Microsoft Eyes Another Win on Stock Buyback News

MSFT's board approved a $40 billion share repurchase program

Sep 19, 2019 at 9:50 AM
facebook X logo linkedin

Microsoft Corporation (NASDAQ:MSFT) stock has made a definitive move higher this morning -- up 1.4% at $140.50 -- on news the tech giant's board of directors approved an 11% quarterly dividend hike and a new stock buyback program of up to $40 billion in share repurchases. MSFT also said its annual investor day will fall on Wednesday, Dec. 4, and unveiled a collaboration with Indian movie entertainment firm Eros International to develop a next generation online video platform.

This morning's upside is nothing new for MSFT, which is up 38.3% year-to-date, second only to Apple (AAPL) as the best Dow stock so far in 2019. The stock's 80-day moving average has served as a springboard for the shares, and today's pop puts Microsoft on track for a third straight gain -- which would mark its longest winning streak since early August.

There's plenty of optimism priced into the outperformer, too. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), MSFT's 10-day call/put volume ratio of 2.76 ranks in the 93rd annual percentile, meaning calls have been bought to open over puts at a quicker-than-usual clip.

The September 142 call has seen the biggest rise in open interest over this two-week time frame, with nearly 15,000 positions added. All signs suggest the bulk of these calls were bought to open, meaning options bulls are targeting a breakout above $142 by front-month expiration at the close tomorrow, Sept. 20.




Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI