$MSFT VERTICAL 261030 CALL 565.0/CALL 570.0$ 1️⃣ Why am I making this trade now?
Setting up this bear call spread at short call at $565 and long call at $570.
Earning estimated on 4th Nov so this trade will be closed before that.
I'm still bullish on MSFT long term but also recognising a potential short team consolidation ahead of earning as MSFT hitting its double top all time high at around $550 made in Late July and Oct 2025.
The strikes were set above the all time high, so that should provide strong resistance To the up side since it's before earnings.
2️⃣ What’s my plan from here?
Take profit at about 70-90% of premium collection.
Or take profit/cut loss when less than 7 days of till expiry
Or cut loss if price hit short strike. Trade Feed: Who is your favorite trader?
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