Call buyer bets on Morgan Stanley
A trader made a big bet Wednesday on a rally from Morgan Stanley (MS). At 12:01 this afternoon, 4,000 contracts of the April 44 call crossed the tape in a single trade. Open interest was 519 contracts. That trade moved at the top of the bid-ask spread, indicating that these new contracts were initiated from the buy side.
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About Morgan Stanley
Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and asset management segments, as well as more than 60,000 employees. Approximately half of the company's net revenue is from its institutional securities business, with the other half coming from wealth and asset management. The company derives about 30% of its total revenue outside the Americas.