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There were buyers of 11,120 of the October 28 weekly 250 calls at an average price of $4.34 per contract, Khouw mentioned. Traders expect shares of Microsoft to breach the 250 strike price by Friday expiration, he stated. There was also “a lot of activity in the 260-calls and 245’s as well,” Khouw added.

MSFT Price Action: Shares of Microsoft had risen by 2.12% to close at $247.25 on Monday.

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