August 30, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We have excess cash to roll out some puts and add new positions:

BTO 4 MSFT 18Oct19 140 puts (MSFT191018P140)
STC 4 MSFT  27Sep19 140 puts (MSFT190927P140) for a debit of $1.10 (buying a calendar)

BTO 2 MSFT 18Oct19 135 puts (MSFT191018P135)
STC 2 MSFT 27Sep19 139 puts (MSFT190927P139) for a credit of $0.60 (buying a diagonal)

BTO 3 MSFT 18Oct19 140 puts (MSFT191018P140)
STO 3 MSFT 06Sep19 140 puts (MSFT190906P140) for a debit of $2.60 (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