August 19, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We need to roll up some strikes:

BTC 1 MSFT 23Aug19 136 call (MSFT190823C136)
STC 1 MSFT 27Sep19 136 call (MSFT190927C136) for a credit of $2.69 (selling a calendar)

BTC 4 MSFT 23Aug19 136 puts (MSFT190823P136)
STO 4 MSFT 23Aug19 138 puts (MSFT190823P138) for a credit of $0.63 (selling a vertical)

BTO 4 MSFT 27Sep19 138 puts (MSFT190927P138)
STC 4 MSFT 27Sep19 136 puts (MSFT190927P136) for a debit of $0.80 (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