I opened 1.0 unit(s)
$MSFT VERTICAL 250307 PUT 395.0/PUT 400.0$ ,
For the past few months, MSFT looks to be trading sideways. Currently, price is quite near the support levels. In view that earnings and revenue reported are still positive, And currently william%R is at oversold region, I think price should still go up in the coming weeks.
In the daily chart, I think the potential support levels are $410, $405, $400, $390. I have choosen $400 for the short PUT of the bull put spread. Manage to get a credit Of $1 for a $5 spread. As long as price stays above $400, this trade is profitable.
Happy trading đ$MSFT VERTICAL 250307 PUT 395.0/PUT 400.0$
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