BUY, SELL, HOLD (2)

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.

 

 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.