September 19, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 20Sep19 137 calls (MSFT190920C137)
STO 2 MSFT 27Sep19 142 calls (MSFT190927C142) for a debit of $3.40 (selling a diagonal)

BTC 4 MSFT 20Sep19 139 calls (MSFT190920C139)
STO 4 MSFT 27Sep19 143 calls (MSFT190927C143) for a debit of $1.95 (selling a diagonal)

BTC 2 MSFT 20Sep19 140 calls (MSFT190920C140)
STO 2 MSFT 27Sep19 143 calls (MSFT190927C143) for a debit of $1.00 (selling a diagonal)

BTC 2 MSFT 20Sep19 140 calls (MSFT190920C140)
STO 2 MSFT 27Sep19 144 calls (MSFT190927C144) for a debit of $1.40 (selling a diagonal)

BTO 2 MSFT 18Oct19 145 calls (MSFT191018C145)
STC 2 MSFT 18Oct19 140 calls (MSFT191018C140) for a credit of $2.57 (selling a vertical)

BTO 2 MSFT 25Oct19 142 calls (MSFT191025C142)
STC 2 MSFT 25Oct19 137 calls (MSFT191025C137) for a credit of $3.12 (selling a vertical)

BTO 3 MSFT 25Oct19 143 calls (MSFT191025C143)
STC 3 MSFT 25Oct19 138 calls (MSFT191025C138) for a credit of $2.90 (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