MSFT at $358 feels like a gift. down \~35% from highs, sitting right near the bottom of its 52W range (344-555). still a $2.7T company, nothing is broken here.
For context It near the nov 2021 high.
looking at the $360C 8/21. near the money, earnings in \~29 days which should give a nice IV ramp leading into it.
azure and AI sentiment has cooled off which is honestly when i like getting into these. when everyone's bored of a name but the fundamentals haven't actually changed. the 5Y chart shows this 345-360 zone has been support before.
main risk is macro continuing to drag tech down or earnings being ugly. but risk/reward on a slightly OTM call here feels good to me.
Thoughts?
Edit: For people who keep DMing me this screenshot is from [Thesis](http://Thesis.so). Not Affiliated.
