January 30, 2020 Terry’s Tips Trade Alert #4 – Wiley Wolf Portfolio

With delta still negative, we can roll up the remaining deep in-the-money call strike:

BTC 1 MSFT 31Jan20 170 call (MSFT200131C170)
STO 1 MSFT 31Jan20 175 call (MSFT200131C175) for a debit of $2.95 (buying a vertical)

BTO 1 MSFT 17Jul20 170 call (MSFT200717C170)
STC 1 MSFT 17Jul20 165 call (MSFT200717C165) for a credit of $2.90 (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