That rent line on $Microsoft(MSFT)$ is how I see it as well. As long as it holds above 500 while the market grinds higher, those puts just bleed a little each day and buy some peace of mind. They only stop being rent if 500 gives way on a close.
That rent line on $Microsoft(MSFT)$ is how I see it as well. As long as it holds above 500 while the market grinds higher, those puts just bleed a little each day and buy some peace of mind. They only stop being rent if 500 gives way on a close.
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