October 2, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to reduce delta and buy back some calls:
 
BTC 2 MSFT 04Oct19 141 calls (MSFT191004C141) for $0.04 (no commissions)

BTC 1 MSFT 04Oct19 142 call (MSFT191004C142) for $0.04 (no commissions)

BTC 2 MSFT 04Oct19 142 puts (MSFT191004P142)
STC 2 MSFT 25Oct19 142 puts (MSFT191025P142) for a credit of $1.00 (selling a calendar)

BTC 2 MSFT 04Oct19 141 puts (MSFT191004P141)
STO 2 MSFT 04Oct19 135 puts (MSFT191004P135) for a debit of $5.25 (buying a vertical)

BTO 2 MSFT 15Nov19 135 puts (MSFT191115P135)
STC 2 MSFT 18Oct19 145 puts (MSFT191018P145) for a credit of $5.30 (buying a diagonal)


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

Happy trading.

Terry