April 1, 2019 Terry’s Tips Trade Alert  – Wiley Wolf  Portfolio  

We are dangerously close to becoming negative net delta and we have enough cash to roll up 2 short calls to a higher strike and increase theta at the same time:

BTC 2 MSFT 05Apr19 117 calls (MSFT190405C117)
STO 2 MSFT 05Apr19 119 calls (MSFT190405C119) for a debit of $1.21 (buying a vertical)

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

Happy trading.

Terry