December 4, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 2 MSFT 06Dec19 145 puts (MSFT191206P145)
STO 2 MSFT 06Dec19 150 puts (MSFT191206P150) for a credit of $1.00 (selling a vertical)

BTC 2 MSFT 06Dec19 148 calls (MSFT191206C148)
STO 2 MSFT 06Dec19 152.5 calls (MSFT191206C152.5) for a debit of $2.05 (buying a vertical)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry