November 11, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 15Nov19 145 calls (MSFT191115C145)
STO 2 MSFT 15Nov19 148 calls (MSFT191115C148) for a debit of $1.45 (buying a vertical)

BTC 1 MSFT 15Nov19 145 call (MSFT191115C145)
STO 1 MSFT 15Nov19 147 call (MSFT191115C147) for a debit of $1.20 (buying a vertical)

BTO 1 MSFT 20Dec19 150 call (MSFT191220C150)
STC 1 MSFT 20Dec19 140 call (MSFT191220C140) for a credit of $5.80 (selling a vertical)

BTC 1 MSFT 15Nov19 143 put (MSFT191115P143)
STO 1 MSFT 15Nov19 147 put (MSFT191115P147) for a credit of $1.10 (selling a vertical)

BTO 1 MSFT 13Dec19 147 put (MSFT191213P147)
STC 1 MSFT 13Dec19 144 put (MSFT191213P144) for a debit of $1.35 (buying a vertical)


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

Happy trading.

Terry