Trade Ideas
UOA PRO New Trade Idea MSFT 7-23
8,500 31July 435 calls bought for 3.00 to 3.20 above open interest of 2,715 contracts. Stock 388.69-388.96.
New Trade Idea
Ticker: MSFT
Stock: 385.96
Trigger: 382.35
Expiration Date: 31JUL
UOA: 8,500 31July 435 calls bought for 3.00 to 3.20 above open interest of 2,715 contracts. Stock 388.69-388.96.
MSFT $384.63 Last.
Large far OTM call buy set out a week that are EPS-inclusive. Charts are tilting negatively in MSFT but with all breakdowns, there is the possibility that this one is false. If it does reverse, they often run strongly to create pain for the fresh shorts and capitulated longs so have to prep for that case with this hit. However, this could certainly be a hedge of sorts for a player that sees the $DXY, TNX, and USD/JPY all jamming in concert with GOOGL and TSLA being thrashed today so will add bearsider too and first!
Trigger: $382.35, flat line. This is a key flat line that has a great deal of historical action around it.
Strategy 1: Consider the MSFT 31July 380.00-360.00 put spread calls for $7.70 projected at trigger level today. Uncappable.
Targets: 379.47, 376.04, 374.02, 371.58, 366.84, 359.49