August 13, 2020 Terry’s Tips Trade Alert  - Wiley Wolf Portfolio

We have become negative net delta:

BTC 4 MSFT 21Aug20 200 puts (MSFT200821P200)
STO 4 MSFT 21Aug20 210 puts (MSFT200821P210)
BTO 4 MSFT 20Nov20 210 puts (MSFT201120P210)
STC 4 MSFT 20Nov20 200 puts (MSFT201120P200) for a debit of $1.90 (buying a vertical roll)

BTC 3 MSFT 21Aug20 207.5 calls (MSFT200821C207.5)
STO 3 MSFT 21Aug20 217.5 calls (MSFT200821C217.5)
BTO 3 MSFT 20Nov20 215 calls (MSFT201120C215)
STC 3 MSFT 20Nov20 205 calls (MSFT201120C205) for a credit of $0.75 (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