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

We have become negative net delta:

BTC 3 MSFT 30Nov18 105 puts (MSFT181130P105)
STO 3 MSFT 7Dec18 108 puts (MSFT181207P108) for a credit of $1.65 (selling a diagonal)

BTC 2 MSFT 30Nov18 105 puts (MSFT181130P105)
STO 2 MSFT 7Dec18 109 puts (MSFT181207P109) for a credit of $2.13 (selling a diagonal)

BTO 4 MSFT 18Apr19 110 puts (MSFT190418P110)
STC 4 MSFT 18Apr19 105 puts (MSFT190418P105) for a debit of $2.25 (buying a vertical)

BTC 3 MSFT 30Nov18 107 calls (MSFT181130C107)
STO 3 MSFT 30Nov18 109 calls (MSFT181130C109) for a debit of $1.14 (buying a vertical)

BTO 2 MSFT 18Apr19 110 calls (MSFT190418C110)
STC 2 MSFT 18Apr19 105 calls (MSFT190418C105) for a credit of $2.73 (selling a vertical)

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

Happy trading.

Terry