July 13, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become net negative delta:

BTC 1 MSFT 17Jul20 210 call (MSFT200717C210)
STO 1 MSFT 17Jul20 220 call (MSFT200717C220)
BTO 1 MSFT 16Oct20 215 call (MSFT201016C215)
STC 1 MSFT 16Oct20 205 call (MSFT201016C205) for a credit of $0.60 (selling a vertical roll)

BTC 1 MSFT 17Jul20 210 call (MSFT200717C210)
STO 1 MSFT 17Jul20 220 call (MSFT200717C220)
BTO 1 MSFT 16Oct20 220 call (MSFT201016C220)
STC 1 MSFT 16Oct20 210 call (MSFT201016C210) for a credit of $0.05 (selling a vertical roll)

BTC 2 MSFT 17Jul20 205 puts (MSFT200717P205)
STO 2 MSFT 17Jul20 215 puts (MSFT200717P215)
BTO 2 MSFT 16Oct20 220 puts (MSFT201016P220)
STC 2 MSFT 16Oct20 210 puts (MSFT201016P210) for a debit of $2.20 (buying 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