April 27, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta. Raising our lowest short put strike will add delta and theta prior to earnings on Wednesday:
 
BTC 2 MSFT 01May20 165 puts (MSFT200501P165)
STO 2 MSFT 01May20 175 puts (MSFT200501P175)
BTO 2 MSFT 18Sep20 175 puts (MSFT200918P175)
STC 2 MSFT 18Sep20 165 puts (MSFT200918P165) for a debit of $1.00 (selling a vertical roll)


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

Happy trading.

Terry