July 3, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 05Jul19 134 put (MSFT190705P134) for $.03 (no commission)

STC 1 MSFT 16Aug19 135 put (MSFT190816P135) for $3.02

BTC 4 MSFT 05Jul19 135 calls (MSFT190705C135)
STO 4 MSFT 12Jul19 138 calls (MSFT190705C138) for a debit of $1.46 (selling a diagonal)

BTC 3 MSFT 05Jul19 136 calls (MSFT190705C136)
STO 3 MSFT 12Jul19 139 calls (MSFT190705C139) for a debit of $0.91 (selling a diagonal) 

BTO 1 MSFT 16Aug19 140 call (MSFT190816C140)
STC 1 MSFT 16Aug19 130 call (MSFT190816C130) for a credit of $6.30 (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