December 3, 2018 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 07Dec18 108 put (MSFT181207P108)
STC 1 MSFT 18Apr19 105 put (MSFT190418P105) for a credit of $3.56 (selling a diagonal)

BTC 2 MSFT 07Dec18 108 puts (MSFT181207P108)
STO 2 MSFT 07Dec18 113 puts (MSFT181207P113) for a credit of $1.74 (selling a vertical)

BTC 2 MSFT 07Dec18 109 puts (MSFT181207P109)
STO 2 MSFT 07Dec18 112 puts (MSFT181207P112) for a credit of $1.01 (selling a vertical)

BTO 3 MSFT 18Apr19 115 puts (MSFT190418P115)
STC 3 MSFT 18Apr19 110 puts (MSFT190418P110) for a debit of $2.44 (buying a vertical)

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

Happy trading.

Terry