Call Options on MSFT on 6/17/2019

Microsoft 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 "cup and handle" and are on the cusp of breaking to the upside. Note the 50-day moving average showin brown.

WE WILL BE TRADING JULY 12th OPTIONS

52-weeks trading range: $93.96 to $134.24

Entry Point: $132.00

Trade Buy 1 July $131.00 Call at $3.90 For a net debit of $3.90 Profit/Loss Analysis Breakeven at $134.90 Maximum profit is unbounded Maximum loss is ($390.00) at strike of $131.00 Closing Summary Sold 1 July $131.00 Call at $7.50

Position closed on 7/12/2019 at price of $7.50 with a 92.31% gain in 25 days.

Updates

7/12/2019 12:58:55 PM

Closing MSFT $131 call options at $7.50

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