April 23, 2020  Terry’s Tips Trade Alert  – Honey Badger    Portfolio

 

We can add a little premium to collect tomorrow:

 

BTC 3 MSFT 24Apr20 165 puts (MSFT200424P165)
STC 3 MSFT 1May20 165 puts (MSFT200501P165) for a credit of $1.95 (selling a calendar)

 

BTO 2 MSFT 8May20 172.5 puts (MSFT200508P172.5)

STO 2 MSFT 24Apr20 172.5 puts (MSFT200424P172.5) for a debit of $4.70  (buying a calendar)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry