July 24, 2020 Terry’s Tips Trade Alert  #2 – Wiley Wolf Portfolio

This completes rolling out our short options:


BTC 4 MSFT 24Jul20 205 puts (MSFT200724P205)
STO 4 MSFT 21Aug20 200 puts (MSFT200821P200) for a credit of $3.00 (selling a diagonal)

BTC 3 MSFT 24Jul20 202.5 puts (MSFT200724P202.5)
STO 3 MSFT 21Aug20 192.5 puts (MSFT200821P192.5) for a credit of $2.50 (selling a diagonal)

BTO 9 MSFT 20Nov20 200 puts (MSFT201120P200)
STC 9 MSFT 16Oct20 210 puts (MSFT201016P210) for a credit of $1.85 (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