June 5, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 07Jun19 120 call (MSFT190607C120)
STC 1 MSFT 19Jul19 120 call (MSFT190719C120) for a credit of $2.69 (selling a calendar)

BTC 2 MSFT 07Jun19 121 calls (MSFT190607C121)
STO 2 MSFT 07Jun19 127 calls (MSFT190607C127) for a debit of $3.76 (buying a vertical)

BTC 1 MSFT 07Jun19 122 call (MSFT190607C122)
STO 1 MSFT 07Jun19 126 call (MSFT190607C126) for a debit of $2.59 (buying a vertical)

BTO 1 MSFT 19Jul19 130 call (MSFT190719C130)
STC 1 MSFT 19Jul19 120 call (MSFT190719C120) for a credit of $5.41 (selling a vertical)

BTO 1 MSFT 19Jul19 125 call (MSFT190719C125)
STC 1 MSFT 19Jul19 120 call (MSFT190719C120) for a credit of $3.15 (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