November 9, 2018 Terry’s Tips Trade Alert – Wiley Wolf Portfolio 

With the stock falling so much today, we have become a little more bullish than feels comfortable.  We have 4 in-the-money short puts which could be troublesome if they are not covered by some in-the-money or at-the-money short calls:

 

BTC 2 MSFT 16Nov18 113 calls (MSFT181116C113)

STO 2 MSFT 16Nov18 109 calls (MSFT181116C109) for a credit of $1.45 (selling a vertical) 

 

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

 

Happy trading.

 

Terry