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Analysts are continuing to raise their stock price targets for Microsoft Corp (MSFT) ahead of its earnings results. As a result, MSFT stock is moving up. Shorting out-of-the-money puts and buying in-the-money calls look attractive.
MSFT is at $519.50 in midday trading on Friday, Oct. 3. The stock is up from a recent low of $495.00 on Sept. 5, but it's off from a peak of $535.64 on Aug. 4.