December 14, 2018 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We need to roll some short options to lower strikes:

BTC 1 MSFT 21Dec18 112 call (MSFT181221C112)
STO 1 MSFT 21Dec18 107 call (MSFT181221C107) for a credit of $1.46 (selling a vertical) 

BTO 1 MSFT 18Apr19 105 put (MSFT190418P105)
STC 1 MSFT 18Apr19 110 put (MSFT190418P110) for a credit of $2.44 (selling a vertical)

BTC 1 MSFT 21Dec18 110 put (MSFT181221P110)
STO 1 MSFT 21Dec18 107 put (MSFT181221P107) for a debit of $1.91 (buying a vertical)

BTC 1 MSFT 21Dec18 110 put (MSFT181221P110)
 STO 1 MSFT 21Dec18 108 put (MSFT181221P108) for a debit of $1.37 (buying a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry