MSFT: collect 0.65% premium for this cash secured put with strike at $400 which is about 5% lower than current market rate. Contract expires in 31 days on 13th Dec.
MSFT is laggard among the Mag 7 and didn't make new high since July. It's consolidation with support around $400 as immediate range to trade.
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It feels like the market is approaching a turning point.