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

We’ll continue rolling out four weeks to the May 29 expiration:
 
BTC 2 MSFT 01May20 180 calls (MSFT200501C180) for $0.04 (no commissions)

STO 2 MSFT 29May20 185 calls (MSFT200529C185) for $2.45

BTC 2 MSFT 01May20 177.5 calls (MSFT200501C177.5)
STO 2 MSFT 29May20 177.5 calls (MSFT200529C177.5) for a credit of $5.30 (selling a calendar)

BTC 1 MSFT 01May20 177.5 call (MSFT200501C177.5)
STO 1 MSFT 29May20 182.5 call (MSFT200529C182.5) for a credit of $3.20 (selling a diagonal)

BTC 1 MSFT 01May20 172.5 put (MSFT200501P172.5)
STO 1 MSFT 29May20 170 put (MSFT200529P170) for a credit of $4.80 (selling a diagonal)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry