Morgan Stanley Options Attractive As Stock Turns Volatile
Apr, 18th 12:47
Shares in Morgan Stanley were up 8 per cent last week, while the value of their bonds rose as results from JPMorgan Chase, Citigroup and Bank of America have fanned expectations that the bank can recapture some lost momentum.
However the stock price looked set to open sharply lower today, with investor sentiment hit by the news that major oil-producing countries had failed to agree to a freeze on crude output. As seen from the D1 Chart, current price of MS has dropped slightly to 25.75 after testing the resistance at 26.47. ADX staying at 16.82 signals a weak uptrend. The bullish momentum has not been confirmed yet.
Buy Digital Call Option at 25.79 valid until April 22, 2016
Buy Digital Put Option at 25.14 valid until April 22, 2016.