November 26, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 2 MSFT 06Dec19 149 calls (MSFT191206C149)
STO 2 MSFT 06Dec19 155 calls (MSFT191206C155) for a debit of $3.25 (buying a vertical)

BTC 2 MSFT 06Dec19 147 puts (MSFT191206P147)
STO 2 MSFT 06Dec19 152.5 puts (MSFT191206P152.5) for a credit of $1.35 (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