August 21, 2020 Terry’s Tips Trade Alert  #3- Wiley Wolf Portfolio

We are using our excess cash to roll out our longs to 18Dec:

BTO 1 MSFT 18Dec20 205 put (MSFT201218P205)
STC 1 MSFT 20Nov20 205 put (MSFT201120P205) for a debit of $1.85 (buying a calendar)

BTO 8 MSFT 18Dec20 210 put (MSFT201218P210)
STC 8 MSFT 20Nov20 210 put (MSFT201120P210) for a debit of $1.95 (buying a calendar)

BTO 4 MSFT 18Dec20 215 put (MSFT201218P215)
STC 4 MSFT 20Nov20 215 put (MSFT201120P215) for a debit of $1.95 (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