February 4, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We remain significantly negative net delta:
 
BTC 1 MSFT 28Feb20 172.5 call (MSFT200228C172.5)
STC 1 MSFT 17Jul20 175 call (MSFT200717C175) for a credit of $4.65 (selling a diagonal)

BTC 1 MSFT 28Feb20 172.5 call (MSFT200228C172.5)
STO 1 MSFT 28Feb20 182.5 call (MSFT200228C182.5) for a debit of $6.20 (buying a vertical)

BTC 2 MSFT 28Feb20 175 calls (MSFT200228C175)
STO 2 MSFT 28Feb20 182.5 calls (MSFT200228C182.5) for a debit of $4.30 (buying a vertical)

BTO 1 MSFT 17Jul20 190 call (MSFT200717C190)
STC 1 MSFT 17Jul20 170 call (MSFT200717C170) for a credit of $10.20 (selling a vertical)

BTC 3 MSFT 28Feb20 170 puts (MSFT200228P170)
STO 3 MSFT 28Feb20 180 puts (MSFT200228P180) for a credit of $2.95 (selling a vertical)

BTO 3 MSFT 17Jul20 180 puts (MSFT200717P180)
STC 3 MSFT 17Jul20 170 puts (MSFT200717P170) for a debit of $4.00 (buying a vertical)

BTO 1 MSFT 18Sep20 185 call (MSFT200918C185)
STC 1 MSFT 18 Sep20 180 call (MSFT200918C180) for a credit of $2.35 (selling a vertical)


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

Happy trading.

Terry