Party over at microsoft
This week was especially fruitful for me (YHOO, AAPL), so I decided to toss some back into the water and see what I come back up with. A couple catalysts here:
1. The market is taking a good'ol fashion whopping from almost every angle ... except MSFT. When things go bad, people tend to start looking looking for that "happy place". That place where the party is still "hella crack'in yo" (as some of my friends might say) if you will, and that happy place right now is MSFT. While the market took a 360 point body slam today, little o'Microsoft moved up 0.25. If the market continues to do bad, MSFT will probably move up, if the market turns around MSFT will probably move up more. Read on.
2. MSFT has already got some forward momentum. MSFT has traditionally been known as a piggy bank. You put your money there and it'll stay there, you won't gain or lose. Well with last weeks earnings, people who've seen their money go down, up, down and then settle at nowhere for the last 5 years will try to push it to a new base.
3. Microsoft is good at doing is highlighting their successes (Halo 3, Halo 1, SDL for Exchange, SDL for SQL Server, etc.) and downplaying their not so successful products (Windows ME, Clippy, and whatever else that has been sent to the grave yard etc.). Who wouldn't, that's just good business. Anyways, no doubt MS will come back with some additional news to add to the current momentum.
Here's what I picked up today:
Lot 1:
Buy to Open: 10 calls of MSFT Nov 45 at 0.01
Buy to Open: 190 calls of MSFT Nov 45 at 0.02
Lot 2:
Buy to Open: 100 calls of MSFT Nov 42.5 at 0.05
At the end of trading, both lots have moved up and are in the black already :P
1. The market is taking a good'ol fashion whopping from almost every angle ... except MSFT. When things go bad, people tend to start looking looking for that "happy place". That place where the party is still "hella crack'in yo" (as some of my friends might say) if you will, and that happy place right now is MSFT. While the market took a 360 point body slam today, little o'Microsoft moved up 0.25. If the market continues to do bad, MSFT will probably move up, if the market turns around MSFT will probably move up more. Read on.
2. MSFT has already got some forward momentum. MSFT has traditionally been known as a piggy bank. You put your money there and it'll stay there, you won't gain or lose. Well with last weeks earnings, people who've seen their money go down, up, down and then settle at nowhere for the last 5 years will try to push it to a new base.
3. Microsoft is good at doing is highlighting their successes (Halo 3, Halo 1, SDL for Exchange, SDL for SQL Server, etc.) and downplaying their not so successful products (Windows ME, Clippy, and whatever else that has been sent to the grave yard etc.). Who wouldn't, that's just good business. Anyways, no doubt MS will come back with some additional news to add to the current momentum.
Here's what I picked up today:
Lot 1:
Buy to Open: 10 calls of MSFT Nov 45 at 0.01
Buy to Open: 190 calls of MSFT Nov 45 at 0.02
Lot 2:
Buy to Open: 100 calls of MSFT Nov 42.5 at 0.05
At the end of trading, both lots have moved up and are in the black already :P
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