Liquidated 26 OCT MSFT 111/109 Bull Put Spread at $.88 for Net Credit of $.22 AND Filled on MSFT 9 NOV 112/110 Bull Put Spread at $1.00 while underlying was $109.81

On Microsoft Corp (MSFT), I want to buy some more time. I don’t want to roll AAPL yet since it’s outperforming the market and we may get more upside. But, MSFT appears to be in a trading range – and that tells me we may see a pause in momentum – something we don’t need with two sided market – not without having a bit more time on our side. Let’s roll our Bull Put Spread on Microsoft Corp (MSFT) and buy some more time.

Ticker Symbol: MSFT

Expiration: October 26, 2018
Liquidate Bull Put Spread
Buy to Close the 111 Put
Sell to Close the 109 Put

Current midprice is $.93 – look for a DEBIT of between $.90 and $.95.

Expiration: November 9, 2018
Initiate Bull Put Spread
Sell to Open the 112 Put
Buy to Open the 110 Put

The midprice is currently showing $1.07 – let’s look for a CREDIT of between $1.00 and $1.10 TODAY ONLY.