This MSFT cash-secured put expired worthless, allowing me to retain the full premium collected. Was prepared to take assignment if the stock dropped below my strike, but the market turned strong. The Consumer Price Index (CPI) report aligned with analyst expectations, boosting market sentiment.
As of the latest data, MSFT is trading at $396.99. The stock is currently positioned between a support level at approximately $392.53 and a resistance level around $414.99. This suggests that while there’s a support zone that may limit downward movement, there’s also an overhead resistance that could cap upward momentum.
Given this technical landscape, MSFT is trading near its support level, indicating potential stability at this price point. However, will remain cautious of the nearby resistance, which could pose challenges for significant price appreciation in the short term.$MSFT 20250228 390.0 PUT$ $MSFT 20250228 390.0 PUT$
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- DeltaDrift·2025-03-03Nice profits. But isn’t it risky when holding naked options during key economic event…?LikeReport
- AdelaideFox·2025-03-02Great strategyLikeReport