August 14, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to roll some spreads to lower strikes:

BTC 2 MSFT 16Aug19 138 puts (MSFT190816P138)
STC 2 MSFT 27Sep19 138 puts (MSFT190927P138) for a credit of $2.89 (selling a calendar)

BTC 2 MSFT 16Aug19 140 puts (MSFT190816P140)
STC 2 MSFT 20Sep19 140 puts (MSFT190920P140) for a credit of $1.95 (selling a calendar)

BTC 1 MSFT 16Aug19 139 put (MSFT190816P139)
STC 1 MSFT 13Sep19 139 put (MSFT190913P139) for a credit of $1.90 (selling a calendar)

BTC 1 MSFT 16Aug19 139 put (MSFT190816P139)
STC 1 MSFT 27Sep19 139 put (MSFT190927P139) for a credit of $2.60 (selling a calendar)

BTO 4 MSFT 27Sep19 134 puts (MSFT190927P134)
STO 4 MSFT 16Aug19 134 puts (MSFT190816P134) for a debit of $3.36 (buying a calendar)

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

Happy trading.

Terry