Shares of Microsoft Corp (MSFT) are down .48 to 32.63 today.? The stock is trading near the 52 week high.
Today paper traded the MSFT Jan 2014 30 call over the Jul 28 call for 1.35 36500 X 26500.?? Average volume is 152500 contracts per day.? Open Interest is 45000 and 89000 contracts.
The volume looks like a customer rolling a large covered call position.? The open interest looks like closing in Jul and adding to existing Jan 2014 positions. The block went up on the PHLX.? More of these rolls are trading for a customer with sizeable stock positions.
30-day implied volatility is 23%.?? 10-day implied volatility is 28%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. It operates in five segments: Windows & Windows Live Division (Windows Division), Server and Tools, Online Services Division (OSD), Microsoft Business Division (MBD), and Entertainment and Devices Division (EDD).
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