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

MSFT reports earnings next week, so we will be rolling out to the May 1 expiration to take advantage of higher premiums. We will continue the rollout process that we started yesterday:
 
BTC 1 MSFT 24Apr20 177.5 call (MSFT200424C177.5) for $.03 (no commissions)

STO  MSFT 01May20 177.5 call (MSFT200501C177.5) for $2.30

BTC 1 MSFT 24Apr20 175 call (MSFT200424C175)
STO 1 MSFT 01May20 180 call (MSFT200501C180) for a credit of $1.60 (selling a diagonal)

BTC 1 MSFT 24Apr20 175 call (MSFT200424C175)
STO 1 MSFT 01May20 175 call (MSFT200501C175) for a credit of $3.25 (selling a calendar)


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

Happy trading.

Terry