MSFT Weekly Options Play

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Description
MSFT cooling off of ATH. Looking to take advantage of this by selling some TVP on the end-of-month contracts.

MACD looking to cross

Call Credit Spread
Levels on Chart
SL > 340
*Stops based off underlying stock price, not mark to market loss

The Trade
BUY

11/26 345C
SELL
11/26 340C

R/R & Breakevens vary on fill.
Looking to make 18% return on collateral in 2 weeks.
The short call is placed above previous ATH for good balance of potential success and maximum profit.
The long call is placed 5 points away IAW collateral requirements and risk tolerance.

Manage Risk
Only invest what you are willing to lose
Dagangan aktif
Filled @ .92.
Dagangan aktif
Marked @ 1.34 EOD.
Doesn't feel good, but trade is still valid.
Dagangan aktif
This one will be held through the ex-dividend date, but both calls in the spread are OTM.
Dagangan ditutup: hentian tercapai
Filled @ 1.93, -110%
I am comfortable with closing this out right now.
Looking at the volume profile and the vwap for the day, it looks pretty strong into the ATH.
I will look to put on a long if it will close over 140.
callcreditspreadChart PatternsTechnical IndicatorsmsftshortoptionsplayriskyTrend Analysis

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