January 27, 2020  Terry’s Tips Trade Alert – Earnings  Eagle  portfolio

 

With the stock down almost $3, we should roll down some spreads to lower strikes:

 

BTC 1 MSFT 31Jan20 172.5 call (MSFT200131C172.5)
STC 1 MSFT 17Apr20 170 call (MSFT200417C170) for a credit of $3.20 (selling a diagonal)

BTC 1 MSFT 31Jan20 172.5 call (MSFT200131C172.5)
STC 1 MSFT 17Apr20 175 call (MSFT200417C175) for a credit of $1.78 (selling a diagonal)

BTO 2 MSFT 17Apr20 160 puts (MSFT200417P160)

STO 2 MSFT 31Jan20 160 puts (MSFT200131P160) for a debit of $3.52  (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