MSFT Dec $30 calls Alert

D

DeltaSpread

Interesting volume today at nearly 60000 contracts.

In particular one block for 32000 contracts went off at the same time as a 32000 contract block for the Dec $30 puts. Obviously the calls were bought on the ask for .05 so you could extrapolate a BTO position.

However on the puts, that were sold an hour ago for 1.10, appears to have been on the bid price for a possible STO. I can not imagine this would be a STC, but I guess you wont know for 100% certainty.
 
Quote from DeltaSpread:


However on the puts, that were sold an hour ago for 1.10
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I have the puts at the midpoint. At the time, bid was 1.05, ask 1.15.

Given the OI on the puts was only 21k, it's unlikely 32k could be an STC. :-)
 
Quote from FullyArticulate:

I have the puts at the midpoint. At the time, bid was 1.05, ask 1.15.

Given the OI on the puts was only 21k, it's unlikely 32k could be an STC. :-)
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Cool - thanks. Someone is feeling a little bullish perhaps.

Nice move toward the end of the day for MSFT. Those $30 calls are .05/.10 now. Anything up from here past $29.50 & they will continue to rapidly increase. Should be an interesting expiration next week.
 
Probably the firm who had the 21mm shares to buy market on close. They printed it 29.40 when the ecn's were crossed at 29.08. Nice leg into that reversal.
 
Quote from straddler:

Probably the firm who had the 21mm shares to buy market on close. They printed it 29.40 when the ecn's were crossed at 29.08. Nice leg into that reversal.
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Thanks for the info. I did not catch that.
 
Quote from DeltaSpread:

Interesting volume today at nearly 60000 contracts.

In particular one block for 32000 contracts went off at the same time as a 32000 contract block for the Dec $30 puts. Obviously the calls were bought on the ask for .05 so you could extrapolate a BTO position.

However on the puts, that were sold an hour ago for 1.10, appears to have been on the bid price for a possible STO. I can not imagine this would be a STC, but I guess you wont know for 100% certainty.
More...

you are a masterof acronyms

bto, sto stc?
 
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