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, Dan Nathan suggested that viewers should consider a bullish options strategy in
Microsoft CorporationMSFT.
He explained that
Microsoft Corporation performed really well last year, but it recently dropped 9 percent in one day and lost around $40 billion in market capitalization. Nathan believes that the stock could fill that gap and he wants to buy call options in the name to make a bullish bet.
Specifically, Nathan wants to buy the March 44 call options for $0.62. The break even for this trade is at $44.62 or approximately 2 percent higher at the March expiration.
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