November 29, 2018 Terry’s Tips Trade Alert – Wiley Wolf Portfolio 

We have become negative net delta and will roll two of our in-the-money short calls to higher strikes:

BTC 1 MSFT 30Nov18 109 call (MSFT181130C109)
STO 1 MSFT 7Dec18 111 call (MSFT181207C111) for a debit of $.15 (selling a diagonal)

BTC 1 MSFT 30Nov18 109 call (MSFT181130C109)
STO 1 MSFT 7Dec18 112 call (MSFT181207C112) for a debit of $.59 (selling a diagonal)
Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry