August 20, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to roll up some strikes:

BTC 5 MSFT 23Aug19 137 calls (MSFT190823C137)
STO 5 MSFT 23Aug19 139 calls (MSFT190823C139) for a debit of $1.01 (buying a vertical)

BTC 1 MSFT 23Aug19 136 call (MSFT190823C136)
STC 1 MSFT 27Sep19 136 call (MSFT190927C136) for a credit of $2.77 (selling a calendar)

BTO 3 MSFT 27Sep19 139 calls (MSFT190927C139)
STC 3 MSFT 27Sep19 137 calls (MSFT190927C137) for a credit of $1.09 (selling a vertical)

BTC 2 MSFT 23Aug19 137 puts (MSFT190823P137)
STO 2 MSFT 23Aug19 139 puts (MSFT190823P139) for a credit of $0.98 (selling a vertical)

BTO 2 MSFT 27Sep19 139 puts (MSFT190927P139)
STC 2 MSFT 27Sep19 137 puts (MSFT190927P137) for a debit of $0.92 (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