November 28, 2018 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We have become negative net delta and this is the only adjustment we can make without doing a day trade.  We can adjust more tomorrow:

BTC 1 MSFT 7Dec18 107 call (MSFT181207C107)
STO 1 MSFT 30Nov18 111 call (MSFT181130C111) for a debit of $3.50 (buying a diagonal) 

BTO 1 MSFT 18Apr19 110 call (MSFT190418C110)
STC 1 MSFT 18Apr19 105 call (MSFT190418C105) for a credit of $2.96 (selling a vertical)

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

Happy trading.

Terry