January 9, 2019 Terry’s Tips Trade Alert Wiley Wolf  Portfolio

We have become negative net delta:

BTC 3 MSFT 11Jan19 100 puts (MSFT190111P100)
STC 3 MSFT 18Apr19 100 puts (MSFT190418P100) for a credit of $4.37 (selling a calendar)

BTO 2 MSFT 18Apr19 105 puts (MSFT190418P105)
STO 2 MSFT 11Jan19 105 puts (MSFT190111P105) for a debit of $5.15 (buying a calendar)

BTC 1 MSFT 11Jan19 103 call (MSFT190111C103)
STO 1 MSFT 11Jan19 105 call (MSFT190111C105) for a debit of $1.10 (buying a vertical)

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

Happy trading.

Terry