Microsoft Corporation (NASDAQ:MSFT) is starting to impress clearly showing that its CEO, Satya Nadella, with his native intelligence is doing all that is necessary to turn the fortunes of the company. Recent job cuts essentially highlights the great lengths that the CEO is willing to go in order to solidify Microsoft Corporation (NASDAQ:MSFT)’s status as a force to reckon with, both on the software and hardware front.
Microsoft Corporation (NASDAQ:MSFT)’s option calls can support the idea that Microsoft Corporation (NASDAQ:MSFT) could hit the $48 mark that it hit back in April of 2000. The company’s stock is already up in the year highlighting that things could change for the better as the close of the year nears. A closer look at the options calls chart from 2000, one could clearly see that the pattern is trying to repeat itself at the moment according to Pete Najarian, on CNBC.
“[…] April of 2000 that the last time that the stock was $48 a share. Well, the options today that are hitting with some unusual activity, September, 48 call. They started buying this today for 21 cents, 22 cents, 20 cents, Over 20,000 of those traded against about 1,500 open interest. So when you look at what is happening here folks are expecting to see those 2000 levels may be returned to,” said Pete Najarian.
Microsoft Corporation (NASDAQ:MSFT) continues to experience an increase in unusual activities in terms of its option calls, which are showing signs that the stock could finally hit the $48 barrier. Najarian remains bullish on the options which he expects to continue maintaining the upside potential. Jon Najarian, on the other hand, remains bullish on the calls reaching the $50 mark and as much as $60 by 2015.
“I am in it as well; I didn’t add to it today as Pete did, but I was in it in full disclosure into their earnings and virtually all of this week. I think the thing got $50 written on it. I said, I think it’s got $60, through sometime in 2015,” said Jon Najarian.