April 17, 2020 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We will use our excess cash to buy more spreads:
 
BTO 1 MSFT 18Sep20 190 call (MSFT200918C190)
STO 1 MSFT 24Apr20 185 call (MSFT200424C185) for a debit of $8.70 (buying a diagonal)

BTO 2 MSFT 18Sep20 180 calls (MSFT200918C180)
STO 2 MSFT 24Apr20 172.5 calls (MSFT200424C172.5) for a debit of $7.90 (buying a diagonal)


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

Happy trading.

Terry