November 27, 2020 Terry’s Tips Trade Alert #3 - Wiley Wolf Portfolio

We can buy more spreads with our excess cash:

BTO 2 MSFT 19Mar21 205 puts (MSFT210319P205)
STO 2 MSFT 18Dec20 210 puts (MSFT201218P210) for a debit of $6.20 (buying a diagonal)

BTO 1 MSFT 19Mar21 205 put (MSFT210319P205)
STO 1 MSFT 18Dec20 207.5 put (MSFT201218P207.5) for a debit of $6.95 (buying a diagonal)

BTO 4 MSFT 19Mar21 220 calls (MSFT210319C220)
STO 4 MSFT 18Dec20 210 calls (MSFT201218C210) for a debit of $3.15 (buying a diagonal)

BTO 3 MSFT 19Mar21 225 calls (MSFT210319C225)
STO 3 MSFT 18Dec20 215 calls (MSFT201218C215) for a debit of $4.05 (buying a diagonal)


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

Happy trading.

Terry