November 26, 2018 Terry’s Tips Trade Alert Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 30Nov18 102 put (MSFT181130P102)
STO 1 MSFT 30Nov18 105 put (MSFT181130P105) for a credit of $.74 (selling a vertical)

BTC 2 MSFT 30Nov18 104 calls (MSFT181130C104)
STO 2 MSFT 30Nov18 107 calls (MSFT181130C107) for a debit of $1.65 (buying a vertical)

BTO 1 MSFT 18Apr19 105 put (MSFT190418P105)
STC 1 MSFT 18Apr19 100 put (MSFT190418P100) for a debit of $1.99 (buying a vertical)

BTO 1 MSFT 18Apr19 105 call (MSFT190418C105)
STC 1 MSFT 18Apr19 100 call (MSFT190418C100) for a credit of $2.95 (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry