May 1, 2020 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We can use our excess cash to buy more spreads:
 
BTO 2 MSFT 18Sep20 190 calls (MSFT200918C190)
STO 2 MSFT 29May20 187.5 calls (MSFT200529C187.5) for a debit of $7.10 (buying a diagonal)

BTO 2 MSFT 18Sep20 165 puts (MSFT200918P165)
STO 2 MSFT 29May20 165 puts (MSFT200529P165) for a debit of $8.00 (buying a calendar)

BTO 1 MSFT 18Sep20 175 call (MSFT200918C175)
STO 1 MSFT 29May20 175 call (MSFT200529C175) for a debit of $8.80 (buying a calendar)

BTO 2 MSFT 18Sep20 175 put (MSFT200918P175)
STO 2 MSFT 29May20 175 put (MSFT200529P175) for a debit of $8.90 (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