July 1, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We remain negative net delta:

BTC 3 MSFT 10Jul20 200 calls (MSFT200710C200)
STO 3 MSFT 10Jul20 210 calls (MSFT200710C210)
BTO 3 MSFT 16Oct20 210 calls (MSFT201016C210)
STC 3 MSFT 16Oct20 200 calls (MSFT201016C200) for a credit of $0.10 (selling a vertical roll)

BTC 2 MSFT 10Jul20 200 puts (MSFT200710P200)
STO 2 MSFT 10Jul20 207.5 puts (MSFT200710P207.5) for a credit of $3.20 (selling a vertical)


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

Happy trading.

Terry