Moderately bullish activity in Microsoft with shares up 0.27%

Moderately bullish activity in Microsoft (MSFT), with shares up $1.32, or 0.27%, near $488.17. Options volume relatively light with 56k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.65. Implied volatility (IV30) is higher by 0.5 points near 19.04,in the bottom quartile of the past year, suggesting an expected daily move of $5.85. Put-call skew flattened, suggesting a modestly bullish tone.