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

We are using our cash to roll our October longs out to November. We’ll start on the call side:

BTO 3 MSFT 20Nov20 200 calls (MSFT201120C200)
STC 3 MSFT 16Oct20 200 calls (MSFT201016C200) for a debit of $3.40 (buying a calendar)

BTO 3 MSFT 20Nov20 210 calls (MSFT201120C210)
STC 3 MSFT 16Oct20 205 calls (MSFT201016C205) for a debit of $1.20 (buying a diagonal)

BTO 4 MSFT 20Nov20 200 calls (MSFT201120C200)
STC 4 MSFT 16Oct20 205 calls (MSFT201016C205) for a debit of $5.90 (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