April 6, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We’re a little long so we’ll roll up the lowest strikes:

BTC 1 MSFT 17Apr20 150 call (MSFT200417C150)
STO 1 MSFT 17Apr20 165 call (MSFT200417C165)
BTO 1 MSFT 18Sep20 170 call (MSFT200918C170)
STC 1 MSFT 18Sep20 150 call (MSFT200918C150) for a credit of $0.90 (selling a vertical roll)

BTC 2 MSFT 17Apr20 140 puts (MSFT200417P140)
STO 2 MSFT 17Apr20 155 puts (MSFT200417P155)
BTO 2 MSFT 18Sep20 155 puts (MSFT200918P155)
STC 2 MSFT 18Sep20 140 puts (MSFT200918P140) for a debit of $3.05 (selling a vertical roll)

BTC 1 MSFT 17Apr20 155 call (MSFT200417C155)
STO 1 MSFT 17Apr20 165 call (MSFT200417C165)
BTO 1 MSFT 18Sep20 165 call (MSFT200918C165)
STC 1 MSFT 18Sep20 150 call (MSFT200918C150) for a credit of $2.50 (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