October 30, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 3 MSFT 01Nov19 141 puts (MSFT191101P141)
STO 3 MSFT 01Nov19 144 puts (MSFT191101P144) for a credit of $0.40 (selling a vertical)

BTO 1 MSFT 20Dec19 145 put (MSFT191220P145)
STC 1 MSFT 20Dec19 140 put (MSFT191220P140) for a debit of $1.90 (buying a vertical)

BTO 1 MSFT 22Nov19 144 put (MSFT191122P144)
STC 1 MSFT 22Nov19 142 put (MSFT191122P142) for a debit of $0.80 (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