Morgan Stanley Calls Purchased
Symbols: MS
Morgan Stanley (NYSE: MS) is seeing call buying today with the Feb $27 strike bought 3,000 times on the offer. The stock has fallen off of a cliff during the past month and is currently hovering on a support level. Were the stock to hold here, which looks promising, you could see a sharp spike to $30 in the very near term.
Morgan Stanley options traders seem to have that same opinion and are buying those short dated calls on the cheap. The stock is currently trading $26.77, up 0.63% on the day.
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