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

We can increase theta:

BTC 1 MSFT 09Aug19 140 put (MSFT190809P140)  
STO 1 MSFT 09Aug19 136 put (MSFT190809P136) for a debit of $2.54 (buying a vertical)

BTO 1 MSFT 13Sep19 126 put (MSFT190913P136)
STC 1 MSFT 20Sep19 140 put (MSFT190920P140) for a credit of $2.46 (selling a diagonal)

BTO 1 MSFT 20Sep19 135 call (MSFT190920C135)
STC 1 MSFT 20Sep19 140 call (MSFT190920C140) for a debit of $2.41 (buying a vertical)

STO 2 MSFT 09Aug19 137 calls (MSFT190809C137) for $1.39

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

Happy trading.

Terry