Microsoft Put Credit Spread Plays Are Working Well as Analysts Hike their MSFT Price Targets

Analysts keep raising their price targets for Microsoft Corp. (MSFT) stock on higher revenue and free cash flow (FCF) forecasts. As a result, MSFT put credit spreads have worked well, as I discussed in a Sept. 11 Barchart article.

MSFT closed up 1.48% on Monday, Oct. 5, at $525.18. Three weeks ago, it was at $492.44, so it's risen +6.2%. But, as I will show below, the MSFT put credit spread play has returned +22.7% in the same period. It's time to run the play again. More on this below.