May 1, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

This completes rolling out to the May 29 expiration:
 
BTC 1 MSFT 01May20 175 put (MSFT200501P175)
STO 1 MSFT 29May20 170 put (MSFT200529P170) for a credit of $4.25 (selling a diagonal)

BTC 2 MSFT 01May20 175 puts (MSFT200501P175)
STO 2 MSFT 29May20 180 puts (MSFT200529P180) for a credit of $8.80 (selling a diagonal)

BTC 2 MSFT 01May20 175 calls (MSFT200501C175)
STO 2 MSFT 29May20 175 calls (MSFT200529C175) for a credit of $5.90 (selling a calendar)

BTC 1 MSFT 01May20 175 call (MSFT200501C175)
STO 1 MSFT 29May20 182.5 call (MSFT200529C182.5) for a credit of $2.40 (selling a calendar)

BTO 1 MSFT 18Sep20 180 put (MSFT200918P180)
STC 1 MSFT 17Jul20 175 put (MSFT200717P175) for a debit of $7.00 (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