February 24, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We will continue lowering delta by lowering some call strikes:

BTC 3 MSFT 28Feb20 182.5 calls (MSFT200228C182.5)
STO 3 MSFT 28Feb20 175 calls (MSFT200228C175) for a credit of $2.00 (selling a vertical)

BTO 1 MSFT 18Sep20 175 call (MSFT200918C175)
STC 1 MSFT 18Sep20 185 call (MSFT200918C185) for a debit of $4.20 (buying a vertical)

BTO 1 MSFT 17Jul20 170 call (MSFT200717C170)
STC 1 MSFT 17Jul20 180 call (MSFT200717C180) for a debit of $4.85 (buying a vertical)

BTC 1 MSFT 28Feb20 182.5 call (MSFT200228C182.5)
STC 1 MSFT 17Jul20 185 call (MSFT200717C185) for a credit of $6.60 (selling a diagonal)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry