September 19, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 20Sep19 137 put (MSFT190920P137)
STO 1 MSFT 27Sep19 142 put (MSFT190927P142) for a credit of $1.55 (selling a diagonal)

BTC 2 MSFT 20Sep19 138 puts (MSFT190920P138)
STO 2 MSFT 27Sep19 142 puts (MSFT190927P142) for a credit of $1.55 (selling a diagonal)

BTC 3 MSFT 20Sep19 139 puts (MSFT190920P139)
STO 3 MSFT 27Sep19 143 puts (MSFT190927P143) for a credit of $2.05 (selling a diagonal)

BTC 2 MSFT 20Sep19 140 puts (MSFT190920P140)
STO 2 MSFT 27Sep19 144 puts (MSFT190927P144) for a credit of $2.60 (selling a diagonal)

BTO 3 MSFT 18Oct19 145 puts (MSFT191018P145)
STC 3 MSFT 18Oct19 140 puts (MSFT191018P140) for a debit of $2.47 (buying a vertical)

BTO 2 MSFT 25Oct19 142 puts (MSFT191025P142)
STC 2 MSFT 25Oct19 138 puts (MSFT191025P138) for a debit of $1.57 (buying a vertical)

BTO 1 MSFT 25Oct19 143 put (MSFT191025P143)
STC 1 MSFT 25Oct19 139 put (MSFT191025P139) for a debit of $1.70 (buying a vertical)

BTO 1 MSFT 25Oct19 144 put (MSFT191025P144)
STC 1 MSFT 25Oct19 139 put (MSFT191025P139) for a debit of $2.23 (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