August 8, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to add some delta:

BTC 5 MSFT 09Aug19 135 puts (MSFT190809P135)
STO 5 MSFT 09Aug19 137 puts (MSFT190809P137) for a credit of $0.33 (selling a vertical)

BTO 2 MSFT 20 Sep19 140 puts (MSFT190920P140)
STC 2 MSFT 20 Sep19 135 puts (MSFT190920P135) for a debit of $2.19 (buying a vertical)

BTC 1 MSFT 09Aug19 136 put (MSFT190809P136)
STO 1 MSFT 16Aug19 136 put (MSFT190816P136) for a credit of $1.10 (selling a calendar)

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

Happy trading.

Terry