May 20, 2019 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio  

We need to roll short options to lower strike prices to contend with the lower stock price:

STO 2 MSFT 24May19 127 calls (MSFT190524C127) for $1.31

BTC 1 MSFT 24May19 131 call (MSFT190524C131)
STO 1 MSFT 24May19 127 call (MSFT190524C127) for a credit of $1.13 (selling a vertical)

BTO 2 MSFT 19Jul19 125 calls (MSFT190719C125)
STC 2 MSFT 21Jun19 130 calls (MSFT190621C130) for a debit of $4.08 (buying a diagonal)

BTC 3 MSFT 24May19 131 calls (MSFT190524C131)
STC 3 MSFT 19Jul19 130 calls (MSFT190719C130) for a credit of $3.14 (selling a diagonal)

BTO 2 MSFT 19Jul19 125 calls (MSFT190719C125)
STO 2 MSFT 24May19 127 calls (MSFT190524C127) for a debit of $4.66 (buying a diagonal)

Be prepared to change these prices by $.05 or more in order to get an execution

Happy trading.

Terry