Its very simple just copy the sdk to wherever you want and then change the sdk path in android studio. For that just open the local.properties file and set the path like this:
To keep the most used simulator in SSD drive and the others used for testing in the slow drive i created Symbolic. They are NTFS objects that appear in a folder as a sub folder but can that point to another folder on another drive.
To create then, move to C:\Users\<user>\.android\avd and do this: