Microsoft Corp (MSFT) is trading down .18 to 28.52 today.? MSFT is trading near the middle of the 52-week range.
Today puts went up marked buy-write in the MSFT Jan 2014 25 put for .93 and .94 7,500 times each. ??Average volume is 127,000 contracts per day in the name.? Open interest is over 100,000 contracts.
The volume looked like a buyer of puts and stock but it is not clear what the ratio is.? The trade could be taking advantage of the very low implied volatility in 2014.
30-day implied volatility is 20%.? ?10-day implied volatility is 8%.? 30-day implied volatility is trading above the 10-day historical volatility.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.