JC wanted to put this trade on yesterday (I think he did), but I wanted to wait until after the Fed announcement juuuuuust in case. You never know what shenanigans may take place on binary event risk days.
Microsoft $MSFT announced earnings last night, and while the stock gapped higher at the open, it has spent most of the morning giving back much of those gains.
It looks to me that the prior trading range for $MSFT is acting as a powerful...