January 27, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to reduce delta:

BTC 1 MSFT 31Jan20 170 put (MSFT200131P170)
STO 1 MSFT 31Jan20 160 put (MSFT200131P160) for a debit of $5.90 (buying a vertical)

BTC 2 MSFT 31Jan20 170 calls (MSFT200131C170)
STO 2 MSFT 31Jan20 162.5 calls (MSFT200131C162.5) for a credit of $2.65 (selling a vertical)

BTO 2 MSFT 17Jul20 165 calls (MSFT200717C165)
STC 2 MSFT 17Jul20 170 calls (MSFT200717C170) for a debit of $2.30 (buying a vertical)

BTO 1 MSFT 17Jul20 160 put (MSFT200717P160)
STC 1 MSFT 17Jul20 170 put (MSFT200717P170) for a credit of $5.10 (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