November 14, 2018 Terry’s Tips Trade Alert  – Wiley Wolf Portfolio

We need to get some short options to lower strikes:

BTC 2 MSFT 16Nov18 109 calls (MSFT181116C109)
STO 2 MSFT 16Nov18 105 calls (MSFT181116C105) for a credit of $1.52 (selling a vertical)

BTO 2 MSFT 18Apr19 105 calls (MSFT190418C105)
STC 2 MSFT 18Apr19 110 calls (MSFT190418C110) for a debit of $2.52 (buying a vertical)

BTC 1 MSFT 16Nov18 109 put (MSFT181116P109)
STO 1 MSFT 23Nov18 105 put (MSFT181123P105) for a debit of $1.81 (selling a diagonal)

BTO 1 MSFT 18Apr19 105 put (MSFT190418P105)
STC 1 MSFT 18Apr19 110 put (MSFT190418P110) for a credit of $2.48 (selling a vertical)

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

Happy trading.

Terry