January 31, 2019 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio 

We will start re-positioning ourselves at lower strikes now that disappointing earnings are out:

 

BTC 1 MSFT 01Feb19 110 put (MSFT190201P110)
STC 1 MSFT 18Apr19 110 put (MSFT190418P110) for a credit of $2.02 (selling a calendar) 

 

BTO 1 MSFT 18Apr19 105 put (MSFT190418P105)
STC 1 MSFT 18Apr19 110 put (MSFT190418P110) for a credit of $2.85 (selling a vertical) 

 

BTC 1 MSFT 01Feb19 110 put (MSFT190201P110)

STO 1 MSFT 08Feb19 105 put (MSFT190208P105) for a debit of $3.67 (selling a diagonal) 

 

BTC 1 MSFT 01Feb19 113 call (MSFT190201C113) for $.01 (no commission) 

 

BTC 1 MSFT 01Feb19 112 call (MSFT190201C112) for $.02 (no commission)

 

BTC 1 MSFT 01Feb19 110 call (MSFT190201C110) for $.02 (no commission)

 

BTC 2 MSFT 01Feb19 109 calls (MSFT190201C109) for $.02 (no commission)

 

STC 2 MSFT 18Apr19 115 calls (MSFT190418C115) for $.92

 

BTO 2 MSFT 18Apr19 105 calls (MSFT190418C105)

STC 2 MSFT 18Apr19 110 calls (MSFT190418C110) for a debit of $2.18  (buying a vertical) 

 

STO 3 MSFT 08Feb19 105 calls (MSFT190208C105) for $1.37

 

Be prepared to change these prices by $.05 or more in order to get an execution.  

  
Happy trading.

Terry