ACTION:

Take profits and sell to close the first half of the MSFT December 57.50 puts at current levels.

Dear Momentum Options Subscriber,

I have a partial profit alert this afternoon for one of our current positions that is showing a nice gain.

 

Microsoft (MSFT, $58.28, down $1.89)

MSFT December 57.50 puts (MSFT161216P00057500, $1.26, up $0.64)

Entry Price: $0.86 (11/1/2016)

Exit Target: $1.75

Return: 47%

Stop Target: None

Action: Take profits and sell to close the first half of the trade at current levels.

Fresh support is at $58. Resistance is at $58.75-$59.

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

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options