Call Options on MSFT on 11/7/2017

Bullish Flag on MSFTMicrosoft Corporation (MSFT) develops, licenses, and supports software products, services, and devices worldwide.

The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

The company markets and distributes its products through original equipment manufacturers, distributors, and resellers, as well as through online and Microsoft retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington.

Shares have formed a bullish "flag" following the company's latest quarterly results. Higher share prices are expected for this stock.

 

We will be trading December 1 call options.

 

52-weeks trading range: $57.28 - $86.20

Last Trade: $84.47

Trade

  • Buy 1 December $84.00 Call at $1.25
  • For a net debit of $1.25

Profit/Loss Analysis

  • Breakeven at $85.25
  • Maximum profit is unbounded
  • Maximum loss is ($125.00) at strike of $84.00

Closing Summary

  • Sold 1 December $84.00 Call at $0.50

Position closed on 12/1/2017 at price of $0.50 with a -60.00% loss in 24 days.

Updates

12/1/2017 9:47:45 AM

MSFT Call options sold for 0.50

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