Investors have been trading an unusually large volume of out-of-the-money Microsoft Corp. (MSFT) call options expiring in 74 days. That's a huge bullish signal on MSFT stock, coming after its strong Q2 free cash flow (FCF)results were released after the market closed on Wednesday, July 29.
MSFT is up over 5% today at $488.51, after it rose 19% after the earnings release.