June 20, 2019 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio

We have become negative net delta
BTC 3 MSFT 21Jun19 133 calls (MSFT190621C133)
STO 3 MSFT 28Jun19 137 calls (MSFT190628C137) for a debit of $2.41 (selling a diagonal)

BTC 3 MSFT 21Jun19 134 calls (MSFT190621C134)
STO 3 MSFT 28Jun19 138 calls (MSFT190628C138) for a debit of $1.87 (selling a diagonal)

BTO 2 MSFT 16Aug19 140 calls (MSFT190816C140)
STC 2 MSFT 19Jul19 130 calls (MSFT190719C130) for a credit of $4.37 (buying a diagonal)

 

BTO 1 MSFT 16Aug19 140 call (MSFT190816C140)

STC 1 MSFT 16Aug19 130 call (MSFT190816C130) for a credit of $5.98 (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