May 4, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We can buy more spreads with our excess cash:
 
BTO 1 MSFT 18Sep20 185 call (MSFT200918C185)
STO 1 MSFT 29May20 177.5 call (MSFT200529C177.5) for a debit of $5.30 (buying a diagonal)

BTO 1 MSFT 18Sep20 165 put (MSFT200918P165)
STO 1 MSFT 29May20 167.5 put (MSFT200529P167.5) for a debit of $7.20 (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