How to Profit $3000+ from Microsoft's All-Time High?
Stocks continued to rebound this week, especially the $NASDAQ(.IXIC)$ which rose 2.37%, and $Microsoft(MSFT)$ hit another all-time high of $370.10.
Microsoft's surge resulted in impressive gains for investors, exceeding $3,000. How was this achieved?
Let's take a look!
Special commend: How to achieve an 8%* annualized yield on your Tiger Vault Fund?
Congratulations to @mster for earning a profit of $3385.70 by going long on Microsoft through options trading!
In fact, as early as mid-2022, mster was confident that Microsoft would rise to $290 or above and strategically positioned itself accordingly.
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.
Mster's experience proves the enduring trust in major tech companies.
Microsoft, benefiting from AI, has experienced smooth sailing and broken new records. OpenAI's CEO announced GPT-4 Turbo, the latest generation of the company's artificial intelligence model, at a developer conference last week.
What's next after Microsoft hits an all-time high?
Is it time to take profit or keep holding?
🎁Rewards：
Feel free to share your $Microsoft(MSFT)$ positions in the comment section for a chance to win Tiger Coins!
If you've achieved profits from other potential stocks we don’t know, kindly share your trading strategies in your post, and remember to include the topic "Winning Trades". Hope you'll be the next one to make it onto the leaderboard~
🧭 Share positions:
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.
Great ariticle, would you like to share it?
Great article
Good