June 25, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

The stock is down strongly due to a negative analyst article in Barron’s, so we must roll down to lower strikes:

BTC 2 MSFT 28Jun19 139 calls (MSFT190628C139)
STO 2 MSFT 28Jun19 135 calls (MSFT190628C135) for a credit of $1.04 (selling a vertical)

STO 1 MSFT 28Jun19 135 call (MSFT190628C135) for $1.16

BTO 1 MSFT 16Aug19 135 put (MSFT190816P135)
STO 1 MSFT 28Jun19 135 put (MSFT190628P135) for a debit of $3.42 (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