May 5, 2020  Terry’s Tips Trade Alert  –  Boomers  Revenge  Portfolio

 

We have become negative net delta:

BTO 1 PYPL 18Sep20 130 call (PYPL200918C130)
STC 1 PYPL 18Sep20 120 call (PYPL200918C120) for a debit of $5.48  (selling a vertical)

BTC 1 PYPL 08May20 115 call (PYPL200508C115)

STO 1 PYPL 08May20 127 call (PYPL200508C127)

BTO 1 PYPL 18Sep20 125 call (PYPL200918C125)

STC 1 PYPL 18Sep20 115 call (PYPL200918C115) for a debit of $2.57 (selling a vertical roll)

 

BTC 1 PYPL 08May20 115 put (PYPL200508P115)

STO 1 PYPL 08May20 130 put (PYPL200508P130)
BTO 1 PYPL 18Sep20 130 put (PYPL200918P130)
STC 1 PYPL 18Sep20 115 put (PYPL200918P115) for a debit of $1.05 (buying a vertical roll)

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

 

Happy trading.

Terry