September 5, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 06Sep19 140 puts (MSFT190906P140)
STC 2 MSFT 18Oct19 140 puts (MSFT191018P140) for a credit of $3.25 (selling a calendar)

BTC 4 MSFT 06Sep19 138 calls (MSFT190906C138)
STO 4 MSFT 06Sep19 140 calls (MSFT190906C140) for a debit of $1.50 (buying a vertical)

BTC 3 MSFT 06Sep19 139 calls (MSFT190906C139)
STO 3 MSFT 06Sep19 141 calls (MSFT190906C141) for a debit of $1.08 (buying a vertical)

BTO 2 MSFT 18Oct19 140 calls (MSFT191018C140)
STC 2 MSFT 18Oct19 135 calls (MSFT191018C135) for a credit of $3.20 (selling a vertical)

BTC 4 MSFT 06Sep19 138 puts (MSFT190906P138)
STO 4 MSFT 06Sep19 140 puts (MSFT190906P140) for a credit of $0.50 (selling a vertical)

BTO 2 MSFT 18Oct19 140 puts (MSFT191018P140)
STC 2 MSFT 18Oct19 135 puts (MSFT191018P135) for a debit of $1.78 (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