Microsoft (MSFT) – Tech Breakout – Sept 3rd, 2019
Bullish – MSFT $137.79 – Technology
The idea presented is the opinion of the Options Action staff and not a recommendation by OptionsPlay.
On Friday’s Options Action, the crew analyzed Microsoft stock. Microsoft has consolidated for a couple of months after breaking out above $130. Coupled a strong revenue model, and a potential breakout higher in the markets, MSFT is primed for a breakout higher. Expecting MSFT to push higher, Dan Nathan suggests buying an Oct 140/150 Call Vertical for $2.65 Debit. As of Friday’s close, these calls were trading at a $2.98 Debit.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: MSFT OptionsAction Trade
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