July 10, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to reduce delta and roll out to next week:

BTC 2 MSFT 10Jul20 217.5 calls (MSFT200710C217.5)
STO 2 MSFT 17Jul20 212.5 calls (MSFT200717C212.5) for a credit of $3.50 (selling a diagonal)

BTC 2 MSFT 10Jul20 217.5 calls (MSFT200710C217.5)
STO 2 MSFT 17Jul20 215 calls (MSFT200717C215) for a credit of $2.50 (selling a diagonal)

BTC 1 MSFT 10Jul20 217.5 call (MSFT200710C217.5)
STO 1 MSFT 17Jul20 217.5 call (MSFT200717C217.5) for a credit of $1.80 (selling a calendar)

BTO 1 MSFT 16Oct20 205 call (MSFT201016C205)
STC 1 MSFT 16Oct20 220 call (MSFT201016C220) for a debit of $7.50 (buying a vertical)


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

Happy trading.

Terry