Stock / Symbol: Microsoft / MSFT
Option Strategy: [private_monthly]calendar call spread[/private_monthly]
Trade entry date: Dec 23
Price at trade entry: $25.97
Price at this post: $28
Current Position:[private_monthly]
Long 15 MSFT Mar12 26 Calls
Short -15 MSFT Jan12 26 Calls
at a cost of $0.42 per contract
[/private_monthly]
Adjustment: [private_monthly]
With MSFT breaking out, we're out of our profit range. We're going to buy back 3 of the short calls here to limit our downside risk.[/private_monthly]
Trade Details:
[private_monthly]
BTC -3 MSFT Jan12 26 Calls
for a net debit of $2.01 per contract (day order, limit order)
[/private_monthly]
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