September 11, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to lower some put strikes to reduce delta:

BTC 3 MSFT 13Sep19 140 puts (MSFT190913P140)
STO 3 MSFT 13Sep19 137 puts (MSFT190913P137) for a debit of $2.60 (buying a vertical)

BTC 3 MSFT 13Sep19 139 puts (MSFT190913P139)
STO 3 MSFT 13Sep19 136 puts (MSFT190913P136) for a debit of $2.20 (buying a vertical)

BTO 4 MSFT 18Oct19 135 puts (MSFT191018P135)
STC 4 MSFT 18Oct19 140 puts (MSFT191018P140) for a credit of $2.55 (selling a vertical)



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

Happy trading.

Terry