January 29, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We have become negative net delta once again:

BTC 2 MSFT 31Jan20 162.5 put (MSFT200131P162.5)
STO 2 MSFT 31Jan20 170 put (MSFT200131P170) for a credit of $3.15 (selling a vertical)

BTO 1 MSFT 17Jul20 170 put (MSFT200717P170)
STC 1 MSFT 17Jul20 160 put (MSFT200717P160) for a debit of $4.30 (buying a vertical)

BTO 1 MSFT 17Jul20 170 put (MSFT200717P170)
STC 1 MSFT 17Jul20 165 put (MSFT200717P165) for a debit of $2.40 (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