August 6, 2019 Terry’s Tips Trade Alert  – Wiley Wolf Portfolio 

These trades will increase theta and leave us comfortably long (positive net delta):

BTC 3 MSFT 09Aug19 138 calls (MSFT190809C138)
STO 3 MSFT 09Aug19 136 calls (MSFT190809C136) for a credit of $.42 (selling a vertical)

BTC 1 MSFT 09Aug19 138 call (MSFT190809C138)
STC 1 MSFT 20Sep19 140 call (MSFT190920C140) for a credit of $1.80 (selling a diagonal)

BTO 1 MSFT 20Sep19 135 call (MSFT190920C135)
STC 1 MSFT 20Sep19 140 call (MSFT190920C140) for a debit of $2.00  (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