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

We need to raise delta by starting to roll out to next week:

BTC 1 MSFT 17Apr20 155 put (MSFT200417C160) for $0.04 (no commissions)

STC 1 MSFT 18Sep20 155 put (MSFT200918P155) for $8.30

BTC 2 MSFT 17Apr20 165 calls (MSFT200417C165)
STO 2 MSFT 24Apr20 175 calls (MSFT200424C175) for a debit of $5.70 (selling a diagonal)

BTO 2 MSFT 18Sep20 175 calls (MSFT200918C175)
STC 2 MSFT 18Sep20 165 calls (MSFT200918C165) for a credit of $5.60 (selling a vertical)

BTC 1 MSFT 17Apr20 165 put (MSFT200417P165)
STO 1 MSFT 24Apr20 175 put (MSFT200424P175) for a credit of $4.30 (selling a diagonal)

BTC 1 MSFT 17Apr20 167.5 put (MSFT200417P167.5)
STO 1 MSFT 24Apr20 175 put (MSFT200424P175) for a credit of $4.20 (selling a diagonal)

BTO 1 MSFT 18Sep20 180 put (MSFT200918P180)
STC 1 MSFT 18Sep20 170 put (MSFT200918P170) for a debit of $5.00 (buying a vertical)

BTO 1 MSFT 18Sep20 180 put (MSFT200918P180)
STC 1 MSFT 18Sep20 175 put (MSFT200918P175) for a debit of $2.65 (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