December 12, 2018 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 14Dec18 107 put (MSFT181214P107)
STO 1 MSFT 21Dec18 110 put (MSFT181221P110) for a credit of $1.66 (selling a diagonal)

BTC 1 MSFT 14Dec18 108 put (MSFT181214P108)
STO 1 MSFT 21Dec18 110 put (MSFT181221P110) for a credit of $1.50 (selling a diagonal)

BTO 1 MSFT 18Apr19 110 put (MSFT190418P110)
STC 1 MSFT 18Apr19 105 put (MSFT190418P105) for a debit of $2.06 (buying a vertical)

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

Happy trading.

Terry