September 6, 2019 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to reduce delta and get set up for next week:

BTC 3 MSFT 06Sep19 141 calls (MSFT190906C141) for $0.02 (no commissions)

STO 3 MSFT 13Sep19 141 calls (MSFT190913C141) for $0.53

BTC 2 MSFT 06Sep19 139 calls (MSFT190906C139)
STO 2 MSFT 13Sep19 139 calls (MSFT190913C139) for a credit of $1.00 (selling a calendar)

BTC 4 MSFT 06Sep19 140 calls (MSFT190906C140)
STO 4 MSFT 13Sep19 140 calls (MSFT190913C140) for a credit of $0.82 (selling a calendar)

BTC 2 MSFT 06Sep19 139 puts (MSFT190906P139)
STO 2 MSFT 13Sep19 139 puts (MSFT190913P139) for a credit of $1.00 (selling a calendar)

BTC 3 MSFT 06Sep19 140 puts (MSFT190906P140)
STO 3 MSFT 13Sep19 140 puts (MSFT190913P140) for a credit of $0.78 (selling a calendar)

BTC 2 MSFT 06Sep19 140 puts (MSFT190906P140)
STO 2 MSFT 13Sep19 139 puts (MSFT190913P139) for a credit of $0.28 (selling a diagonal)

BTO 2 MSFT 25Oct19 142 calls (MSFT191025C142)
STO 2 MSFT 13Sep19 142 calls (MSFT190913C142) for a debit of $3.15 (buying a calendar)

BTO 2 MSFT 25Oct19 141 puts (MSFT191025P141)
STO 2 MSFT 13Sep19 141 puts (MSFT190913P141) for a debit of $3.10 (buying a calendar)



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

Happy trading.

Terry