October 10, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to add delta, as gamma is too high relative to delta:
 
BTC 2 MSFT 11Oct19 139 calls (MSFT191011C139)
STO 2 MSFT 11Oct19 142 calls (MSFT191011C142) for a debit of $0.95 (buying a vertical)

BTO 1 MSFT 01Nov19 139 call (MSFT191101C139)
STC 1 MSFT 01Nov19 137 call (MSFT191101C137) for a credit of $1.15 (selling a vertical)

BTC 2 MSFT 11Oct19 137 puts (MSFT191011P137)
STO 2 MSFT 11Oct19 140 puts (MSFT191011P140) for a credit of $1.05 (selling a vertical)

BTO 1 MSFT 01Nov19 141 put (MSFT191101P141)
STC 1 MSFT 01Nov19 137 put (MSFT191101P137) for a debit of $1.80 (buying a vertical)


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

Happy trading.

Terry