February 22, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become seriously negative net delta:

BTC 3 MSFT 22Feb19 107 puts (MSFT190222P107) for $.02 (no commission)

BTC 3 MSFT 22Feb19 108 puts (MSFT190222P108) for $.03 (no commission)

STO 6 MSFT 1Mar19 110 puts (MSFT190301P110) for $.78

BTO 2 MSFT 18Apr19 110 puts (MSFT190418P110)
STC 2 MSFT 18Apr19 105 puts (MSFT190418P105) for a debit of $1.48 (buying a vertical)

BTC 3 MSFT 22Feb19 109 calls (MSFT190222C109)
STO 3 MSFT 1Mar19 112 calls (MSFT190301C112) for a debit of $1.28 (selling a diagonal)

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

Happy trading.

Terry