MSFT - Grade A (Sold for 15% profit)
This is an A setup on MSFT with the wedge break.
Closed the position as MSFT was getting oversold and SPY was looking for a move back up. Take the money when you’ve got it.
MSFT broke below the wedge on Monday and confirmed the break by closing extremely red.
Expiration - Feb 8, 2019
Strike - 102 strike puts
Jan 23 2019 - Currently in a wedge and is on watch for a breakout below support.