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MSFT

 
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clarkrl2



Joined: 09 Feb 2011
Posts: 48
Location: Kansas

PostPosted: Tue Mar 22, 2011 2:07 pm    Post subject: MSFT Reply with quote

Today I added a credit put spread on MSFT. In another thread I mentioned how I track the Dow Industrials, Utilities, and Transports using PE - Yield. MSFT has a lot of cash ($5.76/share) with a 10.73 PE and 2.54% yield. I also believe it has some support between its current price and the short put price. I used a spread with strikes of 23/20 for Oct. I collected $.60/per contract. The stock would have to below $22.40 before I start losing money. .6/2.4 = 25% return before commissions.

This will give me credit put spreads in MSFT, T, and TRV and I own shares of INTC. I also have shares of MRK but since it is out of the top 10 industrials I will keep selling calls (current Jul with a 34 strike) against those shares until it is called.
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clarkrl2



Joined: 09 Feb 2011
Posts: 48
Location: Kansas

PostPosted: Wed Aug 24, 2011 7:32 pm    Post subject: Reply with quote

I had closed this position on Aug 18 due to concerns mentioned in the AAPL thread. The point and figure chart for SPY is bearish and I was liquidating some short term positions. I closed the position for a debit of $.46/contract after opening for a credit of $.60 per conract for a gain of $.12/contract before commissions.
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