January 30, 2020 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

With delta still negative, we are now rolling up short put strikes:

BTC 1 MSFT 31Jan20 165 put (MSFT200131P165)
STO 1 MSFT 28Feb20 170 put (MSFT200228P170) for a credit of $2.70 (selling a diagonal)

BTO 1 MSFT 17Jul20 175 put (MSFT200717P175)
STC 1 MSFT 17Jul20 170 put (MSFT200717P170) for a debit of $2.50 (buying a vertical)

BTC 2 MSFT 31Jan20 167.5 puts (MSFT200131P167.5)
STO 2 MSFT 28Feb20 172.5 puts (MSFT200228P172.5) for a credit of $3.70 (selling a diagonal)

BTO 1 MSFT 17Jul20 175 put (MSFT200717P175)
STC 1 MSFT 17Jul20 165 put (MSFT200717P165) for a debit of $4.35 (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