Time to take action on Microsoft

Over the next couple of weeks I will be tracking to find the right entry point in Microsoft. I would enter through an in the money Jan call option (today's price 3.30). Hoping to cash out in Oct -Dec time frame at about $5-6. for a 50+% pop.

Added May 3rd 2006:

After the stock dip with bad projections from MSFT, I will hold off time the selling pressure is released and volume returns to normal 80-100 million shares per day. In fact, this has give us a great opportunity to play MSFT options. I am also worried about by overheated stock market so I am going to play call on MSFT and puts on general market. I will keep you updated with my strategy as I sense an opportunity.