January 21, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 24Jan20 167.5 calls (MSFT200124C167.5)
STO 2 MSFT 24Jan20 170 calls (MSFT200124C170) for a debit of $0.95 (buying a vertical)

BTO 1 MSFT 17Jul20 170 call (MSFT200717C170)
STC 1 MSFT 17Jul20 165 call (MSFT200717C165) for a credit of $2.60 (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