Markets were down on Thursday, but there is always tremendous opportunity when you’re trading Wall Street’s highest conviction plays…
After dropping on earnings, could this mega-cap stock trade higher today?
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|TSLA||Tesla Inc||Auto Manufacturers||42.87%||15,030,013|
|MVIS||Microvision Inc||Scientific & Technical Instruments||-7.96%||14,036,364|
|SMTI||Sanara MedTech Inc.||Surgical appliances and supplies||-0.09%||5,139|
|NIO||NIO Inc||Auto Manufacturers||50.86%||165,735,895|
|HTBX||Heat Biologics Inc||Biotechnology||67.52%||42,249,414|
|INO||Inovio Pharmaceuticals Inc||Biotechnology||-6.15%||47,579,013|
|BOXL||Boxlight Corp||Communication Equipment||66.23%||27,337,600|
|AMZN||Amazon Com Inc||Internet Retail||17.61%||5,201,545|
|XSPA||XpresSpa Group Inc||Personal Services||-57.46%||9,773,546|
|SRNE||Sorrento Therapeutics Inc||Biotechnology||50.51%||25,554,277|
|NJMC||New Jersey Mining Company||Gold and Silver Ores||45.71%||158,868|
|AAPL||Apple Inc||Consumer Electronics||13.21%||35,772,421|
|MSFT||Microsoft Corp||Software – Infrastructure||9.69%||35,548,013|
|SPOT||Spotify Technology SA||Internet Content & Information||32.03%||4207880|
|TTOO||T2 Biosystems Inc||Diagnostics & Research||26.71%||17,389,309|
|GENE||Genetic Technologies Ltd||Diagnostics & Research||51.52%||14,426,481|
After posting mixed quarterly earnings results, Microsoft (MSFT) may be the most bullish technology stock on Wall Street right now…
Just yesterday I witnessed six-figure unusual put option activity on stocks such as Netflix, Apple, and Facebook…
But here is yesterday’s unusual options activity on Microsoft:
- $475K worth of August 21 210 Calls
- $39K worth of July 24 212.50 Calls
- $261K worth of August 14 217.50 Calls
- $134K worth of September 4 225 Calls
Notice a trend?
Not a single bearish bet detected…
The bulls are out on Microsoft… to the tune of about $750,000 in call option sweeps purchased yesterday.
With markets currently falling amid tensions between the U.S. and China, taking a long position at the opening bell may be risky business.
That said, if markets make a red-to-green move today and MSFT holds $200/share support, I’ll consider a short term bullish bet on Microsoft – likely via trading in and out of the July 24 212.50 Calls.
Let me give you my go-to “red market” watchlist for the day ahead as a BONUS!
- AAPL July 24 350 Puts
- NFLX July 24 470 Puts
- SNAP July 24 25 Puts
I’ll be in touch with an updated watchlist around 2pm ET today.
Happy Friday ladies and gentlemen!
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.