November 21, 2018 Terry’s Tips Trade Alert Wiley Wolf Portfolio

If you were assigned stock, sell it at the market and sell the appropriate number of 18Apr19 puts. 

Otherwise, execute the following:

BTC 1 MSFT 23Nov18 110 put (MSFT181123P110)
STC 1 MSFT 18Apr19 110 put (MSFT190418P110) for a credit of $3.80 (selling a calendar)

BTC 1 MSFT 23Nov18 109 put (MSFT181123P109)
STC 1 MSFT 18Apr19 105 put (MSFT190418P105) for a credit of $2.12 (selling a diagonal)

BTC 2 MSFT 23Nov18 108 puts (MSFT181123P108)
STC 2 MSFT 18Apr19 110 puts (MSFT190418P110) for a credit of $5.88 (selling a diagonal)

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

Happy trading.

 

Terry