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Benji
Feb 15, 2018 4:50 PM

Long MSFT Long

Microsoft CorporationNASDAQ

Description

Long MSFT out of this support zone here.

2x Mar16 90/97.5 call spreads for $2.82.

POP: 41%
Max Risk: $564
Max Win: $936
Target: Price at $96
Stop loss: Price at $90.50

long $90 call: 61 delta
short $97.50 call: 17 delta

Comment

Also sold the 88/90 Mar2 put spread against to help deal with the theta loss per day.

Sold for .52/spread

Comment

Put spread closed this morning for 50% win, $.24 db.

Trade active

Closed 1/2 of this position for $4.11 db. I'm getting a little short on time with the spread (still learning), so I wanted to lock a little in on this nice up move Friday and try to let the rest run.

Trade closed manually

Trading into some resistance here, so I'm going to take the rest of the call spread profits.

I'm thankful for my broker, Tastyworks. They are giving me better fills all the time. Put in an order for $4.74, filled at $4.78.
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