mikeffi

MSFT suit a net credit position

NASDAQ:MSFT   MICROSOFT CORP
33 0 2
With option yields high due to Fridays staggeringly good move any move up from Fridays close could merit consideration of a "net credit" type of position either with short term bull put or even covered call, both of which take advantage of the major move higher whilst still allowing for a little profit taking along the way.
Technically $48 is the next key price point, but with the close towards the high of a price bar there may be momentum to push higher form here towards $49 in the first instance. The price close onth ebar coudl be the most solid indictor for action,
Not surprisingly post-earnings volume was abnormally high so offers little guidance but clearly the price has shot above any key moving average

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