January 17, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf  Portfolio

We have become negative net delta and rolling this over will make us slightly positive net delta:

BTC 1 MSFT 18Jan19 103 call (MSFT190118C103)
STO 1 MSFT 25Jan19 107 call (MSFT190125C107) for a debit of $2.09 (selling a diagonal)

BTC 1 MSFT 18Jan19 104 call (MSFT190118C104)
STO 1 MSFT 25Jan19 108 call (MSFT190125C108) for a debit of $1.46 (selling a diagonal)

BTO 1 MSFT 18Apr19 110 call (MSFT190418C110)
STC 1 MSFT 18Apr19 100 call (MSFT190418C100) for a credit of $5.58 (selling a vertical)

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

Happy trading.

Terry