$MSFT 20251219 440.0 PUT$ $MSFT hit a bump yesterday, closing down 2.5% after rebounding from its recent swing low of 465. The drop was largely attributed to reports that Microsoft is lowering sales targets for some of its AI products, with some clients showing resistance. This news fueled concerns about the near-term real-world adoption rate of AI, despite Microsoft's major capital expenditures in the space. With the stock now only 2.5% away from that 465 swing low, a Cash-Secured Put (CSP) was opened with a strike slightly below that level. The position is a statement of conviction in Microsoft's long-term value, even with the short-term AI sales hiccups. The plan remains to assess the put's status in two weeks and decide on assignment or a roll-and-put strategy if the strike is breached.