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.
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.
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.