April 25, 2019 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio    

We are seriously negative net delta:

BTC 2 MSFT 26Apr19 122 calls (MSFT190426C122)
STO 2 MSFT 26Apr19 130 calls (MSFT190426C130) for a debit of $7.00 (buying a vertical)

BTC 5 MSFT 26Apr19 123 calls (MSFT190426C123)
STO 5 MSFT 26Apr19 130 calls (MSFT190426C130) for a debit of $6.00 (buying a vertical)

BTO 7 MSFT 21Jun19 130 calls (MSFT190621C130)
STC 7 MSFT 21Jun19 120 calls (MSFT190621C120) for a credit of $7.10 (selling a vertical)

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

Happy trading.

Terry