February 19, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 28Feb20 180 puts (MSFT200228P180)
STO 1 MSFT 28Feb20 187.5 puts (MSFT200228P187.5) for a credit of $1.90 (selling a vertical)

BTO 1 MSFT 18Sep20 190 put (MSFT200918P190)
STC 1 MSFT 18Sep20 180 put (MSFT200918P180) for a debit of $4.60 (buying a vertical)

BTC 1 MSFT 28Feb20 180 put (MSFT200228P180)
STC 1 MSFT 17Jul20 180 put (MSFT200717P180) for a credit of $7.00 (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