November 14, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We will start rolling out to next week as we have become negative net delta :

BTC 2 MSFT 15Nov19 146 calls (MSFT191115C146)
STO 2 MSFT 22Nov19 148 calls (MSFT191122PC148) for a debit of $0.95 (selling a diagonal)

BTC 3 MSFT 15Nov19 147 calls (MSFT191115C147)
STO 3 MSFT 22Nov19 149 calls (MSFT191122C149) for a debit of $0.55 (selling a diagonal)

BTO 1 MSFT 20Dec19 145 call (MSFT191220C145)
STC 1 MSFT 20Dec19 140 call (MSFT191220C140) for a credit of $3.90 (selling a vertical)

BTC 3 MSFT 15Nov19 144 puts (MSFT191115P144)
STO 3 MSFT 22Nov19 147 puts (MSFT191122P147) for a credit of $1.05 (selling a diagonal)

BTO 1 MSFT 13Dec19 149 put (MSFT191213P149)
STC 1 MSFT 13Dec19 145 put (MSFT191213P145) for a debit of $1.75 (buying a vertical)

BTO 1 MSFT 13Dec19 150 put (MSFT191213P150)
STC 1 MSFT 13Dec19 148 put (MSFT191213P148) for a debit of $1.15 (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