Subject: September 20, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

September 20, 2019 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We need to reduce delta:

BTC 4
MSFT 27Sep19 143 calls (MSFT190927C143)
STO
4 MSFT 27Sep19 140 calls (MSFT190927C140) for a credit of $0.70 (selling a vertical)

BTC 2 MSFT 27Sep19 143 puts (MSFT190927P143)
STO
2 MSFT 27Sep19 140 puts (MSFT190927P140) for a debit of $2.35 (buying a vertical)

BTO 1
MSFT 18Oct19 140 call (MSFT191018C140)
STC
1 MSFT 18Oct19 145 call (MSFT191018C145) for a debit of $1.80 (buying a vertical)

BTO 1
MSFT 18Oct19 140 put (MSFT191018P140)
STC
1 MSFT 18Oct19 145 put (MSFT191018P145) for a credit of $3.25 (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

 

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