February 18, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

With have become negative net delta:

BTC 2 MSFT 28Feb20 177.5 puts (MSFT200228P177.5)
STO 2 MSFT 28Feb20 185 puts (MSFT200228P185) for a credit of $1.80 (selling a vertical)

BTO 2 MSFT 17Jul20 185 puts (MSFT200717P185)
STC 2 MSFT 17Jul20 180 puts (MSFT200717P180) for a debit of $2.20 (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