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

We need to lower some strikes to reduce delta:

BTC 2 MSFT 13Sep19 142 calls (MSFT190913C142)
STC 2 MSFT 25Oct19 142 calls (MSFT191025C142) for a credit of $2.12 (selling a calendar)

BTC 1 MSFT 13Sep19 140 call (MSFT190913C140)
STC 1 MSFT 18Oct19 140 call (MSFT191018C140) for a credit of $2.02 (selling a calendar)

BTC 2 MSFT 13Sep19 141 puts (MSFT190913C141)
STC 2 MSFT 25Oct19 141 puts (MSFT191025C141) for a credit of $2.20 (selling a calendar)

BTC 3 MSFT 13Sep19 141 calls (MSFT190913C141)
STO 3 MSFT 13Sep19 137 calls (MSFT190913C137) for a credit of $0.60 (selling a vertical)

BTC 3 MSFT 13Sep19 140 calls (MSFT190913C140)
STO 3 MSFT 13Sep19 136 calls (MSFT190913C136) for a credit of $0.98 (selling a vertical)

BTO 3 MSFT 25Oct19 137 calls (MSFT191025C137)
STC 3 MSFT 18Oct19 140 calls (MSFT191018C140) for a debit of $2.30 (buying a diagonal)

BTO 3 MSFT 25Oct19 138 calls (MSFT191025C138)
STC 3 MSFT 18Oct19 140 calls (MSFT191018C140) for a debit of $1.79 (buying a diagonal)

BTO 1 MSFT 18Oct19 135 call (MSFT191018C135)
STC 1 MSFT 18Oct19 140 call (MSFT191018C140) for a debit of $2.45 (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