April 24, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We will continue rolling out to next week with short options that have little time value remaining:
 
BTC 2 MSFT 24Apr20 170 calls (MSFT200424C170)
STO 2 MSFT 01May20 170 calls (MSFT200501C170) for a credit of $3.25 (selling a calendar)

BTC 1 MSFT 24Apr20 170 put (MSFT200424P170)
STO 1 MSFT 01May20 165 put (MSFT200501P165) for a credit of $1.60 (selling a diagonal)


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

Happy trading.

Terry