March 21, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf  Portfolio 

We have become negative net delta:

BTO 2 MSFT 17May19 120 puts (MSFT190517P120)
STC 2 MSFT 17May19 115 puts (MSFT190517P115) for a debit of $2.06 (buying a vertical)

BTC 2 MSFT 22Mar19 115 puts (MSFT190322P115)
STO 2 MSFT 29Mar19 120 puts (MSFT190329P120) for a credit of $1.89 (selling a vertical)

BTO 1 MSFT 17May19 120 call (MSFT190517C120)
STC 1 MSFT 17May19 115 call (MSFT190517C115) for a credit of $3.02 (selling a vertical)

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

Happy trading.

Terry