April 30, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We’ll continue to roll out our lowest strikes:
 
BTC 2 MSFT 01May20 170 puts (MSFT200501P170)
STO 2 MSFT 29May20 175 puts (MSFT200529P175) for a credit of $4.55 (selling a diagonal)

BTO 2 MSFT 18Sep20 180 puts (MSFT200918P180)
STC 2 MSFT 18Sep20 170 puts (MSFT200918P170) for a debit of $4.55 (buying a vertical)

BTC 2 MSFT 01May20 172.5 puts (MSFT200501P172.5)
STO 2 MSFT 29May20 177.5 puts (MSFT200529P177.5) for a credit of $5.40 (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