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Microsoft Corporation (MSFT) has introduced new options for July 2026, offering investors a chance to leverage time value with 234 days until expiration. A notable put contract at the $465.00 strike price has a current bid of $33.05, allowing sellers to potentially purchase shares at a more attractive cost basis of $431.95, compared to the current trading price of $468.44, reflecting a 1% discount.
The odds of the put contract expiring worthless are currently estimated at 58%, which could yield a 7.11% return or 11.09% annualized if the options expire without execution. Conversely, a call contract at the $480.00 strike price is available with a bid of $38.35. Selling this call as a covered call could provide a 10.65% return if the stock is called away. The likelihood of this call expiring worthless stands at 47%, potentially generating an 8.19% return or 12.77% annualized.
Implied volatility for the put contract is at 27% and for the call, it is 29%, while the actual trailing twelve-month volatility is calculated at 24%.
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