May 16, 2019 Terry’s Tips Trade Alert  –  Wiley Wolf Portfolio 

We have become negative net delta:

BTC 3 MSFT 17May19 125 puts (MSFT190517P125)
STC 3 MSFT 19Jul19 125 puts (MSFT190719P125) for a credit of $2.72 (selling a calendar)

BTO 3 MSFT 19Jul19 130 puts (MSFT190719P130)
STO 3 MSFT 24May19 130 puts (MSFT190524P130) for a debit of $2.80 (buying a calendar)

BTC 4 MSFT 17May19 126 calls (MSFT190517C126)
STO 4 MSFT 24May19 129 calls (MSFT190524C129) for a debit of $1.60 (selling a diagonal)

BTC 3 MSFT 17May19 127 calls (MSFT190517C127)
STO 3 MSFT 24May19 130 calls (MSFT190524C130) for a debit of $ 1.14 (selling a diagonal)

BTO 5 MSFT 21Jun19 130 calls (MSFT190621C130)
STC 5 MSFT 21Jun19 125 calls (MSFT190621C125) for a credit of $3.15 (selling a vertical)

Be prepared to change these prices by $.05 or more in order to get an execution

Happy trading.

Terry