ACTION:

Buy to open the MSFT December 57.50 puts (MSFT161216P00057500) for a maximum price of $1.00.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this afternoon on Microsoft (MSFT), so let’s get right to it.

 

Microsoft (MSFT, $59.85, down $0.07)

Buy to open the MSFT December 57.50 puts (MSFT161216P00057500) for a maximum price of $1.00.

Action: I like these put options at current levels, and you can use a Limit Order up to $1.00 to get the best fills.

These are the monthly options that expire on Dec. 16. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.

You can read my previous comments on MSFT in the Oct. 31 Mid-Market Update.

 

I hereby disclose that I will be participating in the aforementioned trade(s).

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options