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Old 02-21-2012, 04:39 AM
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matthew matthew is offline
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Join Date: May 2008
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Default Microsoft trade profit of $144

Current market price is 31.39. Buying 216 shares at 31.76 and selling 432 shares at 30.88 on a different account. Also placing a separate stop loss at 31.76 for 216 of the 432 sell positions, this way we are completely covered. The total stop loss on this position is $762. I'm also selling 4 April put options at a 28 strike price for $25 each and selling 2 march call options at a strike price of 34 for $25 each. These options will turn into covered calls and covered puts if we get hit on our positions.
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