February 3, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We have become negative net delta once again:
 
BTC 2 MSFT 28Feb20 167.5 puts (MSFT200228P167.5)
STO 2 MSFT 28Feb20 177.5 puts (MSFT200228P177.5) for a credit of $4.35 (selling a vertical)

BTO 1 MSFT 18Sep20 180 put (MSFT200918P180)
STC 1 MSFT 17Jul20 165 put (MSFT200717P165) for a debit of $8.70 (buying a diagonal)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry