November 7, 2018 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 09Nov18 105 put (MSFT181109P105)
STC 1 MSFT 07Dec18 103 put (MSFT181207P103) for a credit of $.70 (selling a diagonal)

BTC 1 MSFT 09Nov18 108 put (MSFT181109P108)
STO 1 MSFT 16Nov18 111 put (MSFT181109P111)  a credit of $1.47 (selling a diagonal)

BTC 2 MSFT 09Nov18 109 puts (MSFT181109P109)
STO 2 MSFT 16Nov18 111 puts (MSFT181109P111) for a credit of $1.37 (selling a diagonal)

BTO 1 MSFT 18Apr19 115 put (MSFT190418P115)
STC 1 MSFT 18Apr19 110 put (MSFT190418P110) for a debit of $2.45 (buying a vertical) 

BTC 2 MSFT 09Nov18 105 calls (MSFT181109C105)
STO 2 MSFT 16Nov18 112 calls (MSFT181116C112) for a debit of $5.32 (selling a diagonal)

BTC 2 MSFT 09Nov18 107 calls (MSFT181109C107)
STO 2 MSFT 16Nov18 113 calls (MSFT181116C113) for a debit of $3.83 (selling a diagonal)

BTO 2 MSFT 18Apr19 110 calls (MSFT190418C110)
STC 2 MSFT 18Apr19 105 calls (MSFT190418C105) for a credit of $3.08 (selling a vertical)

BTO 2 MSFT 18Apr19 115 calls (MSFT190418C115)
STC 2 MSFT 18Apr19 105 calls (MSFT190418C105) for a credit of $5.66 (selling a vertical)

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

Happy trading.

Terry