April 24, 2019 Terry’s Tips Trade Alert  – Wiley Wolf Portfolio  

Earnings come out after the close today and we have far more downside protection than upside.  These trades will balance things out a bit:

 

BTC 3 MSFT 26Apr19 121 puts (MSFT190426P121)

STO 3 MSFT 26Apr19 125 puts (MSFT190426P125) for a credit of $1.40 (selling a vertical) 

 

BTC 1 MSFT 26Apr19 121 put (MSFT190426P121)

STC 1 MSFT 21Jun19 120 put (MSFT190621P120) for a credit of $1.43 (selling a diagonal) 

 

BTO 2 MSFT 21Jun19 125 puts (MSFT190621P125)

STC 2 MSFT 21Jun19 120 puts (MSFT190621P120) for a debit of $1.93  (buying a vertical) 

 

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

 

Happy trading.

Terry