Value a financial derivative contract for Microsoft Corporation based on the following information:

• Underlying Asset: S&P 500 Index
• Contract Size: $100,000
• Current Index Level: 4,000
• Strike Price: 4,200
• Time to Expiry: 6 months
• Risk-Free Interest Rate: 2%

Financial derivatives, such as options and futures contracts, derive their value from an underlying asset and are used for hedging or speculation purposes. Value the derivative contract for Microsoft Corporation using the provided information and interpret the results to assess its fair value and potential profitability. This analysis aids in managing risk exposure and making informed investment decisions regarding financial derivatives.