If you haven`t bought the dip on MSFT here, when Microsoft Bought 49% Stake in OpenAI creator of ChatGPT: or the comparison to AMZN and GOOGL:
Then analyzing the options chain and the chart patterns of MSFT Microsoft Corporation prior to the earnings report this week, I would consider purchasing the 400usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $30.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
MSFT traded at $412.64 after earnings, and the calls went up from $30.45 (when I wrote this article) to $33.25 at the close today (higher intraday), for about 10% gain! Still bullish in the options chain. I think it`s a hold.
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