February 8, 2019 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

With the stock down again, we need to get some short options at lower strikes:

BTC 2 MSFT 08Feb19 107 calls (MSFT190208C107) for $.01

STO 2 MSFT 15Feb19 105 calls (MSFT190215C105) for $1.17

BTC 1 MSFT 08Feb19 107 put (MSFT190208P107)
STO 1 MSFT 15Feb19 107 put (MSFT190215P107) for a credit of $.35 (selling a calendar)

BTO 1 MSFT 18Apr19 105 call (MSFT190418C105)
STC 1 MSFT 18Apr19 110 call (MSFT190418C110) for a debit of $2.14 (buying a vertical)

BTC 1 MSFT 08Feb19 105 put (MSFT190208P105)
STO 1 MSFT 15Feb19 105 put (MSFT190215P105) for a credit of $.96 (selling a calendar)

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

Happy trading.

Terry