CLOSING the $MSFT Options Action trade - mike

21 sep - this call can be closed for about .15 when i looked at it this afternoon, will be another loss since it was purchased in June for .85.. like i said below, would have sold some front month calls against it to lower the cost basis vs going out so far. see.. the "pro's " dont have a better track record than joe lunchpail retail trader buying naked puts. mike might have done that but we will never know since he doesnt update the trades after blasting them out on air. see all of mikes on-air trades in this google docs spreadsheet

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13aug - been 2months now since this trade was shown on air - if you followed mike in and are still holding its going for about .29 now.. so near 60% loss. still 40days to go till opex. keep your fingers crossed

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jun18- mike does a simple buy call on microsoft for todays options action trade, heres the clip options action

Buy the Sep 31 call for .85


gives himself plenty of time to let this trade work, i dont follow the stock but whenever i see a trade going that far out, my first thought is make it a calender spread instead unless you are looking for a near term pop to take profits, the july 31 is going for about .42.. so selling this also chops your cost of the Sep call in half.. then can do it again for aug opex.. depends on your thesis and how long you want to hold this trade. might look at this tomorrow and price it out using the Jan2012 31 long call as basis.. lots of months till then to sell the monthly short call against it. might add that to the paper trade portfolio for shits and grins. heres mikes on air trades in a spreadsheet mikes on air trades


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