February 21, 2020 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

With MSFT down more than 3% today, we will continue to reduce delta:

BTC 2 MSFT 28Feb20 185 calls (MSFT200228C185)
STO 2 MSFT 28Feb20 177.5 calls (MSFT200228C177.5) for a credit of $2.80 (selling a vertical)

BTO 1 MSFT 17Jul20 175 call (MSFT200717C175)
STC 1 MSFT 17Jul20 185 call (MSFT200717C185) for a debit of $4.80 (buying a vertical)

BTO 1 MSFT 17Jul20 180 call (MSFT200717C180)
STC 1 MSFT 17Jul20 185 call (MSFT200717C185) for a debit of $2.30 (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