After A Microsoft Stock Price Spike, An Options Strategy Aims For A Robust Profit In Weeks

Microsoft (MSFT) stock has had a strong run in recent weeks, with a 9% jump in August preceded by a 25% spike in July. Now the shares could be due for a period of consolidation. With that, it's time to consider an iron condor options strategy. Iron condors profit when a stock stays range-bound and implied volatility contracts, selling expensive…