Microsoft (MSFT) has gotten caught up in the market selling, but the stock now looks primed for a bounce off these lower levels. I want to give our calls a chance to rebound along with it, so let’s roll our current position into a later expiration to benefit from the near-term upside. Sell to close MSFT December $47 calls and buy to open MSFT December $45 calls (exp. 12/26) at market prices.
Most brokers should let you do this in one transaction, so you may want to check with yours to save on transaction fees. If not, you can still conduct the trade in separate transactions by selling our current calls and buying the later expiration ones.
MSFT December $45 Calls: New Aggressive Trade
Microsoft (MSFT) has gotten caught up in the market selling, but the stock now looks primed for a bounce off these lower levels. I want to give our calls a chance to rebound along with it, so let’s roll our current position into a later expiration to benefit from the near-term upside. Sell to close MSFT December $47 calls and buy to open MSFT December $45 calls (exp. 12/26) at market prices.
Most brokers should let you do this in one transaction, so you may want to check with yours to save on transaction fees. If not, you can still conduct the trade in separate transactions by selling our current calls and buying the later expiration ones.