February 12, 2019 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio

We have become negative net delta:

BTC 2 MSFT 15Feb19 105 calls (MSFT190215C105)

STO 2 MSFT 15Feb19 108 calls (MSFT190215C108) for a debit of $1.83  (buying a vertical) 

 

BTO 1 MSFT 18Apr19 110 call (MSFT190418C110)

STC 1 MSFT 18Apr19 105 call (MSFT190418C105) for a credit of $2.52 (selling a vertical) 

 

BTC 1 MSFT 15Feb19 105 put (MSFT190215P105)

STO 1 MSFT 22Feb19 110 put (MSFT190222P110) for a credit of $3.48 (selling a diagonal)

 

BTO 1 MSFT 18Apr19 110 put (MSFT190418P110)

STC 1 MSFT 18Apr19 105 put (MSFT190418P105) for a debit of $2.51  (buying a vertical) 

 

Be prepared to change these prices by $.05 or more in order to get an execution. 

  
Happy trading.

Terry