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.