Microsoft Earnings Chart and Breakdown
On Friday the stock market traded nearly its entire August range. The $SPY moved almost $3 from top to bottom, and recovered much of the downside into the close.
Here is how I am trading Microsoft for its earnings tonight
Earnings Breakdowns: $NFLX $INTC $MSFT $CMG and more
$MSFT buyout of $LNKD created some massive gains for CALL options.
One particular strike surged over 200,000% yesterday. From $.02 to over $43 each. There was a late trade of these options on Friday for roughly $300. The same trade yesterday morning was worth almost $700,000. Yes $300 to $700,000 in less than a full trading session.