February 10, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 3 MSFT 28Feb20 182.5 calls (MSFT200228C182.5)
STO 3 MSFT 28Feb20 190 calls (MSFT200228C190) for a debit of $3.55 (buying a vertical)
 
BTO 1 MSFT 17Jul20 190 call (MSFT200717C190)
STC 1 MSFT 17Jul20 180 call (MSFT200717C180) for a credit of $5.10 (selling a vertical)

BTO 1 MSFT 18Sep20 190 call (MSFT200918C190)
STC 1 MSFT 18Sep20 180 call (MSFT200918C180) for a credit of $5.20 (selling a vertical)

BTC 1 MSFT 28Feb20 180 put (MSFT200228P180)
STC 1 MSFT 17Jul20 180 put (MSFT200717P180) for a credit of $6.80 (selling a calendar)


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

Happy trading.

Terry