November 1, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We can use some of our cash to roll out some long positions and open new spreads:

BTO 2 MSFT 13Dec19 144 puts (MSFT191213P144)
STO 2 MSFT 08Nov19 144 puts (MSFT191108P144) for a debit of $2.35 (buying a calendar)

BTO 2 MSFT 13Dec19 141 puts (MSFT191213P141)
STC 2 MSFT 22Nov19 144 puts (MSFT191122P144) for a credit of $0.30 (buying a diagonal)

BTO 1 MSFT 20Dec19 145 call (MSFT191220C145)
STC 1 MSFT 29Nov19 145 call (MSFT191129C145) for a debit of $1.15 (buying a calendar)

BTO 1 MSFT 20Dec19 145 call (MSFT191220C145)
STC 1 MSFT 29Nov19 146 call (MSFT191129C146) for a debit of $1.55 (buying a diagonal)

BTO 1 MSFT 20Dec19 145 call (MSFT191220C145)
STC 1 MSFT 29Nov19 147 call (MSFT191129C147) for a debit of $1.85 (buying a diagonal)

BTO 2 MSFT 20Dec19 145 puts (MSFT191220C145)
STC 2 MSFT 29Nov19 145 puts (MSFT191129C145) for a debit of $1.05 (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