Microsoft Unusual Options Activity For January 12

view original post

A whale with a lot of money to spend has taken a noticeably bearish stance on Microsoft.

Looking at options history for Microsoft MSFT we detected 35 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $1,146,506 and 18, calls, for a total amount of $633,035.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $215.0 to $350.0 for Microsoft over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Microsoft’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Microsoft’s whale trades within a strike price range from $215.0 to $350.0 in the last 30 days.

Microsoft Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MSFT PUT SWEEP BULLISH 06/21/24 $230.00 $178.4K 1.1K 131
MSFT PUT TRADE BEARISH 01/19/24 $350.00 $113.9K 52 10
MSFT PUT SWEEP BEARISH 09/15/23 $240.00 $109.7K 3.7K 159
MSFT PUT TRADE BEARISH 04/21/23 $230.00 $108.4K 4.8K 100
MSFT PUT SWEEP BEARISH 09/15/23 $240.00 $93.6K 3.7K 81

Where Is Microsoft Standing Right Now?

  • With a volume of 8,594,511, the price of MSFT is up 0.59% at $237.15.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 12 days.

What The Experts Say On Microsoft:

  • Piper Sandler has decided to maintain their Overweight rating on Microsoft, which currently sits at a price target of $247.
  • Barclays has decided to maintain their Overweight rating on Microsoft, which currently sits at a price target of $280.
  • DA Davidson downgraded its action to Buy with a price target of $270
  • UBS downgraded its action to Neutral with a price target of $250

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Microsoft, Benzinga Pro gives you real-time options trades alerts.