August 13, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to roll up some strikes to increase delta:

BTC 1 MSFT 16Aug19 136 put (MSFT190816P136)
STO 1 MSFT 16Aug19 139 put (MSFT190816P139) for a credit of $1.10 (selling a vertical)

BTC 2 MSFT 16Aug19 137 puts (MSFT190816P137)
STO 2 MSFT 16Aug19 138 puts (MSFT190816P138) for a credit of $0.35 (selling a vertical)

BTC 1 MSFT 16Aug19 137 put (MSFT190816P137)
STO 1 MSFT 16Aug19 139 put (MSFT190816P139) for a credit of $0.85 (selling a vertical)

BTC 2 MSFT 16Aug19 137 puts (MSFT190816P137)
STO 2 MSFT 16Aug19 140 puts (MSFT190816P140) for a credit of $1.49 (selling a vertical)

BTO 1 MSFT 13Sep19 139 put (MSFT190913P139)
STC 1 MSFT 13Sep19 136 put (MSFT190913P136) for a debit of $1.27 (buying a vertical)

BTO 2 MSFT 27Sep19 138 puts (MSFT190927P138)
STC 2 MSFT 20Sep19 135 puts (MSFT190920P135) for a debit of $1.50 (buying a diagonal)

BTO 1 MSFT 27Sep19 139 put (MSFT190927P139)
STC 1 MSFT 20Sep19 135 put (MSFT190920P135) for a debit of $1.94 (buying a diagonal)

BTC 2 MSFT 16Aug19 137 calls (MSFT190816C137)
STO 2 MSFT 16Aug19 140 calls (MSFT190816C140) for a debit of $1.52 (buying a vertical)

BTO 3 MSFT 27Sep19 137 calls (MSFT190927C137)
STC 3 MSFT 20Sep19 135 calls (MSFT190920C135) for a credit of $0.88 (buying a diagonal)

Be prepared to change this(these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry