November 20, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We need to further reduce delta:

BTC 4 MSFT 22Nov19 152.5 calls (MSFT191122C152.5)
STO 4 MSFT 22Nov19 148 calls (MSFT191122C148) for a credit of $1.15 (selling a vertical)

BTC 1 MSFT 22Nov19 152.5 put (MSFT191122P152.5)
STO 1 MSFT 22Nov19 147 put (MSFT191122P147) for a debit of $3.60 (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