January 9, 2020  Terry’s Tips Trade Alert – Wiley Wolf  portfolio

  

With the stock up over $2, we have become negative net delta:

 

BTC 2 MSFT 24Jan20 157.5 puts (MSFT200124P157.5)
STO 2 MSFT 24Jan20 162.5 puts (MSFT200124P162.5) for a credit of $1.52 (selling a vertical)

BTO 1 MSFT 17Jul20 165 put (MSFT200717P165)

STC 1 MSFT 17Jul20 155 put (MSFT200717P155) for a debit of $4.38  (buying a vertical)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry