December 6, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta and will start rolling out to next week:
 
BTC 2 MSFT 06Dec19 147 puts (MSFT191206P147) for $0.04 (no commissions)

STO 2 MSFT 13Dec19 150 puts (MSFT191213P150) for $0.95

BTC 2 MSFT 06Dec19 149 calls (MSFT191206C149)
STO 2 MSFT 13Dec19 152.5 calls (MSFT191213C152.5) for a debit of $1.20 (selling a diagonal)

BTO 1 MSFT 17Jan20 150 call (MSFT200117C150)
STC 1 MSFT 20Dec19 145 call (MSFT191220C145) for a credit of $2.10 (buying a diagonal)

BTO 1 MSFT 17Jan20 150 put (MSFT200117P150)
STC 1 MSFT 17Jan20 145 put (MSFT200117P145) for a debit of $1.55 (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