Microsoft shares might be rangebound. Here's how you can still make money

The beauty of trading options is you can make money if a stock goes up, down or nothing at all. Shares of Microsoft are presenting such an opportunity right now. Microsoft's volatility, a measure of how expensive its options are, has been building over the last several days. That increase is presenting an interesting opportunity for options traders well before earnings. Rising Treasury yields and oil prices have kept implied volatility elevated across the Magnificent Seven. However, Microsoft has been subject to its own unique catalysts, such as last Friday's announcement of a significant Copilot overhaul.