US stock analysis: IGV has had six consecutive green days. Recently, every dip in the software sector has seen obvious bottom-fishing funds, but it's still an oversold rebound trend for now. Keep a close eye on MSFT going forward. After this pullback, the support formed here is very strong. As long as the stock holds this level, it's fine. Options are getting more expensive, so for collar protection, you can consider buying a 390 put when the stock price rebounds to around 410, and selling a further out call above 430. Specific price levels can be adjusted based on the trend.