With today’s pullback Microchip (MCHP) is back around the $160 area. With the stock at $160 I just bought 5 contracts of the MCHP 1/21/22 $160 Calls for $11.50.
If the stock makes a quick move I might get out of this position within a week. If not, I’ll hold it through the split on Oct 12th.
Buy to Open 5 MCHP 1/21/22 $160.00 C @ $11.50
I’m well aware I didn’t write my week ending results yet. Right now I’m trading but I’ll get to it a little later.
Successful trading,
Steve
The Options Coach