October 3, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to reduce delta and start getting set up for next week:

BTC 3 MSFT 04Oct19 140 calls (MSFT191004C140) for $0.04 (no commissions)

STC 1 MSFT 25Oct19 143 call (MSFT191025C143) for $1.30

STC 1 MSFT 25Oct19 142 call (MSFT191025C142) for $1.55

BTC 1 MSFT 04Oct 19 140 put (MSFT191004P140)
STO 1 MSFT 11Oct19 137 put (MSFT191011P137) for a debit of $1.65 (selling a diagonal)

BTC 1 MSFT 04Oct 19 139 put (MSFT191004P139)
STO 1 MSFT 11Oct19 136 put (MSFT191011P136) for a debit of $1.20 (selling a diagonal)

BTC 1 MSFT 04Oct 19 138 put (MSFT191004P139)
STO 1 MSFT 11Oct19 135 put (MSFT191011P136) for a debit of $0.70 (selling a diagonal)


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

Happy trading.

Terry