January 16, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 4 MSFT 24Jan20 162.5 calls (MSFT200124C162.5)
STO 4 MSFT 24Jan20 167.5 calls (MSFT200124C167.5) for a debit of $2.65 (buying a vertical)

BTO 2 MSFT 17Jul20 170 calls (MSFT200717C170)
STC 2 MSFT 17Jul20 160 calls (MSFT200717C160) for a credit of $5.25 (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