Microsoft Corp (MSFT) stock still looks cheap based on its huge AI focus and FCF margins. MSFT could be worth up to $529 per share, +26%. Existing shareholders can make extra income by shorting out-of-the-money (OTM) put options. MSFT closed at $420.21 on Friday, May 17. That is up +5.3% from where it closed on April 25 ($399.04) when it released its fiscal Q3 earnings ending March 31. I discussed Microsoft’s value and shorting OTM puts in my April 26 Barchart article, “Microsoft Shows Massive FCF Growth Despite High AI Spending – MSFT Looks Undervalued.” I also published a detailed analysis i…