November 19, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

MSFT goes ex-dividend tomorrow. Therefore, we are rolling our short in-the-money calls out now to avoid being responsible for the dividend. Note that we are rolling out two weeks to the 6Dec series rather than the post-Thanksgiving (29Nov) series, as discussed in the Saturday report:

BTC 2 MSFT 22Nov19 149 calls (MSFT191122C149)
STO 2 MSFT 6Dec19 152.5 calls (MSFT191206C152.5) for a debit of $.61 (selling a diagonal)

BTC 6 MSFT 22Nov19 150 calls (MSFT191122C150)
STO 6 MSFT 6Dec19 150 calls (MSFT191206C150) for a credit of $1.07 (selling a calendar)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry