$MSFT Breakout - Bullish Near Term Options Activity

Oct 12, 2020

MSFT Microsoft with the strong breakout today on above average volume.
~$216.40 has been a key level recently - monitor for a pullback and successful retest in this area for optimal entry.

Lots of bullish call buying today on this name. Of particular interest is the 25k $235.00 strike (OTM) 10/30 calls traded (21x OI) for 4.3M. These are well outside the money (>6%) with only about half a month left until expiration. Someone is expecting a strong bullish move in the near term.

Additionally, we also saw another 25k 10/30 call contracts, at the $225.00 strike (less OTM), traded (11x OI) for 12.1M.


Assuming we don't see a close this week below $216.00 - I'm expecting a strong move into November.
Near term target: $240-$245 range within one month




Note: This is NOT investment advice.