December 21, 2018 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

With the stock down so much, we will only sell some of the calls for next week, hoping for better prices then:

BTC 1 MSFT 21Dec18 108 put (MSFT181221P108)
STC 1 MSFT 18Apr19 110 put (MSFT190418P110) for a credit of $4.90 (selling a diagonal)

BTC 1 MSFT 21Dec18 107 put (MSFT181221P107)
STO 1 MSFT 28Dec18 105 put (MSFT181228P105) for a debit of $1.78 (selling a diagonal)

BTC 2 MSFT 21Dec18 105 puts (MSFT181221P105)
STO 2 MSFT 28Dec18 105 puts (MSFT181228P105) for a credit of $.22 (selling a calendar)

BTC 2 MSFT 21Dec18 105 calls (MSFT181221C105) for $.01 (no commission)

BTO 2 MSFT 18Apr19 100 calls (MSFT190418C100)
STC 2 MSFT 18Apr19 105 calls (MSFT190418C105) for a debit of $2.24 (buying a vertical)

STO 2 MSFT 28Dec18 100 calls (MSFT181228C100) for $1.66

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

Happy trading.

Terry