To The Moon

Finally, $Microsoft(MSFT)$ pulls back! The earnings is great! However, the market's short-term expectations for cloud services and AI were too high, causing MSFT's stock price to rise too much. As a result, in-line-with expectations is considered as “missed estimates“. Anyway, this pullback is an opportunity to add. I plan to to buy the underlying stock of $Microsoft(MSFT)$ through “Sell Put”. The first strike price of my sell put plan is $285, but currently, the premium for this strike price is too low. The premium for the option expiring on August 18th is only $0.5, so there's no need to sell the Put at this point. If the premium for the $285 strike price reaches $0.75 or more in the next few days, I will consider selling the Put. I am willing to start acquiring Microsoft shares at a price below $285. My plan is to start acquiring at $285 and then sell Put options at $275 and $250 strikes. Once I can buy at this price, I intend to hold MSFT for the long term. I expect Microsoft's stock to pull back to around the support level near $320, but that price is still too high for me. I don't want to buy at that price; I believe it could go down to the range of $285-$290. In extreme market conditions, Microsoft's stock could also pull back to the weekly 200 average, around $250. Therefore, I won't acquire all at once. I will set up a step-by-step approach. The sell put options will also be adjusted according to these steps.