March 15, 2019 Terry’s Tips Trade Alert  – Wiley Wolf Portfolio 

We have become negative net delta:

BTC 2 MSFT 15Mar19 114 calls (MSFT190315C114)
STO 2 MSFT 22Mar19 117 calls (MSFT190322C117) for a debit of $1.89 (selling a diagonal)

BTC 3 MSFT 15Mar19 115 calls (MSFT190315C115)
STO 3 MSFT 22Mar19 118 calls (MSFT190322C118) for a debit of $1.38 (selling a diagonal)

BTC 3 MSFT 15Mar19 114 puts (MSFT190315P114) for $.02 (no commission)

STO 3 MSFT 22Mar19 115 puts (MSFT190322P115) for $.45

BTO 1 MSFT 17May19 120 call (MSFT190517C120)
STC 1 MSFT 17May19 110 call (MSFT190517C110) for a credit of $6.29 (selling a vertical)

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

Happy trading.

Terry