December 2, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to reduce delta:
 
BTC 2 MSFT 06Dec19 152.5 puts (MSFT191206P152.5)
STO 2 MSFT 06Dec19 147 puts (MSFT191206P147) for a debit of $3.05 (buying a vertical)

BTC 2 MSFT 06Dec19 155 calls (MSFT191206C155)
STO 2 MSFT 06Dec19 149 calls (MSFT191206C149) for a credit of $1.30 (selling a vertical)

BTO 1 MSFT 17Jan20 145 put (MSFT200117P145)
STC 1 MSFT 17Jan20 155 put (MSFT200117P155) for a credit of $4.80 (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