May 2, 2019 Terry’s Tips Trade Alert   – Wiley Wolf   Portfolio  

We need to establish some lower-strike positions:

 

BTC 2 MSFT 03May19 130 puts (MSFT190503P130)

STC 2 MSFT 21Jun19 130 puts (MSFT190621P130) for a credit of $1.88 (selling a calendar) 

 

BTO 2 MSFT 21Jun19 125 calls (MSFT190621C125)

STC 2 MSFT 21Jun19 135 calls (MSFT190621C135) for a debit of $3.55  (buying a vertical) 

 

BTC 2 MSFT 03May19 130 calls (MSFT190503C130) for $.02 (no commission) 

 

BTC 2 MSFT 03May19 131 calls (MSFT190503C131) for $.01 (no commission) 

 

STO 4 MSFT 10May19 127 calls (MSFT190510C127) for $1.15

 

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

 

Happy trading.

Terry