Microsoft Sees Declining Trading Volume Despite All Time Highs

Since December of 2021, MSFT traded within a Rising Wedge structure that has gradually resulted in lower and lower highs in volume, at the same time IV on the Options Chain has begun to price down the strikes above $515 while Shorter Term Downside IV has begun to price up all the way out to $240.00. If this trend continues we will likely see the $515 area act as strong resistance as liquid interest above it begins to dry out.

This could be the beginning of a move to break down the wedge and trade down to the lower strikes first targeting the $365 price level and resolving around $240 near the 200 Period SMA.