Isn't that awesome! Once again Microsoft is running higher and my greed yesterday is going to bite me again. This time it was the employment report this morning. Might be time to lay off the covered calls until this bullishness in the markets fades a little. If the calls I sold yesterday are still in the money towards the end of the day I'll roll them forward a week or so. I'll update this post if I do.
Update: I rolled the MSFT calls out one week on Friday afternoon.
- Buy to Close: 1 MSFT Feb 03 2012 30.0 Call @ $0.28
- Sell to Open: 1 MSFT Feb 10 2012 30.0 Call @ $0.44
The Numbers:
- Cash: +$16
- Short Option: -$16
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