October 25, 2019 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We can use our excess cash to roll out some long positions:

BTO 1 MSFT 20Dec19 135 put (MSFT191220P135)
STC 1 MSFT 15Nov19 135 put (MSFT191115P135) for a debit of $1.45 (buying a calendar)

BTO 2 MSFT 20Dec19 140 puts (MSFT191220P140)
STC 2 MSFT 15Nov19 140 puts (MSFT191115P140) for a debit of $1.80 (buying a calendar)

BTO 2 MSFT 20Dec19 140 calls (MSFT191220C140)
STC 2 MSFT 15Nov19 140 calls (MSFT191115C140) for a debit of $1.55 (buying a calendar)

BTO 2 MSFT 20Dec19 140 calls (MSFT191220C140)
STC 2 MSFT 15Nov19 144 calls (MSFT191115C144) for a debit of $3.30 (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