June 18, 2019 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio

We are nearly negative delta:

BTC 2 MSFT 21Jun19 131 puts (MSFT190621P131)
STO 2 MSFT 21Jun19 135 puts (MSFT190621P135) for a credit of $.83 (selling a vertical)

BTO 1 MSFT 16Aug19 135 put (MSFT190816P135)
STC 1 MSFT 19Jul19 130 put (MSFT190719P130) for a debit of $3.29 (buying a diagonal)

BTC 2 MSFT 21Jun19 132 calls (MSFT190621C132)
STO 2 MSFT 21Jun19 135 calls (MSFT190621C135) for a debit of $2.26 (buying a vertical)

BTO 2 MSFT 16Aug19 135 calls (MSFT190816C135)
STC 2 MSFT 19Jul19 130 calls (MSFT190719C130) for a credit of $1.78 (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