$MSFT Breakout and Retest - Target $138 - 15-20% upside

25 Mar 2019

MSFT Breakout and Retest - Target $138 - 15-20% upside medium term

Medium term target - $138.00 by early June
SL: $114.50


Two ways I'm looking at playing this with options:

Medium Risk Spread:
May 17 2019 expiration, buying $125 strike call / selling $130 strike call for total current cost of about $0.85 with max profit of $4.15 for a possible 5:1 return.


High Risk Spread:
June 21 2019 expiration, buying $130 strike call / selling $135 strike call for a total current cost of about $0.55 with max profit of $4.45 for a possible 8:1 return.


**Earnings late April - will be looking to limit risk exposure prior to release.**


Note: Informational, not investment advice.