Microsoft Calls

I've gotten a nice little pop in the price of Microsoft, so I'm going to take advantage and sell another covered call against my shares. Stocks seem a little anxious to move higher these days, so I'm going to keep this one short and sweet.

• Sell to Open: 1 MSFT Jan 21 2012 29.0 Call @ $0.14

Once again this isn't much money, but it's only a week away and we've got some room to spare with MSFT just above $28 these days.

The Numbers

• Cash: +$14
• Short Option: -$15