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

We are negative net delta and need to start rolling to next week:
 
BTC 4 MSFT 20Dec19 155 calls (MSFT191220C155)
STO 4 MSFT 27Dec19 157.5 calls (MSFT191227C157.5) for a debit of $1.20 (selling a diagonal)

BTC 4 MSFT 20Dec19 155 calls (MSFT191220C155)
STO 4 MSFT 27Dec19 155 calls (MSFT191227C155) for a credit of $0.40 (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