October 26, 2018 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We have enough cash to add another spread.  While it does not go all the way out to April, it will increase theta and give us a little more protection on the downside:

BTO 1 MSFT 7Dec18 103 put (MSFT181207P103)
STO 1 MSFT 2Nov18 103 put (MSFT181102P103) for a debit of $2.02 (buying a calendar)

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

Happy trading.

Terry