$MSFT Strangle option 260/272.5 before next ER +/-20$

Breaking out falling wedge pattern but facing big overhead cloud ends up at 280 - closing above 280 should open the gate for new bull run - rejection from 280 or lower could lead to bearish pattern targeting double bottoms between 240-230-220 . both scenarios are valid. RSI at down trendline since Nov last year - same if breakout on Monday then bullish signal for long run but if rejected then expected sharp move below 260 . strangle between 260 and 272.2 is my idea. average profit probability is 35% for this strangle . anyhow 2 target before next earning report 240-290 which is around 20$ from Friday close at 267.7 good luck.

Comment:

MSFT as expected the big red cloud rejects price. reached 252.9 which is 10$ from put option = 1000$ for single contract. amazing
now resistance at 263

Trade active:

MSFT 2ND attempt to breakout cloud resistance -- 270 then 280