Microsoft (MSFT) Options Bet Targets $700 by 2028
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowMichael Burry has purchased December 2028 LEAP call options on Microsoft (MSFT) with a strike price of $700, betting the stock will nearly double from its current range of $350 to $373. Burry's position size is unclear since Scion Asset Management has stopped filing 13F reports. The options provide the right to purchase shares at the strike price anytime before expiration, but they are deeply out of the money now. This bet suggests bullish expectations for Microsoft's potential in the evolving AI market, despite the stock having fallen approximately 33% in the last eight months.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Microsoft Corporation (MSFT)
Microsoft is a software and cloud-computing giant best known for Windows, Office, and its Azure cloud platform, and a leading investor in enterprise AI.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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