August 21, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 4 MSFT 23Aug19 138 puts (MSFT190823P138)
STO 4 MSFT 23Aug19 140 puts (MSFT190823P140) for a credit of $0.92 (selling a vertical)

BTO 4 MSFT 27Sep19 140 puts (MSFT190927P140)
STC 4 MSFT 27Sep19 138 puts (MSFT190927P138) 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