MSFT Darkpool Accumulation
MSFT has had a very large amount of Dark pool accumulation during the last week and today. Sellers have also been leaving since MSFT fell into the $410 area.
Looking back at Option Order Flow - Institutions do seem to be bullish and are targeting $420. Additionally, an $85 Million dollar call option for May 16 was bought at $417.19 back on January 31st. There is less Put premiums than Call premiums over the last couple months. Logically, the skew on MSFT looks more bullish than bearish at its current price.
Due to the Relative Strength MSFT showed today during the market dip and recent record inflows of share purchasing, I believe that we could see a 2-3% move upwards soon. Their ER was positive and there is still a buy signal on Wall Street preferring Software to Hardware and MSFT has extremely important software's, not just their Open AI stake.
Looking back at Option Order Flow - Institutions do seem to be bullish and are targeting $420. Additionally, an $85 Million dollar call option for May 16 was bought at $417.19 back on January 31st. There is less Put premiums than Call premiums over the last couple months. Logically, the skew on MSFT looks more bullish than bearish at its current price.
Due to the Relative Strength MSFT showed today during the market dip and recent record inflows of share purchasing, I believe that we could see a 2-3% move upwards soon. Their ER was positive and there is still a buy signal on Wall Street preferring Software to Hardware and MSFT has extremely important software's, not just their Open AI stake.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.