Learn the trade here. Make it on tradeMONSTER

Options Trading News

May 24, 2013  Fri 9:13 AM CT

MSFT: SEE CHART GET CHAIN FIND STRATEGIES
Microsoft has been slipping off its highs from earlier this week, but one trader is looking for a floor.

optionMONSTER systems show that the Weekly May 30 puts that expire next week top the option volume in MSFT today. More than 5,500 of those contracts were sold for $0.03 in volume that dwarfs the previous open interest of just 26 contracts.

The put selling is a bet that MSFT will hold above $30 through next Friday. The delta of the puts is just 0.03, suggesting just a 3 percent probability that the stock will be below that strike price at expiration. (See our Education section)

MSFT is down fractionally this morning to $34.04. The software giant has been rallying from below $29 since reporting earnings a month ago, reaching a high of $35.27 on Tuesday.
Share this article with your friends


Related Stories

MSFT

Bearish play in Microsoft at highs

September 8, 2014

A bearish vertical spread topped Friday's option activity in the software giant even as shares reached their highest level in 14 years.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER