Wednesday, January 10, 2007

MSFT Update

Alright fellow "junglers" (please help me on a name I can call all readers). I entered my first scaling in position in MSFT.

I bought the JUL 07 30 Calls at $1.96/contract. I'll continue to scale in more as we go here. I'd still prefer a pullback in the overall markets which have been resilient at key support levels.

I liked the little pullback in MSFT today as it trades sideways here at the $29.50 level.

I'll keep all posted. I intend on posting a portfolio link soon as more positions start coming in for all to view at your leisure.

Feel free to grab a vine.

3 comments:

Phil said...

I'd go for swingers...

perhaps cats but that makes you sound very beatnik.

Terence said...

Now why didn't I think of that? That's perfect. From here on out, let it be known that all OJ readers will be called "Swingers". Thanks Phil.

Terence said...

Phil,

I'm sorry that I did not recognize your blogger profile. I'm relatively new to the option blogosphere and read your posts regularly. I have now linked you on my site. Thanks again for the comment and I welcome more of your insight to the "Jungle".