May 23, 2019 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio  

We might get assigned on the 130 puts and we can roll down to get a little less long and collect some significant premium:

BTC 2 MSFT 24May19 130 puts (MSFT190524P130)
STO 2 MSFT 31May19 128 puts (MSFT190531P128) for a debit of 1.26$ (selling a diagonal)

BTC 2 MSFT 24May19 130 calls (MSFT190524C130) for $.02 (no commission)

BTC 1 MSFT 24May19 129 call (MSFT190524C129) for $.07

STO 3 MSFT 31May19 126 calls (MSFT190531C126) for $1.67

BTO 1 MSFT 19Jul19 125 call (MSFT190719C125)
STC 1 MSFT 19Jul19 130 call (MSFT190719C130) for a debit of $2.50  (buying a vertical)

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

Happy trading.

Terry