March 2, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 06Mar20 150 put (MSFT200306P150)
STO 1 MSFT 27Mar20 160 put (MSFT200327P160) for a credit of $4.25 (selling a diagonal)

BTC 1 MSFT 06Mar20 152.5 put (MSFT200306P152.5)
STO 1 MSFT 27Mar20 162.5 put (MSFT200327P162.5) for a credit of $4.75 (selling a diagonal)

BTC 1 MSFT 06Mar20 155 put (MSFT200306P155)
STO 1 MSFT 27Mar20 165 put (MSFT200327P165) for a credit of $5.40 (selling a diagonal)

BTC 2 MSFT 06Mar20 165 puts (MSFT200306P165)
STO 2 MSFT 27Mar20 170 puts (MSFT200327P170) for a credit of $5.45 (selling a diagonal)


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

Happy trading.

Terry