February 6, 2020 Terry’s Tips Trade Alert  – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 2 MSFT 28Feb20 172.5 puts (MSFT200228P172.5)
STO 2 MSFT 28Feb20 182.5 puts (MSFT200228P182.5) for a credit of $3.35 (selling a vertical)

BTO 1 MSFT 17Jul20 180 put (MSFT200717P180)
STC 1 MSFT 17Jul20 170 put (MSFT200717P170) for a debit of $4.00 (buying a vertical)

BTO 1 MSFT 18Sep20 185 put (MSFT200918P185)
STC 1 MSFT 18Sep20 175 put (MSFT200918P175) for a debit of $4.75 (buying a vertical)

BTC 2 MSFT 28Feb20 180 calls (MSFT200228C180)
STO 2 MSFT 28Feb20 185 calls (MSFT200228C185) for a debit of $2.25 (buying a vertical)

BTO 2 MSFT 17Jul20 185 calls (MSFT200717C185)
STC 2 MSFT 17Jul20 180 calls (MSFT200717C180) for a credit of $2.35 (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