February 11, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 3 MSFT 28Feb20 185 calls (MSFT200228C185)
STO 3 MSFT 28Feb20 192.5 calls (MSFT200228C192.5) for a debit of $3.50 (buying a vertical)

BTC 2 MSFT 28Feb20 187.5 calls (MSFT200228C187.5)
STO 2 MSFT 28Feb20 195 calls (MSFT200228C195) for a debit of $2.85 (buying a vertical)
 
BTO 2 MSFT 17Jul20 195 calls (MSFT200717C195)
STC 2 MSFT 17Jul20 185 calls (MSFT200717C185) for a credit of $4.70 (selling a vertical)

BTO 1 MSFT 18Sep20 195 call (MSFT200918C195)
STC 1 MSFT 18Sep20 185 call (MSFT200918C185) for a credit of $4.70 (selling a vertical)


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

Happy trading.

Terry