July 23, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have spare cash that we can use to extend some long positions and capture a little more premium:

BTC 1 MSFT 26Jul19 137 call (MSFT190726C137)
STO 1 MSFT 2Aug19 140 call (MSFT190802C140) for a debit of $0.99 (selling a diagonal) 

STO 2 MSFT 26Jul19 139 calls (MSFT190726C139) for $.81

BTO 1 MSFT 20Sep19 135 call (MSFT190920C135)
STC 1 MSFT 23Aug19 137 call (MSFT190823C137) for a debit of $2.50 (buying a diagonal)

BTO 1 MSFT 20Sep19 140 call (MSFT190920C140)
STC 1 MSFT 23Aug19 137 call (MSFT190823C137) for a credit of $.37 (buying a diagonal)

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

Happy trading.

Terry