July 18, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

The stock continues to fall and we should lower some strikes as well:

BTC 6 MSFT 19Jul19 139 calls (MSFT190719C139)
STC 6 MSFT 23Aug19 139 calls (MSFT190823C139) for a credit of $1.44 (selling a calendar)

BTO 4 MSFT 30Aug19 134 puts (MSFT190830P134)
STO 4 MSFT 19Jul19 134 puts (MSFT190719P134) for a debit of $1.97  (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