Last week, the speculation lingered: could Microsoft reach an all-time high by the year's end? Expressing my perspective, I confidently asserted that Microsoft reaching this milestone was only a matter of days away. True to that anticipation, just a week later, Microsoft surged past the 370 mark.
Reflecting on my trading journey, I acquired a Leap Call during the market's downturn in May 2022, well before it entered bear territory. As Microsoft touched its low point in mid-October last year, the value of this Leap Call dwindled to a mere couple of hundred dollars, a stark contrast to the initial 5,000 when I first made the purchase. Despite moments of contemplation about closing the position, I maintained my steadfast belief that the market would eventually rebound. Along the way, I strategically employed the sale of Poor Man's Covered Calls against this long call, securing incremental profits.
Fast forward to the present, and the same Leap Call now boasts a value exceeding 8,000 dollars, translating to a substantial profit of around 3,000 dollars. With an expiration date set for January 2024, I am on the verge of closing this lucrative investment. Looking ahead, I'm inclined to open another Leap Call on Microsoft. My conviction stems from the belief that this company is poised to evolve, capitalizing on the AI wave and achieving numerous more all-time highs.
@TigerStars @TigerEvents @Tiger_SG @CaptainTiger @Daily_Discussion
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.
Hopefully we will have a healthy pull-back of 5% and bring the RSI back down to mid 50s before the march upwards. Right now we are way overbought.
MSFT is the best big cap among 7-magnificent and MAMMA. $400/share before year end is inevitable. Be patient. DON'T SELL. Buy more to keep multi-years
MSFT getting more eyeballs means more ads more revenue. You go girl.