July 31, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We have enough cash to add on this spread.  It will make us a little shorter and increase theta:

BTO 1 MSFT 20Sep19 140 put (MSFT190920P140)
STO 1 MSFT 02Aug19 138 put (MSFT190802P138) for a debit of $3.76 (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