Microsoft (MSFT) Higher into 'Major Announcement,' But Investors Ho-Hum Overall

June 15, 2012 1:14 PM EDT
Heading into Microsoft's (Nasdaq: MSFT) surprise announcement Monday, shares are trading higher, but fervor to move the stock is low.

According to market data, option implied volatility is 2.5 percent lower Friday from yesterday's close. Shares are up about 2 percent on the session.

Yesterday, reports had Microsoft sending invites for a "major announcement" it's going to make on June 18th.

Though most are speculating a new tablet from the software giant, even analysts are dumbfounded about what the announcement could be.

Even with the anticipation, shares are back to trading at mid-May levels, about 9 percent off annual highs hit last March. The good news for Microsoft investors is that shares have, for the most part, been trading above $30 for the better part of 2012, levels not maintained since the latter part of 2007.

In terms of options, there's typical activity in the June calls but about 2,300 contracts for October '12 33 calls also have been traded.

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