January 24, 2020 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We can use our excess cash to add on more spreads:


BTO 1 MSFT 17Jul20 170 call (MSFT200717C170)
STO 1 MSFT 31Jan20 170 call (MSFT200131C170) for a debit of $6.30 (buying a calendar)

BTO 1 MSFT 17Jul20 165 call (MSFT200717C165)
STO 1 MSFT 31Jan20 167.5 call (MSFT200131C167.5) for a debit of $7.90 (buying a diagonal)

BTO 1 MSFT 17Jul20 170 put (MSFT200717P170)
STO 1 MSFT 31Jan20 170 put (MSFT200131P170) for a debit of $5.90 (buying a calendar)


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

Happy trading.

Terry