April 3, 2019 Terry’s Tips Trade Alert  #2 – Wiley Wolf  Portfolio  

We have become negative net delta:

BTC 2 MSFT 05Apr19 119 calls (MSFT190405C119)
STO 2 MSFT 05Apr19 121 calls (MSFT190405C121) for a debit of $1.16 (buying a vertical)

BTC 3 MSFT 05Apr19 119 calls (MSFT190405C119)
STO 3 MSFT 12Apr19 121 calls (MSFT190412C121) for a debit of $.61 (selling a diagonal)

BTO 2 MSFT 21Jun19 120 calls (MSFT190621C120)
STC 2 MSFT 17May19 115 calls (MSFT190517C115) for a credit of $2.44 (buying a diagonal)

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

Happy trading.

Terry