February 7, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 28Feb20 180 call (MSFT200228C180)
STO 1 MSFT 28Feb20 190 call (MSFT200228C190) for a debit of $4.75 (buying a vertical)
 
BTO 1 MSFT 17Jul20 190 call (MSFT200717C190)
STC 1 MSFT 17Jul20 180 call (MSFT200717C180) for a credit of $4.95 (selling a vertical)

BTC 2 MSFT 28Feb20 177.5 puts (MSFT200228P177.5)
STO 2 MSFT 28Feb20 187.5 puts (MSFT200228P187.5) for a credit of $4.25 (selling a vertical)

BTO 1 MSFT 18Sep20 185 put (MSFT200918P185)
STC 1 MSFT 18Sep20 175 put (MSFT200918P175) for a debit of $4.40 (buying a vertical)

BTO 1 MSFT 17Jul20 190 put (MSFT200717P190)
STC 1 MSFT 17Jul20 180 put (MSFT200717P180) for a debit of $5.10 (buying a vertical)


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

Happy trading.

Terry