$Microsoft(MSFT)$ 365 experienced service disruptions, affecting users worldwide. Microsoft dropped nearly 2% in after-hours trading, now priced at $433.
If Microsoft opens around $435 tonight, I will sell a put option at $400, holding through the earnings report, with an expiration date of August 2nd.
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The fact that this issue with the crowd strike update is only impacting Windows and not any other operating system speaks volumes about how unreliable Windows is.
Note that Tesla has fallen from 1 to 16 in Ark's holdings. At a time 10 % of equity, now 1.5%. Perhaps she thinks it is overvalued.
Starting to come back to $Microsoft(MSFT)$ now. Initial shock and then the big boys buy before earnings!
Will the outages produce a stronger Microsoft with its own infrastructure for cyber security?
If this market correction plays out, MSFT may hit extreme support at 389.