. >>> why did some savvy traders bet against microsoft? we'll explain when we come back.n the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market. all on thinkorswim from td ameritrade. [b♪ll rings] time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. >>> with the incredible runs of intel and microsoft, you may think we're in a 1999 time warp. but despite this move, some traders think the run might be over. mike? >> well, today, one thing that was interesting, the stock was up in sympathy with intel. but microsoft, the options ran high. and there was a trade in the morning, what looked like a buyer of 12,000 of the august calls. a bullish trade. but they got sold all day, 23,000 of them. and closed up about 14%. so, a lot of activity, it's hard to tell. but if you think about it, it could just be one holder and the stock may not go a lot higher. this massive breakout

intel popping on earnings, mi o microsoft poppingen earnings today, then you bet against apple?at you are saying is not mutually exclusive. you can't have a magnet on 100 plus, and expect -- >> all i'm saying let's not have too short of meanings. >> i don't people it's the same. there's not as many hate tweets and hate letters when i say anything to be construed slightly negative on apple. it's true. >> also, we have two catalysts between now and when these things are going to expire. earnings is one, iphone6 is potentially another. this is actually a nice time to be in a long options position rather than outright along the stock. >> if it goes past, what's your prediction on how it holds it? >> even google approached the high, and when you get to past top, you deal with memory. there are people from the top who say wonderful, i'm back to where i was. i'm out of this thing. you return to a level of supply, and you contend with the supply. you get there more often than not. >> listen, it's a product-driven story, we'll get to the september launch event very, very quickly, after l

microsoft has traditionally done businesses, and less well with the sort of emerging world of tablets and smartphones, where they are struggling. bomb.ya nadella is the i think you should not bet against. jeff bezos is a fool. the iron law is always going basis -- go with bezos. >> do you disagree that it is not about loyalty? think about it. microsoft has done so much over the years to arroyo anyone's loyalty to the company. you are not with microsoft because you want to be. you are with microsoft because you are handcuffed to windows. >> they missed the beat on mobile, cloud, personal computing, tablets. real deal.la is the he is leading with humility, with urgency and immediacy. he is cutting 18,000 jobs at the wrong part of the company. the right part to cut them, rather. he is moving ahead. i am with them on the future. >> is satya nadella the anti-steve ballmer? >> i do not know if that is true or not. he is bringing a completely different outlook and perspective to the company, to the extent that any outsider can see it. you can see new energy being injected, although probably not to the former people from the nokia side of the house. he seems to have lit a fire under the entir