July 10, 2020 Terry’s Tips Trade Alert #4 – Wiley Wolf Portfolio

We can use our excess cash to buy more spreads:

BTO 1 MSFT 16Oct20 210 call (MSFT201016C210)
STO 1 MSFT 17Jul20 212.5 call (MSFT200717C212.5) for a debit of $12.25 (buying a diagonal)

BTO 2 MSFT 16Oct20 210 puts (MSFT201016P210)
STO 2 MSFT 17Jul20 217.5 puts (MSFT200717P217.5) for a debit of $7.10 (buying a diagonal)

BTO 1 MSFT 16Oct20 210 put (MSFT201016P210)
STO 1 MSFT 17Jul20 212.5 put (MSFT200717P212.5) for a debit of $10.00 (buying a diagonal)

BTO 1 MSFT 16Oct20 215 put (MSFT201016P215)
STO 1 MSFT 17Jul20 212.5 put (MSFT200717P212.5) for a debit of $12.50 (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