August 21, 2020 Terry’s Tips Trade Alert  #2- Wiley Wolf Portfolio

We are using our excess cash to roll out our longs to 18Dec, starting with calls:

BTO 1 MSFT 18Dec20 200 call (MSFT201218C200)
STC 1 MSFT 20Nov20 200 call (MSFT201120C200) for a debit of $1.75 (buying a calendar)

BTO 4 MSFT 18Dec20 210 calls (MSFT201218C210)
STC 4 MSFT 20Nov20 210 calls (MSFT201120C210) for a debit of $1.85 (buying a calendar)

BTO 4 MSFT 18Dec20 215 calls (MSFT201218C215)
STC 4 MSFT 20Nov20 215 calls (MSFT201120C215) for a debit of $1.85 (buying a calendar)

 

BTO 5 MSFT 18Dec20 220 calls (MSFT201218C220)
STC 5 MSFT 20Nov20 220 calls (MSFT201120C220) for a debit of $1.90 (buying a calendar)

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

Happy trading.

Terry