March 12, 2019 Terry’s Tips Trade Alert  – Wiley Wolf  Portfolio

We have become negative net delta:

BTC 2 MSFT 15Mar19 112 calls (MSFT190315C112)
STO 2 MSFT 15Mar19 114 calls (MSFT190315C114) for a debit of $1.09 (buying a vertical)

BTO 1 MSFT 17May19 115 call (MSFT190517C115)
STC 1 MSFT 17May19 110 call (MSFT190517C110) for a credit of $2.86 (selling a vertical)

BTC 2 MSFT 15Mar19 110 puts (MSFT190315P110)
STC 2 MSFT 18Apr19 110 puts (MSFT190418P110) for a credit of $1.24 (selling a calendar)

BTC 3 MSFT 15Mar19 110 puts (MSFT190315P110)
STO 3 MSFT 15Mar19 114 puts (MSFT190315P114) for a credit of $1.25 (selling a vertical)

BTO 3 MSFT 17May19 115 puts (MSFT190517P115)
STC 3 MSFT 17May19 110 puts (MSFT190517P110) for a debit of $2.20 (buying a vertical)

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

Happy trading.

Terry