More MSFT Calls

A couple weeks ago I got a little greedy with the Microsoft covered calls, but I'm going to try it again.

• Sell to Open: 1 MSFT Feb 03 2012 30.0 Call @ $0.11

MSFT closed the day just $0.05 away from the $30 strike, but I feel that Microsft(and the overall market in general) is a little stretched to the upside and due for at least a pause. These expire tomorrow, so even if it jumps a bit tomorrow, it shouldn't run up too much and even if the option gets exercised, it should be minor. Last week, even with earnings giving the stock a huge boost, it was still only a minor loss.

The Numbers:

• Cash: +$11
• Short Option: -$11