**********MSFT pullback produced repeatable options setups** [developing]
Key Questions
What is the key price setup for MSFT in this correction?
MSFT has corrected to a ~$380-382 double bottom, signaling a TD8/9 reversal with a $362-401 support buy zone. This setup is supported by $56.2M in bullish options flow and institutional buys, targeting a $400 price by March 31 catalyst.
What are the main support and resistance levels for MSFT?
Key support levels are at $380 and $362-401, while resistance is at $410 and $450. These levels are critical for trading decisions amid the developing pullback.
What options trades are highlighted for MSFT?
Suggested trades include $460 put sale for $4k profit, 500/515 bear-call for $345, and $410 calls/$450 OI with jade lizard strategies in Apr/May due to high IVR. Convert flows to P/L on spikes for potential gains.
Correction deepens to $380-382 double bottom (TD8/9, H Pattern, $362-401 buy zone), now breaks $400 eyeing $344 (profit/AI risks, 2.68%/2.37% drops, 14.6M vol); $56.2M bull options, $370 put/$390 call, prior jade lizard Apr/May/$460 put/$500-515 bear call. S/R $344/$370/$380/$362-401/$400/$410/$450; track flows/P/L on spikes.