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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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!
Source: MarketWatch - 🏆 3. / 97 Read more »
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
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »