July 24, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We are still negative net delta:

BTC 4 MSFT 26Jul19 138 puts (MSFT190726P138)
STO 4 MSFT 2Aug19 140 puts (MSFT190802P140) for a credit of $1.35 (selling a diagonal)

BTO 4 MSFT 20Sep19 140 puts (MSFT190920P140)
STC 4 MSFT 30Aug19 138 puts (MSFT190830P138) for a debit of $1.68 (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