Microsoft Corp. (NASDAQ: MSFT), one of the equities consistently seeing the heaviest daily option volume, saw some heavy options activity right out of the gate Monday morning.
The January 2012 37.50-strike call is easily the site of heaviest call volume so far, with 39,660 contracts trading on open interest of just 521. Eleven minutes after the opening bell sounded, a block of 38,563 contracts crossed the tape, trading one penny off the ask price at $1.55 per contract.
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