AdairHoratio
04-12

MS $Morgan Stanley(MS)$ investigation around whether they’re doing enough around client money laundering risk, and the subsequent drop. Sold off my SOFI $SoFi Technologies Inc.(SOFI)$ position (about 10% gain over the past month) and some VOO, bought back into MS at $86.48. Sold 4/26 90 strike calls for .95/contract, just over 1% vs underlying basis. Not bad for a 2 week contract. Earnings are 4/18.

This is my third swing trade entry into this stock over the past year. I’m $0.03 over my last basis per share. I’m very familiar with the company, and perfectly happy to hold at this basis if it moves against me. The Div yield is 3.9% at my basis, and options activity on the stock are decent.

As I type this, I’m +.63% on price, 1% on premium, after about an hour.

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