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Barchart
Barchart
Mark R. Hake, CFA

Investors Buy Long-Dated Microsoft Call Options in Huge Volumes - A Very Bullish Signal

Institutional investors have piled into long-dated (almost 6-month out) Microsoft Corp (MSFT) call options at a 44% higher call strike price. That indicates they are extremely bullish on MSFT stock for the near term. Moreover, analysts' price targets are also well over today's price.

MSFT is at $402.00 in midday trading on Wednesday, June 10, after peaking at $460.52 on June 1. However, the Barchart chart below shows that MSFT has been basically flat for the past 2 months. It released its fiscal Q3 earnings on April 29, but the stock has been treading water since then.

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