Subject: July 25, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

July 25, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 5 MSFT 26Jul19 139 calls (MSFT190726C139)
STO 5 MSFT 2Aug19 141 calls (MSFT190802C141) for a debit of $.40 (selling a diagonal)

BTO 1 MSFT 20Sep19 140 call (MSFT190920C140)
STC 1 MSFT 20Sep19 135 call (MSFT190920C135) for a credit of $3.21 (selling a vertical)

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

Happy trading.

Terry

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