Windows 10 Spurs Bullish MSFT Action
Microsoft Corp, currently trading 45.92 down .69 with an IV 30 of 21.87, up 2.6% amid its launch of Windows 10 is seeing longer term bullish call action.? A trader bought 30,000 of the April 50 calls paying 1.55 and against it sold 30,000 of the April 55 calls at .56.? Net the customer bought the 50/55 call spread for .99 a spread.? The trader is hoping that between now and April MSFT moves higher above 50.99 but does not move too fast above 55 dollars a share.
MSFT has an ADV of 76,000 and on the day has already traded over 110,000 contracts mostly calls which are outpacing puts almost 5 to 1.
This trade should be considered bullish the underlying and somewhat bullish volatility.? The trader wants MSFT to move higher over the next 7 months.?