November 22, 2019 Terry’s Tips Trade Alert #4 – Wiley Wolf Portfolio

We can use some of our excess cash to roll out some long positions to January:
 
BTO 1 MSFT 17Jan20 150 call (MSFT200117C150)
STC 1 MSFT 20Dec19 148 call (MSFT191220C148) for a debit of $0.25 (buying a diagonal)

BTO 1 MSFT 17Jan20 145 put (MSFT200117P145)
STC 1 MSFT 20Dec19 145 put (MSFT191220P145) for a debit of $1.10 (buying a calendar)

BTO 6 MSFT 17Jan20 150 puts (MSFT200117P150)
STC 6 MSFT 20Dec19 150 puts (MSFT191220P150) for a debit of $1.25 (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