January 2, 2020  Terry’s Tips Trade Alert   – Wiley Wolf  Portfolio 

  

These trades will get us set up with July long options covering 24Jan20 which expire just before an announcement week when we can collect high-IV options by rolling over to the 31Jan20 series:

 

BTO 2 MSFT 17Jul20 155 puts (MSFT200717P155)

STO 2 MSFT 24Jan20 157.5 puts (MSFT200124P157.5) for a debit of $6.11  (buying a diagonal)

 

BTO 2 MSFT 17Jul20 160 puts (MSFT200717P160)

STO 2 MSFT 24Jan20 157.5 puts (MSFT200124P157.5) for a debit of $8.28  (buying a diagonal)

 

BTO 2 MSFT 17Jul20 160 puts (MSFT200717P160)

STO 2 MSFT 24Jan20 160 puts (MSFT200124P160) for a debit of $7.21  (buying a calendar)

 

BTO 2 MSFT 17Jul20 160 calls (MSFT200717C160)

STO 2 MSFT 24Jan20 160 calls (MSFT200124C160) for a debit of $7.55  (buying a calendar)

 

BTO 2 MSFT 17Jul20 165 calls (MSFT200717C165)

STO 2 MSFT 24Jan20 162.5 calls (MSFT200124C162.5) for a debit of $6.22  (buying a diagonal)

 

BTO 2 MSFT 17Jul20 160 calls (MSFT200717C160)

STO 2 MSFT 24Jan20 162.5 calls (MSFT200124C162.5) for a debit of $8.56  (buying a diagonal)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry