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BarnardR
Oct 26, 2021 5:51 PM

MSFT Long Call Calendar Spread 

Microsoft CorporationNASDAQ

Description

Description:
Earnings after close, taking advantage of high IV on same week options and covering with next week's (Calendar Spread).

Long Call Calendar Spread
Levels on Chart
R/R ~3:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss

The Trade
BUY
11/05 310C
SELL
10/29 310C

Trade active

Filled @ .93

Trade closed manually

Went ahead and closed this out @ .88, -6%.

The move was not conducive to holding a calendar spread, and I closed my directional position at the same time in MSFT.
Comments
rubenfball
What u thinking up or down
BarnardR
@rubenfball, I can't be sure. I hope up because I'm net long the stock, but the calendar spread is an anti-volatility strategy.
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