September 12, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 3 MSFT 13Sep19 136 calls (MSFT190913C136)
STO 3 MSFT 13Sep19 138 calls (MSFT190913C138) for a debit of $1.45 (buying a vertical)

BTC 3 MSFT 13Sep19 137 calls (MSFT190913C137)
STO 3 MSFT 13Sep19 139 calls (MSFT190913C139) for a debit of $1.03 (buying a vertical)

BTO 2 MSFT 18Oct19 140 calls (MSFT191018C140)
STC 2 MSFT 18Oct19 135 calls (MSFT191018C135) for a credit of $2.80 (selling a vertical)

BTO 1 MSFT 25Oct19 139 call (MSFT191025C139)
STC 1 MSFT 25Oct19 137 call (MSFT191025C137) for a credit of $1.05 (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