January 4, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 04Jan19 97.5 puts (MSFT190104P97.5) for $.02 (no commission)

STO 2 MSFT 11Jan19 100 puts (MSFT190111P100) for $1.20

BTO 1 MSFT 18Apr19 100 put (MSFT190418P100)
STC 1 MSFT 18Apr19 95 put (MSFT190418P95) for a debit of $1.89 (buying a vertical)

BTC 2 MSFT 04Jan19 100 calls (MSFT190104C100)
STO 2 MSFT 11Jan19 103 calls (MSFT19011C103) for a debit of $.54 (selling a diagonal)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry