$MSFT Earnings Idea

$MSFT reports earnings tonight after the bell.

$MSFT - $GOOGL - $AMZN earnings breakdown can be found here

Microsoft is trading 3% higher this morning.  It has made quite a move from the August crash lows.  Will the earnings report send it through resistance?  Or will it head back to test support first?

Here is a trade I made a little while ago in anticipation of a pull back.

$MSFT $47 weekly puts at $.54

The chart shows a stock running up against resistance.  Will tonight's report be enough to launch the stock over that resistance?

You can see it clearer here:


There is the chance $MSFT blasts higher post earnings.  From a chart  vantage point, I like how its running up against resistance.  And I like the risk reward set  - up for a move under $47 tomorrow.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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