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.
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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.