June 27, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We are uncomfortably long, and these trades will raise theta.  These trades will create a $100 maintenance requirement, but we are collecting more than that much by selling the 135 call:

BTC 2 MSFT 28Jun19 138 calls (MSFT190628C138) for $.03 (no commission)

STO 2 MSFT 5Jul19 135 calls (MSFT190705C135) for $1.35

BTO 1 MSFT 16Aug19 135 call (MSFT190816C135)
STC 1 MSFT 16Aug19 140 call (MSFT190816C140) for a debit of $2.13 (buying a vertical)

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

Happy trading.

Terry