November 23, 2018 Terry’s Tips Trade Alert Wiley Wolf  Portfolio

If you were assigned stock, sell it at the market and also sell one MSFT 18Apr19 105 put (MSFT190418P105). 

Otherwise, do the following:

BTC 1 MSFT 23Nov18 105 put (MSFT181123P105)
STC 1 MSFT 18Apr19 105 put (MSFT190418P105) for a credit of $6.04 (selling a calendar)

BTO 1 MSFT 18Apr19 100 put (MSFT190418P100)
STO 1 MSFT 30Nov18 103 put (MSFT181130P103) for a debit of $4.07 (buying a diagonal)

BTC 1 MSFT 30Nov18 105 put (MSFT181130P105)
STO 1 MSFT 30Nov18 102 put (MSFT181130P102) for a debit of $1.52  (buying a vertical)

BTC 2 MSFT 23Nov18 107 calls (MSFT181123C107) for $.01 (no commission)

STO 2 MSFT 30Nov18 104 calls (MSFT181130C104) for $1.25

BTO 1 MSFT 18Apr19 100 call (MSFT190418C100)
STC 1 MSFT 18Apr19 105 call (MSFT190418C105) for a debit of $2.76  (buying a vertical)

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

Happy trading.

Terry