Microsoft Corp. (MSFT) stock is still undervalued, based on its strong free cash flow (FCF) and analysts' price targets. Moreover, out-of-the-money (OTM) MSFT put options expiring in one month can have an attractive 2.0% yield.
MSFT closed at $460.52 on Monday, June 1, up over 2.2%. The stock has been rising since April 29, when the company released its fiscal Q3 earnings.