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

We are continuing our rollout to next week to lower delta and leverage the higher implied volatility:

BTC 2 MSFT 24Jan20 167.5 calls (MSFT200124C167.5) for $0.02 (no commissions)

BTC 5 MSFT 24Jan20 170 calls (MSFT200124C170) for $0.02 (no commissions)

STO 3 MSFT 31Jan20 165 calls (MSFT200131C165) for $3.25

STO 3 MSFT 31Jan20 167.5 calls (MSFT200131C167.5) for $2.20

STO 1 MSFT 31Jan20 170 call (MSFT200131C170) for $1.35

BTO 2 MSFT 17Jul20 160 calls (MSFT200717C160)
STC 2 MSFT 17Jul20 170 calls (MSFT200717C170) for a debit of $5.30 (buying a vertical)

BTC 3 MSFT 24Jan20 165 puts (MSFT200124P165)
STO 3 MSFT 31Jan20 162.5 puts (MSFT200131P162.5) for a credit of $1.90 (selling a diagonal)

BTC 1 MSFT 24Jan20 165 put (MSFT200124P165)
STO 1 MSFT 31Jan20 165 put (MSFT200131P165) for a credit of $2.95 (selling a calendar)


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

Happy trading.

Terry