June 7, 2019 Terry’s Tips Trade Alert– Wiley Wolf Portfolio

We have become negative net delta once again:

BTC 2 MSFT 07Jun19 125 calls (MSFT190607C125)
STC 2 MSFT 19Jul19 125 calls (MSFT190719C125) for a credit of $2.08 (selling a calendar)

BTC 1 MSFT 07Jun19 126 call (MSFT190607C125)
STC 1 MSFT 19Jul19 125 call (MSFT190719C125) for a credit of $3.08 (selling a diagonal)

BTC 2 MSFT 07Jun19 127 calls (MSFT190607C127)
STO 2 MSFT 14Jun19 132 calls (MSFT190614C132) for a debit of $3.35 (selling a diagonal)

BTC 3 MSFT 14Jun19 126 calls (MSFT190614C126)
STO 3 MSFT 14Jun19 133 calls (MSFT190614C133) for a debit of $5.14 (buying a vertical)

BTC 3 MSFT 14Jun19 127 calls (MSFT190614C127)
STO 3 MSFT 14Jun19 132 calls (MSFT190614C132) for a debit of $3.75 (buying a vertical)

BTO 2 MSFT 19Jul19 135 calls (MSFT190719C135)
STC 2 MSFT 19Jul19 125 calls (MSFT190719C125) for a credit of $6.20 (selling a vertical)

BTO 2 MSFT 16Aug19 135 calls (MSFT190816C135)
STC 2 MSFT 16Aug19 120 calls (MSFT190816C120) for a credit of $9.97 (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