Microsoft (MSFT) down 56 cents to $30.14 and a Jan 25 – 28 put spread is bought on the software-maker for 75 cents, 27000X on ARCA. Open interest is sufficient to cover, but this might be a new position ahead of a July 19 earnings report.
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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.