March 27, 2020 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We can use our excess cash to buy more calendars at wider strikes:

BTO 1 MSFT 18Sep20 140 put (MSFT200918P140)
STO 1 MSFT 17Apr20 140 put (MSFT200417P140) for a debit of $7.00 (buying a calendar)

BTO 1 MSFT 18Sep20 165 call (MSFT200918C165)
STO 1 MSFT 17Apr20 165 call (MSFT200417C165) for a debit of $7.20 (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