Shorting $MA via July Bear Call Spreads

7/19/12
Closing both sides of this trade down for a total profit of $475.  This represents a return of 19% on $2500 margin.

Trade:
BTC MA July 12 395/390 bull put spreads for ($0.20-$0.10) x 100 x 5 lots = $50 paid vs. $300 received = $250 profit
BTC MA July 12 455/460 bear call spreads for ($0.10-$0.00) x 100 x 5 lots = $50 paid vs. $275 received = $225 profit

6/22/12
After yesterday's big market pullback, in which MA failed to put in a new low, the stock is now back above the 50-day sma.  Going to initiate the credit put spreads now, but still keep them below the daily support at 400, and the weekly trendline.  Also under the daily Bollinger band and more than 3 ATRs away.

Trade:
Sold MA July 12 395/390 bull put spreads for ($2.72-$2.12) x 100 x 5 lots = $300 premium received

6/14/12
Mastercard (MA) up a little today but still bumping up against the descending trendline from the May high.  Have been watching this one for an entry for a while.  Finally took it today.  Not getting too aggressive, staying up above resistance at ~445.  Well above the upper Bollinger band and more than 4 ATRs away.  Currently an 85% probability of max profit.

Going to look for an entry into bull put spreads with a retest of the support at 390-400.

Trade:
Sold MA July 12 455/460 bear call spreads for ($2.06-$1.51) x 100 x 5 lots = $275 premium received