July 23, 2020 Terry’s Tips Trade Alert  #3 – Wiley Wolf Portfolio

We continue to roll strikes down and out:

BTC 5 MSFT 24Jul20 212.5 calls (MSFT200724C212.5)
STO 5 MSFT 21Aug20 202.5 calls (MSFT200821C202.5) for a credit of $7.50 (selling a diagonal)

BTO 3 MSFT 16Oct20 200 calls (MSFT201016C200)
STC 3 MSFT 16Oct20 215 calls (MSFT201016C215) for a debit of $6.70 (buying a vertical)

BTO 1 MSFT 16Oct20 205 call (MSFT201016C205)
STC 1 MSFT 16Oct20 210 call (MSFT201016C210) for a debit of $2.20 (buying a vertical)

BTC 4 MSFT 24Jul20 210 puts (MSFT200724P210)
STO 4 MSFT 21Aug20 202.5 puts (MSFT200821P202.5) for a credit of $0.01 (selling a diagonal)

 
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry