July 21, 2020 Terry’s Tips Trade Alert  – Wiley Wolf Portfolio

We will buy more spreads with our excess cash:

BTO 1 MSFT 16Oct20 220 call (MSFT201016C220)
STO 1 MSFT 24Jul20 217.5 call (MSFT200724C217.5) for a debit of $6.40 (buying a diagonal)

BTO 1 MSFT 16Oct20 215 put (MSFT201016P215)
STO 1 MSFT 24Jul20 215 put (MSFT200724P215) for a debit of $8.00 (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