Microsoft (MSFT) has been hurt by a downgrade that was issued the day after we bought into our call position. Shares are slowly trying to recover and after working on their fourth straight down day, I believe they’ll begin to move higher in the near term. I continue to like this position, so keep holding the MSFT December $47 calls.
MSFT December $47 Calls: Hold for Bounce
Microsoft (MSFT) has been hurt by a downgrade that was issued the day after we bought into our call position. Shares are slowly trying to recover and after working on their fourth straight down day, I believe they’ll begin to move higher in the near term. I continue to like this position, so keep holding the MSFT December $47 calls.