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

We need to add delta:

BTC 1 MSFT 17Apr20 150 put (MSFT200417P150) for $0.05 (no commissions)

STC 1 MSFT 18Sep20 150 put (MSFT200918P150) for $7.30

BTC 2 MSFT 17Apr20 160 calls (MSFT200417C160)
STO 2 MSFT 17Apr20 175 calls (MSFT200417C175)
BTO 2 MSFT 18Sep20 170 calls (MSFT200918C170)
STC 2 MSFT 18Sep20 155 calls (MSFT200918C155) for a debit of $0.90 (selling a vertical roll)

BTC 1 MSFT 17Apr20 160 call (MSFT200417C160)
STO 1 MSFT 17Apr20 175 call (MSFT200417C175)
BTO 1 MSFT 18Sep20 175 call (MSFT200918C175)
STC 1 MSFT 18Sep20 160 call (MSFT200918C160) for a debit of $1.70 (selling a vertical roll)

BTC 2 MSFT 17Apr20 155 puts (MSFT200417P155)
STO 2 MSFT 17Apr20 170 puts (MSFT200417P170)
BTO 2 MSFT 18Sep20 170 puts (MSFT200918P170)
STC 2 MSFT 18Sep20 155 puts (MSFT200918P155) for a debit of $3.70 (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