Story perspectives
Traders Pile Into Alphabet and Microsoft Options as Bets Surge
By Drooid · · How we work
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Story summary
- U.S. options traders placed large bets on Alphabet and Microsoft as Nasdaq stayed under 1% from recent highs.
- Options volume for both stocks exceeded the 30-day average by more than 50% on Wednesday.
- Alphabet rose 2.7% and Microsoft gained 1.8% after better-than-expected economic data.
- Call buying in Alphabet topped 150,000 contracts, about double the put volume, with over $200 million in call premiums.
