February 5, 2020 Terry’s Tips Trade Alert  – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 1 MSFT 28Feb20 175 call (MSFT200228C175)
STO 1 MSFT 28Feb20 185 call (MSFT200228C185) for a debit of $5.30 (buying a vertical)

BTC 2 MSFT 28Feb20 177.5 calls (MSFT200228C177.5)
STO 2 MSFT 28Feb20 187.5 calls (MSFT200228C187.5) for a debit of $4.15 (buying a vertical)

BTO 2 MSFT 17Jul20 185 calls (MSFT200717C185)
STC 2 MSFT 17Jul20 175 calls (MSFT200717C175) for a credit of $5.30 (selling a vertical)

BTO 2 MSFT 17Jul20 180 calls (MSFT200717C180)
STC 2 MSFT 17Jul20 175 calls (MSFT200717C175) for a credit of $2.65 (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