February 1, 2019 Terry’s Tips Trade Alert – Wiley Wolf   Portfolio

We have been patiently waiting for MSFT to recover, but it just continues to fall.  This will give us some protection if it doesn’t recover soon, and retain a bullish net delta position:

BTC 3 MSFT 01Feb19 105 puts (MSFT190201P105)
STO 3 MSFT 08Feb19 104 puts (MSFT190208P104) for a debit of $.326(selling a diagonal)

BTC 2 MSFT 01Feb19 105 calls (MSFT190201C105) for $.01 (no commission)

BTC 2 MSFT 01Feb19 108 calls (MSFT190201C108) for $.01 (no commission)

STO 2 MSFT 08Feb19 102 calls (MSFT190208C102) for $1.73

STO 2 MSFT 08Feb19 103 calls (MSFT190208C103) for $1.18

BTO 2 MSFT 18Apr19 100 calls (MSFT190418C100)
STC 2 MSFT 18Apr19 105 calls (MSFT190418C105) for a debit of $2.72  (buying a vertical)

Be prepared to change these prices by $.05 or more in order to get an execution. 

Happy trading.

Terry