October 24, 2018 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

The stock has gone up over $2 since we put on our positions yesterday.  We will have to take off one of our spreads to generate some cash to roll short calls to higher strikes.  Hopefully, we when roll over to next week, we will have enough cash to replace that spread:

BTC 1 MSFT 26Oct18 105 call (MSFT181026C105)
STC 1 MSFT 18Apr19 105 call (MSFT190418C105) for a credit of $4.84 (selling a calendar)

BTO 2 MSFT 18Apr19 110 calls (MSFT190418C110)
STC 2 MSFT 18Apr19 105 calls (MSFT190418C105) for a credit of $2.69 (selling a vertical)

BTC 2 MSFT 26Oct18 105 calls (MSFT181026C105)
STO 2 MSFT 26Oct18 108 calls (MSFT181026C108) for a debit of $1.74 (buying a vertical)

BTC 2 MSFT 26Oct18 105 calls (MSFT181026C105)
STO 2 MSFT 26Oct18 109 calls (MSFT181026C109) for a debit of $2.36 (buying a vertical)

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

Happy trading.

Terry