January 3, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

There is essentially no premium remaining in the 105 short call, and we can collect quite a bit by rolling the spread down to a lower strike;

BTC 1 MSFT 04Jan19 105 put (MSFT190104P105)
STC 1 MSFT 18Apr19 105 put (MSFT190418P105) for a credit of $3.91 (selling a calendar)

BTO 1 MSFT 18Apr19 100 put (MSFT190418P100)
STO 1 MSFT 11Jan19 100 put (MSFT190111P100) for a debit of $4.55 (buying a calendar)

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

Happy trading.

Terry