July 17, 2020 Terry’s Tips Trade Alert  #2 – Wiley Wolf Portfolio

We have a boatload of cash to buy new spreads:

BTO 3 MSFT 16Oct20 215 calls (MSFT201016C215)
STO 3 MSFT 24Jul20 215 calls (MSFT200724C215) for a debit of $6.40 (buying a calendar)

BTO 2 MSFT 16Oct20 200 puts (MSFT201016P200)
STO 2 MSFT 24Jul20 207.5 puts (MSFT200724P207.5) for a debit of $4.00 (buying a diagonal)

BTO 4 MSFT 16Oct20 195 puts (MSFT201016P195)
STO 4 MSFT 24Jul20 202.5 puts (MSFT200724P202.5) for a debit of $4.80 (buying a diagonal)

BTO 1 MSFT 16Oct20 200 call (MSFT201016C200)
STO 1 MSFT 24Jul20 202.5 call (MSFT200724C202.5) for a debit of $9.10 (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