November 19, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 22Nov19 147 put (MSFT191122P147)
STO 1 MSFT 22Nov19 152.5 put (MSFT191122P152.5) for a credit of $2.05 (selling a vertical)

BTO 1 MSFT 13Dec19 152.5 put (MSFT191213P152.5)
STC 1 MSFT 13Dec19 148 put (MSFT191213P148) for a debit of $2.00 (buying a vertical)

BTO 1 MSFT 20Dec19 150 put (MSFT191220P150)
STC 1 MSFT 20Dec19 145 put (MSFT191220P145) for a debit of $1.45 (buying a vertical)

BTC 2 MSFT 22Nov19 148 puts (MSFT191122P148)
STO 2 MSFT 22Nov19 150 puts (MSFT191122P150) for a credit of $0.45 (selling a vertical)

BTC 2 MSFT 22Nov19 149 calls (MSFT191122C149)
STO 2 MSFT 22Nov19 152.5 calls (MSFT191122C152.5) for a debit of $1.85 (buying a vertical)

BTO 1 MSFT 20Dec19 150 call (MSFT191220C150)
STC 1 MSFT 20Dec19 145 call (MSFT191220C145) for a credit of $3.55 (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