December 5, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 2 MSFT 06Dec19 148 calls (MSFT191206C148)
STO 2 MSFT 13Dec19 150 calls (MSFT191213C150) for a debit of $0.65 (selling a diagonal)

BTC 2 MSFT 06Dec19 146 puts (MSFT191206P146)
STO 2 MSFT 13Dec19 149 puts (MSFT191213P149) for a credit of $0.95 (selling a diagonal)

BTO 1 MSFT 17Jan20 150 put (MSFT200117P150)
STC 1 MSFT 17Jan20 145 put (MSFT200117P145) for a debit of $1.75 (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