January 17, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 24Jan20 162.5 put (MSFT200124P162.5)
STO 1 MSFT 24Jan20 167.5 put (MSFT200124P167.5)
BTO 1 MSFT 17Jul20 170 put (MSFT200717P170)
STC 1 MSFT 17Jul20 165 put (MSFT200717P165) for a debit of $0.85 (buying a vertical roll)
 
BTC 1 MSFT 24Jan20 165 call (MSFT200124C165)
STO 1 MSFT 24Jan20 170 call (MSFT200124C170)
BTO 1 MSFT 17Jul20 170 call (MSFT200717C170)
STC 1 MSFT 17Jul20 165 call (MSFT200717C165) for a credit of $0.65 (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