February 4, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become significantly negative net delta:
 
BTC 2 MSFT 28Feb20 170 calls (MSFT200228C170)
STO 2 MSFT 28Feb20 177.5 calls (MSFT200228C177.5) for a debit of $5.40 (buying a vertical)

BTC 2 MSFT 28Feb20 172.5 calls (MSFT200228C172.5)
STO 2 MSFT 28Feb20 180 calls (MSFT200228C180) for a debit of $4.60 (buying a vertical)

BTO 2 MSFT 17Jul20 180 calls (MSFT200717C180)
STC 2 MSFT 17Jul20 170 calls (MSFT200717C170) for a credit of $5.65 (selling a vertical)

BTO 3 MSFT 17Jul20 175 calls (MSFT200717C175)
STC 3 MSFT 17Jul20 170 calls (MSFT200717C170) for a credit of $3.05 (selling a vertical)


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

Happy trading.

Terry