August 16, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 4 MSFT 16Aug19 134 puts (MSFT190816P134) for $0.02 (no commission)

STO 4 MSFT 23Aug19 136 puts (MSFT190823P136) for $1.72

BTO 4 MSFT 27Sep19 136 puts (MSFT190927P136)
STC 4 MSFT 27Sep19 134 puts (MSFT190927P134) for a debit of $0.78 (buying a vertical)

BTC 2 MSFT 23Aug19 133 calls (MSFT190823C133)
STO 2 MSFT 23Aug19 136 calls (MSFT190823C136) for a debit of $2.13 (buying a vertical)

BTC 2 MSFT 23Aug19 135 calls (MSFT190823C135)
STO 2 MSFT 23Aug19 137 calls (MSFT190823C137) for a debit of $1.20 (buying a vertical)

BTO 3 MSFT 27Sep19 136 calls (MSFT190927C136)
STC 3 MSFT 27Sep19 133 calls (MSFT190927C133) for a credit of $1.89 (selling a vertical)

BTO 2 MSFT 27Sep19 137 puts (MSFT190927P137)
STO 2 MSFT 23Aug19 137 puts (MSFT190823P137) for a debit of $2.41 (buying a calendar)

BTO 3 MSFT 27Sep19 137 calls (MSFT190927C137)
STO 3 MSFT 23Aug19 137 calls (MSFT190823C137) for a debit of $2.67 (buying a calendar)

BTO 1 MSFT 27Sep19 138 call (MSFT190927C138)
STO 1 MSFT 23Aug19 138 call (MSFT190823C138) for a debit of $2.60 (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