Friday, November 9, 2012

For a Trade

I haven't done it yet, nor am I even going to post the chart, but I am debating a MSFT trade.  Basically, I would buy Dec $30 calls for about $0.39, with a view towards seeing the stock closer to $31.50 or $32 at that point (relative to its current level just below $29).  In other words, the options could be worth somewhere around $1.75 or $2 by expiration.  What I'm seeing in the charts?  An inverse head and shoulders over the past month that projects to at least the levels noted above.  Haven't pulled the trigger, but I might.
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Broken Money

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