February 12th, 2012
Published Daily

Microsoft (last: 19.45)

by Rick Ackerman on April 9, 2009 3:45 am GMT

If Microsoft were going anywhere other than lower in the months ahead, it would have surpassed early February's 19.93 high on the last thrust. Instead, the rally sputtered out at 19.89. Accordingly, Let's try to build a relatively low-risk, bearish option position for the long term by calendar spreading a far-out-of-the-money strike. Start by bidding 0.68 for four...

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

Comments on this entry are closed.