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MSFT at 303.60
I’m looking for a move towards 320 over the next 30 days. I’m going to set up a defined risk trade and IF my assumption is wrong, I know exactly what I stand to lose (debit paid).
I’m going to give this trade enough time to work by going out to November expiration, which has 65 days until expiration.
Risk Profile:
Order Ticket:
This is a bullish strategy with limited risk of $525.00 and limited potential reward of $475.00.
This strategy will profit if the stock closes above $305.25 by Nov 19, 2021.
There is a 44.38% probability this will happen.
MSFT at 308.41
I’m going to reduce risk ahead of the earnings (5 days)
I’m going to sell to open 310/317.5 call spread for 3.00
This adjustment will reduce risk from 515 to 215 and leave room for more upside
MSFT at 320.15
Microsoft is up nicely after earnings and over all strikes of this call butterfly.
I’m going to take profits here and look for another set up.
Exit Order:
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