For tech lovers, this is the earnings week to watch: Apple, Yahoo, Amazon all report.
But the big daddy of them all, Microsoft comes out after the bell Thursday.
How should you play it? Mike Khouw of Cantor Fitzgerald suggests an options trade. It follows:
Microsoft - Stock at $31
Buy June 32 calls for $0.70
Sell June 34 calls for $0.20
How Mike's MSFT Trade Makes Money
Losses below $32.50
Profits above $32.50
Profits capped at $34
Learn more about this trade. Watch the video above.
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Trader disclosure: On Apr 21, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Is Short June 2010 Crude Oil; Terranova Is Long December 2011 Crude Oil; Terranova Is Short Australian Dollar; Terranova Is Short Japanese Yen; Terranova Is Short Gold; Terranova Is Short (PCLN); Terranova Is Short (BRE); Terranova Is Long Japanese Yen; Terranova Owns (C), (XCO), (SWN), (TER), (HES), (AXP), (XCL); Terranova Owns (C) May Calls; Scaramucci Owns (GS), Skybridge Owns (GS); Najarian Owns (C) Calls;Najarian Owns (CLF) Call Spread; Najarian Owns (GLW) Call Spread; Najarian Owns (MRVL); Najarian Owns (UNP); Najarian Owns (YHOO) Call Spread; Kelly Owns (CXW) Calls; Kelly Owns (FXE) Puts; Scaramucci Owns (CIT), Skybridge Owns (CIT)
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