December 11, 2018 Terry’s Tips Trade Alert  – Wiley Wolf  Portfolio

We have become negative net delta:

BTC 1 MSFT 14Dec18 105 call (MSFT181214C105)
STO 1 MSFT 21Dec18 112 call (MSFT181221C112) for a debit of $3.82 (selling a diagonal)

BTC 2 MSFT 14Dec18 107 calls (MSFT181214C107)
STO 2 MSFT 14Dec18 111 calls (MSFT181214C111) for a debit of $2.51 (buying a vertical)

BTO 1 MSFT 18Apr19 110 call (MSFT190418C110)
STC 1 MSFT 18Apr19 105 call (MSFT190418C105) for a credit of $2.88 (selling a vertical)

BTO 1 MSFT 18Apr19 115 call (MSFT190418C115)
STC 1 MSFT 18Apr19 105 call (MSFT190418C105) for a credit of $5.21 (selling a vertical)

BTC 1 MSFT 14Dec18 105 put (MSFT181214P105)
STO 1 MSFT 21Dec18 110 put (MSFT181221P110) for a credit of $2.04 (selling a diagonal)

BTC 1 MSFT 14Dec18 106 put (MSFT181214P106)
STO 1 MSFT 21Dec18 110 put (MSFT181221P110) for a credit of $1.94 (selling a diagonal)

BTO 2 MSFT 18Apr19 110 puts (MSFT190418P110)
STC 2 MSFT 18Apr19 105 puts (MSFT190418P105) for a debit of $2.10 (buying a vertical)

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

Happy trading.

Terry