February 12, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

With MSFT down this morning, we have become too positive net delta:

BTC 2 MSFT 28Feb20 187.5 puts (MSFT200228P187.5)
STO 2 MSFT 28Feb20 180 puts (MSFT200228P180) for a debit of $4.50 (buying a vertical)

BTO 1 MSFT 17Jul20 180 put (MSFT200717P180)
STC 1 MSFT 17Jul20 190 put (MSFT200717P190) for a credit of $5.35 (selling a vertical)

BTO 3 MSFT 18Sep20 180 puts (MSFT200918P180)
STC 3 MSFT 18Sep20 185 puts (MSFT200918P185) for a credit of $2.50 (selling a vertical)

BTC 2 MSFT 28Feb20 195 calls (MSFT200228C195)
STO 2 MSFT 28Feb20 187.5 calls (MSFT200228C187.5) for a credit of $1.25 (selling a vertical)
 
BTO 1 MSFT 17Jul20 190 calls (MSFT200717C190)
STC 1 MSFT 17Jul20 195 calls (MSFT200717C195) for a debit of $1.80 (buying a vertical)

BTC 2 MSFT 28Feb20 185 puts (MSFT200228P185)
STO 2 MSFT 28Feb20 177.5 puts (MSFT200228P177.5) for a debit of $3.70 (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