December 18, 2018 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

These trades will make us shorter and increase theta nicely:

BTC 2 MSFT 21Dec18 109 calls (MSFT181221C109)
STC 2 MSFT 18Apr19 110 calls (MSFT190418C110) for a credit of $4.26 (selling a diagonal)

BTO 1 MSFT 18Apr19 100 call (MSFT190418C100)
STO 1 MSFT 21Dec18 103 call (MSFT181221C103) for a debit of $7.57 (buying a diagonal)

BTO 1 MSFT 18Apr19 105 call (MSFT190418C105)
STC 1 MSFT 18Apr19 110 call (MSFT190418C110) for a debit of $2.15  (buying a vertical) 

BTC 2 MSFT 21Dec18 108 calls (MSFT181221C108)
STO 2 MSFT 21Dec18 105 calls (MSFT181221C105) for a credit of $.57 (selling a vertical)

BTC 1 MSFT 21Dec18 107 call (MSFT181221C107)
STO 1 MSFT 21Dec18 104 call (MSFT181221C104) for a credit of $.85 (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry