9/22 Update on Morgan Stanley Trade

The current Morgan Stanley trade will continue. The expectation is still that the trade will end at $2.00.  A stop loss plan is still in play and will likely be be exercised if the stock cannot get back up over $50.00 in the next week.

The stock has made its move to the upside. The stock gained $1.30 for the week and at one point was as high as $50.37. Seeing that makes us believe that it will move closer to the next level of resistance at $51.50. It pulled back up after passing and coming back to the 50 day simple moving average. The put has now been dealt worthless and barring a crash in the stock price will expire next week.

The below chart shows the 20 and 50 day simple moving average.






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