March 27, 2020 Terry’s Tips Trade Alert #5 – Wiley Wolf Portfolio

We can use our excess cash to buy more calendars:

BTO 1 MSFT 18Sep20 160 put (MSFT200918P160)
STO 1 MSFT 17Apr20 160 put (MSFT200417P160) for a debit of $8.20 (buying a calendar)

BTO 1 MSFT 18Sep20 160 call (MSFT200918C160)
STO 1 MSFT 17Apr20 160 call (MSFT200417C160) for a debit of $7.80 (buying a calendar)

BTO 1 MSFT 18Sep20 155 put (MSFT200918P155)
STO 1 MSFT 17Apr20 155 put (MSFT200417P155) for a debit of $8.20 (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