Subject: April 18, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

April 18, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio    

This will get us set up for next week, an earnings week.  The option prices for next week’s series are sky high, and will enable us to add many new spreads:

BTC 4 MSFT 18Apr19 121 puts (MSFT190418P121) for $.02 (no commission)

STO 4 MSFT 26Apr19 121 puts (MSFT190426P121) for $1.57

BTC 3 MSFT 18Apr19 121 calls (MSFT190418C121)
STO 3 MSFT 26Apr19 123 calls (MSFT190426C123) for a credit of $.49 (selling a diagonal)

BTC 1 MSFT 18Apr19 122 call (MSFT190418C122)
STO 1 MSFT 26Apr19 122 call (MSFT190426C122) for a credit of $1.96 (selling a calendar)

BTC 2 MSFT 18Apr19 122 calls (MSFT190418C122)
STO 2 MSFT 26Apr19 123 calls (MSFT190426C123) for a credit of $1.44 (selling a diagonal)

BTC 1 MSFT 18Apr19 122 call (MSFT190418C122)
STO 1 MSFT 26Apr19 124 call (MSFT190426C124) for a credit of $.98 (selling a diagonal)

Be prepared to change these prices by $.05 or more in order to get an execution

Happy trading.

Terry

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