Trader hedges bet against Microsoft into earnings—here's how

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Microsoft gets a bearish bet ahead of its Thursday earnings report, and it could be a smart way to play the stock, experts say.

That's at least according to one mystery trader who made a bearish trade in the name ahead of its earnings report after the bell Thursday, buying $136-strike put options expiring on July 26 for $2.12.

And, if you ask options expert Michael Khouw, co-founder and chief strategist at Optimize Advisors, it could simply be a bet against the bulls. Given that rally, it might even benefit the bulls to put on a similar trade, Brian Kelly, founder and CEO of BKCM, said in the same "Options Action" segment. Another way to trade Microsoft's impending report is to not trade it at all, said Steve Grasso, managing director of institutional trading at Stuart Frankel.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Earnings Watch: Why Microsoft is suddenly the most valuable company in Big TechIt was just a year ago that the debate about trillion-dollar market caps focused on Apple Inc. and Amazon.com Inc., but Microsoft has held that title to... Microsoft is only good at one product. If they aren't involved with China Love the art! Good job!
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Morgan Stanley is set to report second-quarter earnings – here's what the Street expectsUnder CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations. Do earnings reports matter any more on Wall Street ? I say 50/50
La source: CNBC - 🏆 12. / 72 Lire la suite »

Bank of America is set to report second-quarter earnings — here's what the Street expectsAnalysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.
La source: CNBC - 🏆 12. / 72 Lire la suite »