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

With MSFT up 3% after earnings, we have become seriously short delta and need to start rolling up deep in-the-money call strikes:

BTC 3 MSFT 31Jan20 165 calls (MSFT200131C165)
STO 3 MSFT 28Feb20 172.5 calls (MSFT200228C172.5) for a debit of $4.35 (selling a diagonal)

BTO 1 MSFT 17Jul20 175 call (MSFT200717C175)
STC 1 MSFT 17Jul20 160 call (MSFT200717C160) for a credit of $9.15 (selling a vertical)

BTO 1 MSFT 17Jul20 175 call (MSFT200717C175)
STC 1 MSFT 17Jul20 165 call (MSFT200717C165) for a credit of $5.70 (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