NewsFeeder
04-27-2017, 12:20 PM
Options bulls gun for more as U.S. tech earnings roll up
Options traders are betting that the U.S. technology sector's strong rally has more room to run as big industry names Microsoft Corp (MSFT.O), Intel Inc (INTC.O) and Google parent Alphabet Inc (GOOGL.O) get set to report quarterly results. With tech companies poised to benefit from the Trump administration's new tax proposals, recent options trading in the Technology Select Sector SPDR Fund (XLK.P), the PowerShares QQQ Trust (QQQ.O) and individual names such as Microsoft and Intel, points to investors' optimistic outlook for the sector, market experts said. "The flow has largely been bullish," said Ilya Feygin, managing director and senior strategist at WallachBeth Capital.
Options bulls gun for more as U.S. tech earnings roll up (http://finance.yahoo.com/news/options-bulls-gun-more-u-171549560.html?.tsrc=rss)
Options traders are betting that the U.S. technology sector's strong rally has more room to run as big industry names Microsoft Corp (MSFT.O), Intel Inc (INTC.O) and Google parent Alphabet Inc (GOOGL.O) get set to report quarterly results. With tech companies poised to benefit from the Trump administration's new tax proposals, recent options trading in the Technology Select Sector SPDR Fund (XLK.P), the PowerShares QQQ Trust (QQQ.O) and individual names such as Microsoft and Intel, points to investors' optimistic outlook for the sector, market experts said. "The flow has largely been bullish," said Ilya Feygin, managing director and senior strategist at WallachBeth Capital.
Options bulls gun for more as U.S. tech earnings roll up (http://finance.yahoo.com/news/options-bulls-gun-more-u-171549560.html?.tsrc=rss)