April 16, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We remain negative net delta, so we’ll continue rolling out to next week and raising strikes:

BTC 3 MSFT 17Apr20 170 calls (MSFT200417C170)
STO 3 MSFT 24Apr20 180 calls (MSFT200424C180) for a debit of $4.10 (selling a diagonal)

BTO 2 MSFT 18Sep20 180 calls (MSFT200918C180)
STC 2 MSFT 18Sep20 170 calls (MSFT200918C170) for a credit of $5.50 (selling a vertical)

BTC 1 MSFT 17Apr20 170 put (MSFT200417P170)
STO 1 MSFT 24Apr20 172.5 put (MSFT200424P172.5) for a credit of $2.20 (selling a diagonal)

BTC 1 MSFT 17Apr20 170 put (MSFT200417P170)
STO 1 MSFT 24Apr20 177.5 put (MSFT200424P177.5) for a credit of $4.30 (selling a diagonal)

BTC 1 MSFT 17Apr20 170 put (MSFT200417P170)
STO 1 MSFT 24Apr20 180 put (MSFT200424P180) for a credit of $5.80 (selling a diagonal)

BTO 1 MSFT 18Sep20 185 put (MSFT200918P185)
STC 1 MSFT 18Sep20 165 put (MSFT200918P165) for a debit of $9.00 (buying a vertical)


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

Happy trading.

Terry