2024 | 4:13 pm
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A large option trade for Microsoft indicates bullish sentiment, with 5,000 call options for Nov 15 at a $405 strike price bought at $21.55. This suggests investors expect the stock to rise above $426.55 by expiration.
The purchase of a large number of call options at the ask price suggests that investors are betting on a rise in Microsoft's stock price. The strike price of $405 with a premium of $21.55 implies a breakeven point of $426.55, indicating expectations of a price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100