July 10, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 3 MSFT 12Jul19 135 calls (MSFT190712C135)
STC 3 MSFT 16Aug19 135 calls (MSFT190816C135) for a credit of $2.42 (selling a calendar)

BTC 4 MSFT 12Jul19 136 calls (MSFT190712C136)
STC 4 MSFT 16Aug19 135 calls (MSFT190816C135) for a credit of $3.36 (selling a diagonal)

BTO 4 MSFT 23Aug19 139 calls (MSFT190823C139)
STO 4 MSFT 12Jul19 139 calls (MSFT190712C139) for a debit of $3.30 (buying a calendar)

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

Happy trading.

Terry