April 24, 2020 Terry’s Tips Trade Alert #4 – Wiley Wolf Portfolio

We have excess cash to spend on new spreads:
 
BTO 1 MSFT 18Sep20 180 call (MSFT200918C180)
STO 1 MSFT 01May20 180 call (MSFT200501C180) for a debit of $11.10 (buying a calendar)

BTO 1 MSFT 18Sep20 165 put (MSFT200918P165)
STO 1 MSFT 01May20 165 put (MSFT200501P165) for a debit of $11.70 (buying a calendar)

BTO 1 MSFT 18Sep20 170 put (MSFT200918P170)
STO 1 MSFT 01May20 172.5 put (MSFT200501P172.5) for a debit of $11.00 (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