May 31, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We will take care of the puts first, rolling to lower strikes with the stock down so much:

BTC 2 MSFT 31May19 128 puts (MSFT190531P128)
STO 2 MSFT 7Jun19 123 puts (MSFT190607P123) for a debit of $2.91 (selling a diagonal)

BTO 2 MSFT 19Jul19 125 puts (MSFT190719P125)
STC 2 MSFT 19Jul19 130 puts (MSFT190719P130) for a credit of $2.91 (selling a vertical)

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

Happy trading.

Terry