Traders are taking up a bullish position in Microsoft ( MSFT ) Monday. Specifically, 1,039 contracts of the Sept. 85 call have traded today, against open interest of 225 contracts. Volume at that strike today has been at or near the ask, indicating that these new contracts are being initiated from the buy side.
InvestorsKeyhole Trade Alert
IK-> The technicals for MSFT ($72.33 up $0.57) are bullish with an upward trend. The stock has support about $69.50. Look at the July 65/67.50 bull-put spread for a 25-cent credit. That's an 11.1% return and the stock has to fall by 6.7% to cause a problem. [InvestorsKeyhole, various news and data services]
Originally published on InvestorsObserver.com