June 6, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 07Jun19 123 puts (MSFT190607P123)
STO 2 MSFT 14Jun19 125 puts (MSFT190614P125) for a credit of $1.15 (selling a diagonal)

BTC 3 MSFT 07Jun19 123 calls (MSFT190607C123)
STO 3 MSFT 14Jun19 127 calls (MSFT190607C127) for a debit of $1.86 (selling a diagonal)

BTO 2 MSFT 19Jul19 130 calls (MSFT190719C130)
STC 2 MSFT 19Jul19 125 calls (MSFT190719C125) for a credit of $2.44 (selling a vertical)

BTC 3 MSFT 07Jun19 124 calls (MSFT190607C124)
STO 3 MSFT 14Jun19 126 calls (MSFT190614C126) for a debit of $.48 (selling a diagonal)

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

Happy trading.

Terry