Back on March 29, I told Money Morning readers about a “backdoor marijuana investment” strategy in the $10 billion marijuana industry through Microsoft Corp. (Nasdaq: MSFT).
The potential profit opportunity was from the May 4 MSFT option call.
And if you followed along, congratulations.
You’ve made a 107% profit in less than a month, with our $0.96 option call now trading at $1.99.
Microsoft isn’t a typical pot stock, but it’s becoming a major player in the industry. It formed a partnership with cannabis compliance firm KIND Financial in 2016, where KIND would use Microsoft’s cloud to run its software.
On top of its partnerships in the $10 billion legal cannabis industry, Microsoft is just one of the best tech stocks to own right now.
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The tech giant expects to generate $20 billion this year just in commercial cloud revenue.
You can find all the details here about how I uncovered this Microsoft call as a profit opportunity, but I wanted to give a quick recap in case you missed it.
Here’s how I uncovered this profit play on MSFT stock – and how you can find even more ways to turn options into profits…
How We Uncovered This 100% Winner in the Cannabis Industry
Previous performance is never indicative of future gains, but I found a pattern heading into Microsoft’s Q3 2018 earnings on April 26.
Microsoft reported Q1 2018 earnings on Oct. 26, 2017. From Oct. 2, 2017, to Oct. 26, 2017, we saw a run-up of the stock price. The exact same thing also happened before Q2 2018 earnings were reported on Jan. 31.
|Beginning of the Month Price||Opening Price on Earnings Date||Profit|
|$74.71 (Oct. 2, 2017)||$79.20 (Oct. 26, 2017)||6%|
|$86.13 (Jan. 2, 2018)||$93.75 (Jan. 31, 2018)||8.84%|
And we struck lightning a third time…
On April 2, the MSFT stock price opened at $90.47 per share.
With today’s opening price of $95, that’s a 5% gain.
Now, there’s always the chance the stock price could fall before earnings and your options profit starts shrinking.
Microsoft is a great stock, but it’s not immune to a market selloff caused by potential trade tariffs and wars.
That’s why the best strategy is to take your 100% profits right now if you’re a risk-averse investor.
If you can stand the idea of potentially watching that 100% profit fall, you could risk it for even bigger gains after earnings.
But if you missed out on this trade, don’t worry.
Trading options is a way to bank 100% gains like these – or even better – in just a matter of days.
And you can gain access to even more opportunities like this one…
A Famous Wall Street Firm Paid This Guy $20 Million to Share His Secrets (but He Kept THIS ONE Under Wraps)
He never worked at a fancy investment bank. And he never graduated from college. In fact, he spent much of his career as a customer service rep at an Atlanta Home Depot.
But he became so good at beating the stock market’s top traders, he was paid $20 million to divulge almost all of his secrets.
However, he kept his most powerful secret quiet. And today, live on camera, he’s agreed to share it.
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Click here to get the details…
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