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Showing posts with label MSFT July 19 2019 $110 put. Show all posts
Showing posts with label MSFT July 19 2019 $110 put. Show all posts

Wednesday, April 24, 2019

Options trade: Microsoft (MSFT) short put option (semi-bullish)

Fri. 4/12/2019 (10:17:37 am, PT)

sell short -1 July 19, 2019  $110 put at $1.68

Facts:

  • 23.29 delta
  • MSFT trading at $120.66
  • 98 days 'til expiration
  • stochastics "overbought"
  • CNBC reported "unusual options activity" (heavy volume on the July $120 long calls)
  • earnings report after the close on Wed. 4/24/2019


Wed. 4/24/2019 (8:47:33 am, PT)

buy (to close) put option at $0.94

Why?  To protect my profits and to avoid any unpleasant surprises after the earnings announcement (at 1 pm, PT).

PROFIT:  $74 (12 days)

Learn to SELL PUT OPTIONS here!  FREE lessons!