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

We have become negative net delta:

BTC 2 MSFT 15Nov19 143 puts (MSFT191115P143)
STO 2 MSFT 15Nov19 148 puts (MSFT191115P148) for a credit of $1.10 (selling a vertical)

BTO 1 MSFT 20Dec19 150 put (MSFT191220P150)
STC 1 MSFT 20Dec19 145 put (MSFT191220P145) for a debit of $2.50 (buying a vertical)

BTO 1 MSFT 13Dec19 148 put (MSFT191213P148)
STC 1 MSFT 13Dec19 147 put (MSFT191213P147) for a debit of $0.50 (buying a vertical)

BTC 3 MSFT 15Nov19 146 calls (MSFT191115C146)
STO 3 MSFT 15Nov19 149 calls (MSFT191115C149) for a debit of $1.45 (buying a vertical)

BTO 1 MSFT 20Dec19 145 call (MSFT191220C145)
STC 1 MSFT 20Dec19 140 call (MSFT191220C140) for a credit of $3.75 (selling a vertical)


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

Happy trading.

Terry