Broke ATH, good long entry on the close if >306.
Long Calls work well, but I will be using Call Debit Spreads IAW my risk tolerance & time horizon.
Call Debit Spread
Cash Collateral
Levels on Chart
SL < 305.86
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
10/29 307.5C
SELL
10/29 320C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed 2 standard deviations away.
Long Calls work well, but I will be using Call Debit Spreads IAW my risk tolerance & time horizon.
Call Debit Spread
Cash Collateral
Levels on Chart
SL < 305.86
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
10/29 307.5C
SELL
10/29 320C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed 2 standard deviations away.
Trade active:
Filled at 3.95 yesterday.
Flat day today. A close today above yesterday's close (307.29) is a strong signal,
SL @ daily close under 305.86.
Flat day today. A close today above yesterday's close (307.29) is a strong signal,
SL @ daily close under 305.86.
Trade active:
These calls are ITM with MSFT still holding support.
Trade active:
Call ITM, earning coming up at 5:30 PM EDT.
Closing out 1/3 of position to manage risk into earnings.
Closed 1 @ 4.85, 23% gain.
Closing out 1/3 of position to manage risk into earnings.
Closed 1 @ 4.85, 23% gain.
Trade closed manually:
Good earnings for MSFT, full position closed out @ 9.00, +127%.
Although I am still long the stock, I am closing here because its same week expiration and I am not willing to give the position a chance to reverse on me.
Although I am still long the stock, I am closing here because its same week expiration and I am not willing to give the position a chance to reverse on me.