April 21, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We continue to need to reduce delta:
 
BTO 1 MSFT 18Sep20 165 put (MSFT200918P165)
STC 1 MSFT 18Sep20 185 put (MSFT200918P185) for a credit of $11.20 (selling a vertical)

BTC 1 MSFT 24Apr20 177.5 put (MSFT200424P177.5)
STO 1 MSFT 24Apr20 167.5 put (MSFT200424P167.5) for a debit of $7.40 (buying a vertical)

BTC 1 MSFT 24Apr20 175 put (MSFT200424P175)
STO 1 MSFT 24Apr20 167.5 put (MSFT200424P167.5) for a debit of $5.20 (buying a vertical)

BTC 1 MSFT 24Apr20 175 put (MSFT200424P175)
STO 1 MSFT 24Apr20 172.5 put (MSFT200424P172.5) for a debit of $2.00 (buying a vertical)

BTC 2 MSFT 24Apr20 180 calls (MSFT200424C180)
STO 2 MSFT 24Apr20 165 calls (MSFT200424C165)
BTO 2 MSFT 18Sep20 165 calls (MSFT200918C165)
STC 2 MSFT 18Sep20 180 calls (MSFT200918C180) for a debit of $2.80 (selling a vertical roll)

BTC 1 MSFT 24Apr20 180 call (MSFT200424C180)
STC 1 MSFT 18Sep20 180 call (MSFT200918C180) for a credit of $10.80 (selling a calendar)


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

Happy trading.

Terry