Like pls_老虎社区_美港股上老虎

2021-12-28

Like pls

Unusual Options Activity On Microsoft With Potential $6M Bet<blockquote>微软上不寻常的期权活动，潜在赌注为 600 万美元</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":696699745,"tweetId":"696699745","gmtCreate":1640675677395,"gmtModify":1640675677769,"author":{"id":4087709618925430,"idStr":"4087709618925430","authorId":4087709618925430,"authorIdStr":"4087709618925430","name":"Jjjjia","avatar":"https://static.tigerbbs.com/25215d9b4b22838734cba07948cafe46","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":35,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Like pls&nbsp;</body></html>","htmlText":"<html><head></head><body>Like pls&nbsp;</body></html>","text":"Like pls","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/696699745","repostId":1146732680,"repostType":4,"repost":{"id":"1146732680","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1640674601,"share":"https://www.laohunote.com/m/news/1146732680?lang=zh_CN&edition=full","pubTime":"2021-12-28 14:56","market":"us","language":"en","title":"Unusual Options Activity On Microsoft With Potential $6M Bet<blockquote>微软上不寻常的期权活动，潜在赌注为 600 万美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146732680","media":"Benzinga Earnings","summary":"Microsoft Corp is up almost 2% on the day with below average shares being traded on the day, yet the","content":"Microsoft Corp&nbsp;is up almost 2% on the day with below average shares being traded on the day, yet there's&nbsp;unusual options activity along with a potentially large bet.<blockquote>微软公司当天上涨近 2%，当天交易量低于平均水平，但存在不寻常的期权活动以及潜在的大额押注。</blockquote> <img src=\"https://static.tigerbbs.com/ed4720ad57521dd478686223002bc2c2\" tg-width=\"685\" tg-height=\"375\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Share volume is muted at over 13 million shares versus the 10-day average of 30 million. However, on the options side, there are over 284,000 traded today, which represents over 11% of the OI (open interest) prior to today (image below).<blockquote>股票成交量低于 1300 万股，而 10 天平均水平为 3000 万股。然而，在期权方面，今天有超过284,000份交易，占今天之前OI（未平仓合约）的11%以上（下图）。</blockquote> <img src=\"https://static.tigerbbs.com/18a09d2c5e0458b04c0d602aa6870dcd\" tg-width=\"1001\" tg-height=\"279\" width=\"100%\" height=\"auto\"><blockquote></blockquote> But what really sticks out is the particularly large option bet for the Mar. 18 (2022) expiry, with one trader buying 2000 calls and 2000 puts at the $340 strike (image below).<blockquote>但真正引人注目的是 2022 年 3 月 18 日到期的特别大的期权赌注，一名交易者以 340 美元的价格买入了 2000 份评级和 2000 份看跌期权（下图）。</blockquote> <img src=\"https://static.tigerbbs.com/430c0242ecbf3f3468753ce61acfb898\" tg-width=\"971\" tg-height=\"86\" width=\"100%\" height=\"auto\"><blockquote></blockquote> The 2000 calls and puts at the $340 strike most likely represent a straddle, but the question is are they buying the straddle or are they selling the straddle.<blockquote>2000 点评级和 340 美元的看跌期权很可能代表跨式期权，但问题是他们是买入跨式期权还是卖出跨式期权。</blockquote> Why It Matters:&nbsp;If the trader bought the straddle (meaning they bought the $340 calls and $340 puts) it means they spent over&nbsp;$6 million dollars&nbsp;in debit to make this trade. It also means they are expecting volatility to increase between now and the Mar. 18 expiry enough to push the price either up or down by more than $32 (which is the relative costs for the calls and puts collectively).<blockquote>为什么重要：如果交易者购买了跨式期权（意味着他们购买了 340 美元的评级和 340 美元的看跌期权），则意味着他们花费了超过600万美元借记进行这笔交易。这也意味着他们预计从现在到 3 月 18 日到期日期间波动性将会增加，足以推动价格上涨或下跌超过 32 美元（这是评级和看跌期权的相对成本）。</blockquote> If&nbsp;the trader bought the straddle, they are expecting Microsoft to close either up more than $32 from the current price around $340, or lower than $32 from the current $340 price.<blockquote>如果交易员买入跨式期权，他们预计微软将从当前 340 美元左右的价格收盘超过 32 美元，或者从当前 340 美元的价格收盘低于 32 美元。</blockquote> If however the trader sold the straddle, they'd be expecting volatility to decrease between now and the Mar. 18 expiry, hence the stock would need to close below $372 or above $308 to make a profit.<blockquote>然而，如果交易者卖出跨式期权，他们预计从现在到 3 月 18 日到期日期间波动性会下降，因此该股需要收盘价低于 372 美元或高于 308 美元才能获利。</blockquote> It should be noted, selling a straddle with this many contracts would require approximately $20 million in margin to hold.<blockquote>需要注意的是，出售包含如此多合约的跨式合约需要大约 2000 万美元的保证金才能持有。</blockquote> What's Next:&nbsp;Currently the market is pricing in the probability of the stock closing between $308 and $372 to be approximately 56%. Implied volatility for the ATM (at-the-money) Mar. 18 contracts are currently at 47% while the Jan. 21 expiry is at 45%, so the volatility term structure is in relative contango.<blockquote>下一步：目前，市场预计该股收盘价在 308 美元至 372 美元之间的概率约为 56%。ATM（现金）3 月 18 日合约的隐含波动率目前为 47%，而 1 月 21 日到期合约为 45%，因此波动率期限结构处于相对期货溢价。</blockquote> With the Mar. 18 expiry implied volatility at 47%, it means the market is currently pricing an increase in volatility between now and then, which may suggest the trader is long the straddle. It should be noted earnings are coming out for Microsoft on Jan. 24 which may create a volatility increasing event should there be a surprise up or down.<blockquote>3 月 18 日到期意味着波动性为 47%，这意味着市场目前正在消化从现在到那时波动性的增加，这可能表明交易者正在做多跨式期权。值得注意的是，微软将于 1 月 24 日公布财报，如果出现意外上涨或下跌，可能会引发波动性增加事件。</blockquote> If however the earnings are flat with no new forward guidance, the stock could see a drop in volatility, thus making the short straddle more viable.<blockquote>然而，如果盈利持平且没有新的远期指引，该股的波动性可能会下降，从而使空头跨式交易更加可行。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unusual Options Activity On Microsoft With Potential $6M Bet<blockquote>微软上不寻常的期权活动，潜在赌注为 600 万美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnusual Options Activity On Microsoft With Potential $6M Bet<blockquote>微软上不寻常的期权活动，潜在赌注为 600 万美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga Earnings \n2021-12-28 14:56\n</div>\n</div>\n</h4>\n</header>\n<article>\nMicrosoft Corp&nbsp;is up almost 2% on the day with below average shares being traded on the day, yet there's&nbsp;unusual options activity along with a potentially large bet.<blockquote>微软公司当天上涨近 2%，当天交易量低于平均水平，但存在不寻常的期权活动以及潜在的大额押注。</blockquote> <img src=\"https://static.tigerbbs.com/ed4720ad57521dd478686223002bc2c2\" tg-width=\"685\" tg-height=\"375\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Share volume is muted at over 13 million shares versus the 10-day average of 30 million. However, on the options side, there are over 284,000 traded today, which represents over 11% of the OI (open interest) prior to today (image below).<blockquote>股票成交量低于 1300 万股，而 10 天平均水平为 3000 万股。然而，在期权方面，今天有超过284,000份交易，占今天之前OI（未平仓合约）的11%以上（下图）。</blockquote> <img src=\"https://static.tigerbbs.com/18a09d2c5e0458b04c0d602aa6870dcd\" tg-width=\"1001\" tg-height=\"279\" width=\"100%\" height=\"auto\"><blockquote></blockquote> But what really sticks out is the particularly large option bet for the Mar. 18 (2022) expiry, with one trader buying 2000 calls and 2000 puts at the $340 strike (image below).<blockquote>但真正引人注目的是 2022 年 3 月 18 日到期的特别大的期权赌注，一名交易者以 340 美元的价格买入了 2000 份评级和 2000 份看跌期权（下图）。</blockquote> <img src=\"https://static.tigerbbs.com/430c0242ecbf3f3468753ce61acfb898\" tg-width=\"971\" tg-height=\"86\" width=\"100%\" height=\"auto\"><blockquote></blockquote> The 2000 calls and puts at the $340 strike most likely represent a straddle, but the question is are they buying the straddle or are they selling the straddle.<blockquote>2000 点评级和 340 美元的看跌期权很可能代表跨式期权，但问题是他们是买入跨式期权还是卖出跨式期权。</blockquote> Why It Matters:&nbsp;If the trader bought the straddle (meaning they bought the $340 calls and $340 puts) it means they spent over&nbsp;$6 million dollars&nbsp;in debit to make this trade. It also means they are expecting volatility to increase between now and the Mar. 18 expiry enough to push the price either up or down by more than $32 (which is the relative costs for the calls and puts collectively).<blockquote>为什么重要：如果交易者购买了跨式期权（意味着他们购买了 340 美元的评级和 340 美元的看跌期权），则意味着他们花费了超过600万美元借记进行这笔交易。这也意味着他们预计从现在到 3 月 18 日到期日期间波动性将会增加，足以推动价格上涨或下跌超过 32 美元（这是评级和看跌期权的相对成本）。</blockquote> If&nbsp;the trader bought the straddle, they are expecting Microsoft to close either up more than $32 from the current price around $340, or lower than $32 from the current $340 price.<blockquote>如果交易员买入跨式期权，他们预计微软将从当前 340 美元左右的价格收盘超过 32 美元，或者从当前 340 美元的价格收盘低于 32 美元。</blockquote> If however the trader sold the straddle, they'd be expecting volatility to decrease between now and the Mar. 18 expiry, hence the stock would need to close below $372 or above $308 to make a profit.<blockquote>然而，如果交易者卖出跨式期权，他们预计从现在到 3 月 18 日到期日期间波动性会下降，因此该股需要收盘价低于 372 美元或高于 308 美元才能获利。</blockquote> It should be noted, selling a straddle with this many contracts would require approximately $20 million in margin to hold.<blockquote>需要注意的是，出售包含如此多合约的跨式合约需要大约 2000 万美元的保证金才能持有。</blockquote> What's Next:&nbsp;Currently the market is pricing in the probability of the stock closing between $308 and $372 to be approximately 56%. Implied volatility for the ATM (at-the-money) Mar. 18 contracts are currently at 47% while the Jan. 21 expiry is at 45%, so the volatility term structure is in relative contango.<blockquote>下一步：目前，市场预计该股收盘价在 308 美元至 372 美元之间的概率约为 56%。ATM（现金）3 月 18 日合约的隐含波动率目前为 47%，而 1 月 21 日到期合约为 45%，因此波动率期限结构处于相对期货溢价。</blockquote> With the Mar. 18 expiry implied volatility at 47%, it means the market is currently pricing an increase in volatility between now and then, which may suggest the trader is long the straddle. It should be noted earnings are coming out for Microsoft on Jan. 24 which may create a volatility increasing event should there be a surprise up or down.<blockquote>3 月 18 日到期意味着波动性为 47%，这意味着市场目前正在消化从现在到那时波动性的增加，这可能表明交易者正在做多跨式期权。值得注意的是，微软将于 1 月 24 日公布财报，如果出现意外上涨或下跌，可能会引发波动性增加事件。</blockquote> If however the earnings are flat with no new forward guidance, the stock could see a drop in volatility, thus making the short straddle more viable.<blockquote>然而，如果盈利持平且没有新的远期指引，该股的波动性可能会下降，从而使空头跨式交易更加可行。</blockquote>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146732680","content_text":"Microsoft Corp is up almost 2% on the day with below average shares being traded on the day, yet there's unusual options activity along with a potentially large bet.\n\nShare volume is muted at over 13 million shares versus the 10-day average of 30 million. However, on the options side, there are over 284,000 traded today, which represents over 11% of the OI (open interest) prior to today (image below).\n\nBut what really sticks out is the particularly large option bet for the Mar. 18 (2022) expiry, with one trader buying 2000 calls and 2000 puts at the $340 strike (image below).\n\nThe 2000 calls and puts at the $340 strike most likely represent a straddle, but the question is are they buying the straddle or are they selling the straddle.\nWhy It Matters: If the trader bought the straddle (meaning they bought the $340 calls and $340 puts) it means they spent over $6 million dollars in debit to make this trade. It also means they are expecting volatility to increase between now and the Mar. 18 expiry enough to push the price either up or down by more than $32 (which is the relative costs for the calls and puts collectively).\nIf the trader bought the straddle, they are expecting Microsoft to close either up more than $32 from the current price around $340, or lower than $32 from the current $340 price.\nIf however the trader sold the straddle, they'd be expecting volatility to decrease between now and the Mar. 18 expiry, hence the stock would need to close below $372 or above $308 to make a profit.\nIt should be noted, selling a straddle with this many contracts would require approximately $20 million in margin to hold.\nWhat's Next: Currently the market is pricing in the probability of the stock closing between $308 and $372 to be approximately 56%. Implied volatility for the ATM (at-the-money) Mar. 18 contracts are currently at 47% while the Jan. 21 expiry is at 45%, so the volatility term structure is in relative contango.\nWith the Mar. 18 expiry implied volatility at 47%, it means the market is currently pricing an increase in volatility between now and then, which may suggest the trader is long the straddle. It should be noted earnings are coming out for Microsoft on Jan. 24 which may create a volatility increasing event should there be a surprise up or down.\nIf however the earnings are flat with no new forward guidance, the stock could see a drop in volatility, thus making the short straddle more viable.","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3624,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/696699745"}