December 3, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become uncomfortably long:
 
BTC 2 MSFT 06Dec19 150 puts (MSFT191206P150)
STO 2 MSFT 06Dec19 146 puts (MSFT191206P146) for a debit of $2.05 (buying a vertical)

BTO 2 MSFT 17Jan20 145 puts (MSFT200117P145)
STC 2 MSFT 17Jan20 150 puts (MSFT200117P150) for a credit of $2.15 (selling a vertical)

BTC 2 MSFT 06Dec19 149 puts (MSFT191206P149)
STO 2 MSFT 06Dec19 145 puts (MSFT191206P145) for a debit of $1.60 (buying a vertical)

BTC 4 MSFT 06Dec19 152.5 calls (MSFT191206C152.5)
STO 4 MSFT 06Dec19 148 calls (MSFT191206C148) for a credit of $1.05 (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