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

We are now negative net delta and need to roll up some strikes:

BTO 1 MSFT 20Sep19 140 call (MSFT190920C140)
STC 1 MSFT 20Sep 19 135 call (MSFT190920C135) for a credit of $3.23 (selling a vertical)

BTC 1 MSFT 2Aug19 138 put (MSFT190802P138)
STO 1 MSFT 9Aug19 140 put (MSFT190809P140) for a credit of $1.19 (selling a diagonal)

BTC 3 MSFT 2Aug19 139 calls (MSFT190802C139)
STO 3 MSFT 2Aug19 141 calls (MSFT190802C141) for a debit of $1.30 (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