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Moderately bullish activity in Microsoft with shares up 1.77%

Moderately bullish activity in Microsoft (MSFT), with shares up $8.47, or 1.77%, near $485.87. Options volume roughly in line with average with 280k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 0.1 points near 17.98,in the bottom quartile of the past year, suggesting an expected daily move of $5.50. Put-call skew flattened, suggesting a modestly bullish tone.

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