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

We can use our excess catch to buy more calendars:

BTO 1 MSFT 18Sep20 165 put (MSFT200918P165)
STO 1 MSFT 27Mar20 165 put (MSFT200327P165) for a debit of $8.30 (buying a calendar)

BTO 1 MSFT 18Sep20 170 put (MSFT200918P170)
STO 1 MSFT 27Mar20 170 put (MSFT200327P170) for a debit of $8.70 (buying a calendar)

BTO 1 MSFT 18Sep20 165 put (MSFT200918P165)
STO 1 MSFT 27Mar20 167.5 put (MSFT200327P167.5) for a debit of $7.30 (buying a diagonal)

BTO 1 MSFT 18Sep20 170 call (MSFT200918C170)
STO 1 MSFT 27Mar20 172.5 call (MSFT200327C172.5) for a debit of $9.80 (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