Trade Review: Managing a Butterfly & Taking 85% Profits

Hey traders,

We’ve discussed this bullish buy setup in Microsoft for several weeks! Well, it still hasn’t hit my $420 price target, but my options were going to expire this week. That meant we were getting far too close to expiration for me, and I decided to manage my trade as it was stuck at resistance. In this instance, I took about 85% profit at the $415 target instead of waiting to see if it would make $420 by this week.

I think there is still a decent shot of it happening, but here is why I made my decisions the way I did. Check out the video with the full analysis.

PLUS: New levels on Nvidia! Everyone wants to know how high it will go, but I’m continuing to trade the momentum. That momentum isn’t dead, yet. So, check out my next trade idea in this name.

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