November 4, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 08Nov19 141 put (MSFT191108P141)
STO 1 MSFT 08Nov19 145 put (MSFT191108P145) for a credit of $1.05 (selling a vertical)

BTC 3 MSFT 08Nov19 142 puts (MSFT191108P142)
STO 3 MSFT 08Nov19 145 puts (MSFT191108P145) for a credit of $0.95 (selling a vertical)

BTO 2 MSFT 13Dec19 145 puts (MSFT191213P145)
STC 2 MSFT 13Dec19 141 puts (MSFT191213P141) for a debit of $1.60 (buying a vertical)

BTO 1 MSFT 20Dec19 145 put (MSFT191220P145)
STC 1 MSFT 20Dec19 140 put (MSFT191220P140) for a debit of $1.95 (buying a vertical)


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

Happy trading.

Terry