January 30, 2020  Terry’s Tips Trade Alert #6  – Earnings Eagle  portfolio

 

We will close these out now and become more neutral net delta:

 

BTC 1 MSFT 31Jan20 167.5 call (MSFT200131C167.5)

STC 1 MSFT 17Apr20 165 call (MSFT200417C165) for a credit of $5.85 (selling a diagonal)

 

BTC 1 MSFT 31Jan20 167.5 call (MSFT200131C167.5)

STC 1 MSFT 17Apr20 170 call (MSFT200417C170) for a credit of $2.55 (selling a diagonal)

 

BTC 2 MSFT 31Jan20 170 calls (MSFT200131C170)

STC 2 MSFT 17Apr20 170 calls (MSFT200417C170) for a credit of $4.90 (selling a calendar)

 

Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry