Microsoft Corp (MSFT)

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Options Traders Excited About Microsoft (MSFT) Stock
By: Schaeffer's Investment Research | September 25, 2023

• Microsoft is now facing competition in the AI space

• Traders bet big on the stock's monthly 340 call

Big Tech stock Microsoft Corp (NASDAQ:MSFT) once again landed on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks with the highest weekly options volume in the last two weeks. Per White's data, 1,780,301 calls and 1,290,722 puts were exchanged over the last two weeks, with the September 340 call standing as the most popular contract over this time period.



Last seen marginally lower, Microsoft stock has slowly pulled back from its peak following a bull note from UBS. What's more, it looks like the blue-chip tech giant is going to face competition in the artificial intelligence (AI) zone now that Amazon.com (AMZN) is dipping its toes into the technology. On the charts, MSFT's 140-day moving average is keeping the shares afloat, with additional support from the $315 level.



Now looks like a good time to weigh in on the security's next move with options. The stock is seeing attractively priced premiums at the moment, per its Schaeffer's Volatility Index (SVI) of 24%, which sits in the relatively low 25th percentile of its annual range.

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