July 27, 2020 Terry’s Tips Trade Alert  #2 – Wiley Wolf Portfolio

We will complete the October-to-November rollout by moving the remaining puts:

BTO 4 MSFT 20Nov20 200 puts (MSFT201120P200)
STC 4 MSFT 16Oct20 200 puts (MSFT201016P200) for a debit of $3.70 (buying a calendar)

BTO 1 MSFT 20Nov20 210 put (MSFT201120P210)
STC 1 MSFT 16Oct20 210 put (MSFT201016P210) for a debit of $3.70 (buying a calendar)

BTO 4 MSFT 20Nov20 200 puts (MSFT201120P200)
STC 4 MSFT 16Oct20 205 puts (MSFT201016P205) for a debit of $1.15 (buying a diagonal)

BTO 3 MSFT 20Nov20 210 puts (MSFT201120P210)
STC 3 MSFT 16Oct20 205 puts (MSFT201016P205) for a debit of $6.60 (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