November 12, 2018 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

The stock is down about $3 and we need to roll to lower strikes:

BTC 1 MSFT 16Nov18 113 call (MSFT181116C113)
STC 1 MSFT 18Apr19 115 call (MSFT190418C115) for a credit of $3.92 (selling a diagonal)

BTO 1 MSFT 18Apr19 105 call (MSFT190418C105)
STC 1 MSFT 18Apr19 115 call (MSFT190418C115) for a debit of $4.68 (buying a vertical)

BTC 2 MSFT 16Nov18 112 calls (MSFT181116C112)
STO 2 MSFT 16Nov18 106 calls (MSFT181116C106) for a credit of $1.93 (selling a vertical)

BTC 2 MSFT 16Nov18 111 puts (MSFT181116P111)
STO 2 MSFT 16Nov18 106 puts (MSFT181116P106) for a debit of $3.28 (buying a vertical)

BTO 1 MSFT 18Apr19 105 put (MSFT190418P105)
STC 1 MSFT 18Apr19 115 put (MSFT190418P115) for a credit of $5.33 (selling a vertical)

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

Happy trading.

Terry