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$MSFT 217c 1/22 - Entry 214, PT 217, SL 213 #options

Long
Microsoft Corp. (NASDAQ:MSFT)  
TroydTrades  
NASDAQ:MSFT   Microsoft Corp.
Chart Patterns Fundamental Analysis Microsoft (MSFT) buy options optionsstrategy daytrade
2
0
chartpattern fundamental msft buy options optionsstrategy daytrade
Valid: January 19th, 2020

Rationale: Funds will, at some point, buy up a bunch of cheap tech. We're also approaching the bottom of long term support. I want to scalp the next round of funds buying big tech. There is a historical shorter term demand/supply gap between 214 and 217.

Entry Rules

  • 5 minute close above entry point, indicates positive momentum.
  • Purchase a strike near target
  • Scalps - buy the weekly
  • Swings - buy one week out
  • Stop loss only after Entry, indicates sideway action is taking place, exit to avoid theta or downside.
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