May 29, 2020 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We can use our excess cash to buy more spreads:
 
BTO 1 MSFT 18Sep20 185 put (MSFT200918P185)
STO 1 MSFT 26Jun20 185 put (MSFT200626P185) for a debit of $7.00 (buying a calendar)

BTO 2 MSFT 18Sep20 190 calls (MSFT200918C190)
STO 2 MSFT 26Jun20 190 calls (MSFT200626C190) for a debit of $6.50 (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