February 26, 2019 Terry’s Tips Trade Alert  - Wiley Wolf  Portfolio

We are dangerously close to becoming negative net delta:

 

BTC 3 MSFT 01Mar19 110 puts (MSFT190301P110)

STC 3 MSFT 18Apr19 110 puts (MSFT190418P110) for a credit of $1.76 (selling a calendar) 

 

BTO 2 MSFT 18Apr19 115 puts (MSFT190418P115)

STO 2 MSFT 01Mar19 114 puts (MSFT190301P114) for a debit of $2.62 (buying a diagonal) 

 

STO 1 MSFT 08Mar19 115 call (MSFT190308C115) for $.52

 

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

  
Happy trading.

Terry