Microsoft Corp (MSFT) $32.80 +0.38%
Microsoft (MSFT) adds 13 cents to $32.80 and is one of 18 Dow stocks holding gains midday. Recent options trades on the stock include an Apr 27 – 32 put spread, sold at 45 cents, 18500X. It might be a closing trade or position adjustment after a 26.4 percent year-to-date rally in MSFT shares. Or, it might simply be a straight put spread write on the view MSFT will hold above $32 (~2.4%) through the April expiration (37 days). The stock is notching new 52-week highs today and trading at its best levels since Feb 2008.
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
