February 28, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We will begin setting up for next week by rolling out our short in-the-money puts:

BTC 1 MSFT 28Feb20 170 put (MSFT200228P170)
STO 1 MSFT 06Mar20 150 put (MSFT200306P150) for a debit of $8.60 (selling a diagonal)

BTC 1 MSFT 28Feb20 170 put (MSFT200228P170)
STO 1 MSFT 06Mar20 152.5 put (MSFT200306P152.5) for a debit of $7.90 (selling a diagonal)

BTC 1 MSFT 28Feb20 172.5 put (MSFT200228P172.5)
STO 1 MSFT 06Mar20 155 put (MSFT200306P155) for a debit of $9.90 (selling a diagonal)

BTO 1 MSFT 18Sep20 150 put (MSFT200918P150)
STC 1 MSFT 18Sep20 180 put (MSFT200918P180) for a credit of $16.70 (selling a vertical)

BTO 1 MSFT 18Sep20 155 put (MSFT200918P155)
STC 1 MSFT 17Jul20 175 put (MSFT200717P175) for a credit of $9.40 (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