1. Spot is $203.12 and the crowd isn't backing off: 627k contracts on the $200 calls expiring today, 392k on the $202.5s, 266k on the $205s, all same-day. P/C is 0.40, about 2.5-to-1 calls over puts. If you had covered calls written at $200, you're getting called away today. Left some on the table, but you collected the premium while the crowd was still chasing.
2. $MSFT at $384.20 and calls are running 2.7-to-1 over puts. The $385 calls expiring today printed 44k contracts against just 635 OI, a 70-to-1 vol/OI ratio. Someone is making a hard directional bet this closes above $385 today. Worth a look if you're sizing up near-term covered call strikes on this one.
3. Spot is $390.77 with the $390 puts expiring today printing 284k contracts against 5.8k OI, about 50-to-1. That kind of put concentration at the money on expiry day tends to pin the tape. Watch the close.
Aggregated and distilled by Two Sentence Traders. Not financial advice.