Description
MSFT cooling off of ATH. Looking to take advantage of this by selling some TVP on the end-of-month contracts.
MACD looking to cross
Call Credit Spread
Levels on Chart
SL > 340
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/26 345C
SELL
11/26 340C
R/R & Breakevens vary on fill.
Looking to make 18% return on collateral in 2 weeks.
The short call is placed above previous ATH for good balance of potential success and maximum profit.
The long call is placed 5 points away IAW collateral requirements and risk tolerance.
Manage Risk
Only invest what you are willing to lose