October 18, 2019 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We have excess cash to roll out some long calls and establish new spreads ahead of MSFT’s earnings report next Wednesday (Oct. 23) after the close:


STO 1 MSFT 25Oct19 143 call (MSFT191025C143) for $1.00

BTO 1 MSFT 29Nov19 137 call (MSFT191129C137)
STC 1 MSFT 01Nov19 137 call (MSFT191101C137) for a debit of $1.05 (buying a calendar)

BTO 1 MSFT 29Nov19 139 call (MSFT191129C137)
STC 1 MSFT 01Nov19 139 call (MSFT191101C137) for a debit of $1.05 (buying a calendar)

BTO 1 MSFT 20Dec19 140 call (MSFT191220C140)
STO 1 MSFT 25Oct19 139 call (MSFT191025C139) for a debit of $1.80 (buying a diagonal)

BTO 2 MSFT 20Dec19 140 calls (MSFT191220C140)
STO 2 MSFT 25Oct19 140 calls (MSFT191025C140) for a debit of $2.25 (buying a calendar)

BTO 1 MSFT 20Dec19 145 call (MSFT191220C145)
STO 1 MSFT 25Oct19 143 call (MSFT191025C143) for a debit of $1.25 (buying a diagonal)

BTO 1 MSFT 20Dec19 140 put (MSFT191220P140)
STO 1 MSFT 25Oct19 140 put (MSFT191025P140) for a debit of $2.35 (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