December 26, 2018 Terry’s Tips Trade Alert- Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 28Dec18 95 put (MSFT181228P95)
STO 1 MSFT 28Dec18 97.5 put (MSFT181228P97.5) for a credit of $.70 (selling a vertical)

BTC 1 MSFT 28Dec18 95 put (MSFT181228P95)
STO 1 MSFT 4Jan19 97.5 put (MSFT190104P97.5) for a credit of $1.80 (selling a diagonal)

BTO 1 MSFT 18Apr19 100 put (MSFT190418P100)
STC 1 MSFT 18Apr19 95 put (MSFT190418P95) for a debit of $2.36 (buying a vertical)

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

Happy trading.

Terry