April 14, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We remain negative net delta:

BTC 1 MSFT 17Apr20 160 call (MSFT200417C160)
STC 1 MSFT 18Sep20 155 call (MSFT200918C155) for a credit of $12.50 (selling a diagonal)

BTC 1 MSFT 17Apr20 165 call (MSFT200417C165)
STO 1 MSFT 17Apr20 170 call (MSFT200417C170) for a debit of $4.20 (buying a vertical)

BTC 1 MSFT 17Apr20 155 put (MSFT200417P155)
STO 1 MSFT 17Apr20 175 put (MSFT200417P175)
BTO 1 MSFT 18Sep20 175 put (MSFT200918P175)
STC 1 MSFT 18Sep20 155 put (MSFT200918P155) for a debit of $4.20 (selling a vertical roll)

BTC 1 MSFT 17Apr20 160 put (MSFT200417P160)
STO 1 MSFT 17Apr20 175 put (MSFT200417P175)
BTO 1 MSFT 18Sep20 175 put (MSFT200918P175)
STC 1 MSFT 18Sep20 160 put (MSFT200918P160) for a debit of $2.90 (selling a vertical roll)
 

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

Happy trading.

Terry