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

 

We are seriously negative net delta with the stock up over $5:

 

BTC 2 MSFT 31Jan20 160 puts (MSFT200131P160) for $.03 (no commission)

 

BTC 2 MSFT 31Jan20 162.5 puts (MSFT200131P162.5) for $.05 (no commission)

 

BTC 3 MSFT 31Jan20 165 puts (MSFT200131P165)
STC 3 MSFT 17Apr20 165 puts (MSFT200417P165) for a credit of $3.23 (selling a calendar)

STC 1 MSFT 17Apr20 160 put (MSFT200417P160) for $2.10

 

STC 1 MSFT 17Apr20 165 put (MSFT200417P165) for $3.30

    

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

Happy trading.

Terry