January 10, 2020  Terry’s Tips Trade Alert  –  Wiley Wolf  portfolio

  

We have become negative net delta:

BTC 1 MSFT 24Jan20 157.5 put (MSFT200124P157.5)

STO 1 MSFT 24Jan20 165 put (MSFT200124P165)
BTO 1 MSFT 17Jul20 165 put (MSFT200717P165)
STC 1 MSFT 17Jul20 155 put (MSFT200717P155) for a debit of $1.62 (buying a vertical roll)

 

BTC 1 MSFT 24Jan20 157.5 put (MSFT200124P157.5)

STO 1 MSFT 24Jan20 165 put (MSFT200124P165)
BTO 1 MSFT 17Jul20 165 put (MSFT200717P165)
STC 1 MSFT 17Jul20 160 put (MSFT200717P160) for a credit of $.31 (buying a vertical roll)

BTC 2 MSFT 24Jan20 160 calls (MSFT200124C160)

STO 2 MSFT 24Jan20 165 calls (MSFT200124C165)

BTO 2 MSFT 17Jul20 165 calls (MSFT200717C165)

STC 2 MSFT 17Jul20 160 calls (MSFT200717C160) for a debit of $.13 (selling a vertical)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry