July 16, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

    

The stock has steadily traded lower, and we do not have any short options at strikes below the stock price.  That is too bullish to be going into Thursday’s earnings announcement.  These trades will fix that situation:

 

BTC 2 MSFT 19Jul19 142 calls (MSFT190719C142)
STC 2 MSFT 23Aug19 136 calls (MSFT190823C136) for a credit of $4.12 (selling a calendar)

 

BTC 1 MSFT 19Jul19 142 call (MSFT190719C142)

STC 1 MSFT 16Aug19 135 call (MSFT190816C135) for a credit of $4.49 (selling a diagonal)

 

BTC 2 MSFT 19Jul19 141 calls (MSFT190719C141)
STC 2 MSFT 20Sep19 145 calls (MSFT190920C145) for a credit of $1.00 (selling a diagonal)

 

BTO 4 MSFT 30Aug19 138 puts (MSFT190830P138)

STO 4 MSFT 19Jul19 138 puts (MSFT190719P138) for a debit of $1.92 (buying a calendar)

 

BTO 4 MSFT 30Aug19 137 puts (MSFT190830P137)

STO 4 MSFT 19Jul19 137 puts (MSFT190719P137) for a debit of $1.91 (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