April 9, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to add delta:

BTC 1 MSFT 17Apr20 155 call (MSFT200417C155)
STO 1 MSFT 17Apr20 170 call (MSFT200417C170)
BTO 1 MSFT 18Sep20 170 call (MSFT200918C170)
STC 1 MSFT 18Sep20 150 call (MSFT200918C150) for a credit of $2.10 (selling a vertical roll)

BTC 1 MSFT 17Apr20 145 put (MSFT200417P145)
STO 1 MSFT 17Apr20 167.5 put (MSFT200417P167.5)
BTO 1 MSFT 18Sep20 170 put (MSFT200918P170)
STC 1 MSFT 18Sep20 150 put (MSFT200918P150) for a debit of $3.60 (selling a vertical roll)

BTC 1 MSFT 17Apr20 145 put (MSFT200417P145)
STC 1 MSFT 18Sep20 140 put (MSFT200918P140) for a credit of $6.60 (selling a diagonal)

BTC 1 MSFT 17Apr20 150 put (MSFT200417P150)
STO 1 MSFT 17Apr20 170 put (MSFT200417P170)
BTO 1 MSFT 18Sep20 170 put (MSFT200918P170)
STC 1 MSFT 18Sep20 150 put (MSFT200918P150) for a debit of $2.30 (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