July 1, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 05Jul19 133 put (MSFT190705P133)
STC 1 MSFT 16Aug19 130 put (MSFT190816P130) for a credit of $1.82 (selling a diagonal)

BTC 1 MSFT 05Jul19 133 put (MSFT190705P133)
STC 1 MSFT 16Aug19 135 put (MSFT190816P135) for a credit of $3.50 (selling a diagonal)

BTC 3 MSFT 05Jul19 134 calls (MSFT190705C134)
STO 3 MSFT 05Jul19 137 calls (MSFT190705C137) for a debit of $2.02 (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