November 22, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta and need to roll out our short calls:

BTC 2 MSFT 22Nov19 148 calls (MSFT191122C148)
STO 2 MSFT 06Dec19 149 calls (MSFT191206C149) for a credit of $0.35 (selling a diagonal)

BTC 2 MSFT 22Nov19 148 calls (MSFT191122C148)
STO 2 MSFT 06Dec19 152.5 calls (MSFT191206C152.5) for a debit of $1.42 (selling a diagonal)


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

Happy trading.

Terry