Microsoft Sees Elevated Options Trading (MSFT)

Posted in Options 
October 20th, 2009

Microsoft Corporation (NASDAQ: MSFT) has seen a low volume day in the shares of its common stock.  But that is not the case in its call options.  Trading volume has really picked up, with some call option contracts trading more than their entire open interest.  You can imagine why… earnings bets ahead of Yahoo! tonight and ahead of Microsoft on Friday morning.  Usually you see open interest passed in thinly traded contracts any time an institution comes in on smaller companies, but you rarely see more contracts trade in a single day compared to the open interest of the near contracts.

NOVEMBER 2009 CALLS BY STRIKE:
CALL$    Volume    OpInt
22.00    11,153    10,817
23.00    25,324    25,908
24.00    1,058    15,252
25.00    10,802    18,070
26.00    6,629    43,203
27.00    4,442    27,663

JANUARY 2010 CALLS BY STRIKE:
CALL$    Volume    OpInt
25.00    36,953    221,311
26.00    2,698    82,664
27.50    1,328    95,192
29.00    1,479    14,078
30.00    2,441    138,660
32.50    2,754    68,241

Jon C. Ogg
October 20, 2009

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