MSFT is in tight price action this week within the 50 day sma and short term EMAs. Its also the MAG7 that didn't participate in the past 2 weeks rally. Chose $490 as my short strike as its within the lateral support area of $491. Will use premium to purchase shares, its a strong fundamental stock that still below its fair value.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -1.23 5 | -- Holding |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- TODAMOON·09-20Sounds like a solid strategy! Those fundamentals with MSFT are hard to ignore, good luckLikeReport