tech-300x222NASDAQ is near multi-year highs with Microsoft (MSFT) collapsing from roughly $36.50 to $31.00 intraday on Friday (15% high to low drop).  Technology stocks are showing broad based strength.  This week, Facebook (FB) reports on July 24.  The stock is trading at $25.80 which is near the midpoint of its year-to-date trading range of $22 to $32.   In advance of earnings, we have seen bullish near-term options flow with buyers of July27 weekly 27 strike calls.  Other technology names that are seeing bullish options flow include Cisco (CSCO), Dell (DELL) and Qlik Technologies (QLIK).

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