August 24, 2020 Terry’s Tips Trade Alert  - Wiley Wolf Portfolio

We can use our excess cash to buy more spreads:

BTO 4 MSFT 18Dec20 230 calls (MSFT201218C230)
STO 4 MSFT 18Sep20 212.5 calls (MSFT200918C212.5) for a debit of $3.10 (buying a diagonal)

BTO 2 MSFT 18Dec20 190 puts (MSFT201218P190)
STO 2 MSFT 18Sep20 207.5 puts (MSFT200918P207.5) for a debit of $4.10 (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