December 9, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 

BTC 2 MSFT 13Dec19 149 puts (MSFT191213P149)
STO 2 MSFT 13Dec19 152.5 puts (MSFT191213P152.5) for a credit of $1.05 (selling a vertical)

BTO 1 MSFT 17Jan20 150 put (MSFT200117P150)
STC 1 MSFT 17Jan20 145 put (MSFT200117P145) for a debit of $1.30 (buying a vertical)

BTO 1 MSFT 24Jan20 148 put (MSFT200124P148)
STC 1 MSFT 17Jan20 145 put (MSFT200117P145) for a debit of $1.00 (buying a diagonal)


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

Happy trading.

Terry