October 28, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

MSFT’s award of a huge cloud contract on Friday has caused the stock to surge. We are thus negative net delta:
 
BTC 1 MSFT 01Nov19 138 put (MSFT191101P138)
STO 1 MSFT 01Nov19 142 put (MSFT191101P142) for a credit of $0.23 (selling a vertical)

BTC 2 MSFT 01Nov19 139 puts (MSFT191101P139)
STO 2 MSFT 01Nov19 143 puts (MSFT191101P143) for a credit of $0.37 (selling a vertical)

BTC 2 MSFT 01Nov19 140 puts (MSFT191101P140)
STO 2 MSFT 01Nov19 144 puts (MSFT191101P144) for a credit of $0.57 (selling a vertical)

BTO 2 MSFT 29Nov19 145 puts (MSFT191129P145)
STC 2 MSFT 29Nov19 141 puts (MSFT191129P141) for a debit of $1.40 (buying a vertical)

BTO 1 MSFT 20Dec19 145 put (MSFT191220P145)
STC 1 MSFT 20Dec19 135 put (MSFT191220P135) for a debit of $2.75 (buying a vertical)

BTC 1 MSFT 01Nov19 140 call (MSFT191101C140)
STC 1 MSFT 22Nov19 139 call (MSFT191122C139) for a credit of $1.15 (selling a diagonal)

BTC 1 MSFT 01Nov19 140 call (MSFT191101C140)
STC 1 MSFT 22Nov19 141 call (MSFT191122C141) for a credit of $0.01 (selling a diagonal)


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

Happy trading.

Terry