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

We remain overly positive net delta:

BTC 2 MSFT 28Feb20 187.5 calls (MSFT200228C187.5)
STO 2 MSFT 28Feb20 180 calls (MSFT200228C180) for a credit of $2.20 (selling a vertical)

BTO 1 MSFT 18Sep20 180 call (MSFT200918C180)
STC 1 MSFT 18Sep20 190 call (MSFT200918C190) for a debit of $4.40 (buying a vertical)

BTO 1 MSFT 18Sep20 185 call (MSFT200918C185)
STC 1 MSFT 18Sep20 190 call (MSFT200918C190) for a debit of $2.05 (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