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

We remain negative net delta:

BTC 1 MSFT 10Jul20 197.5 put (MSFT200710P197.5)
STO 1 MSFT 10Jul20 207.5 put (MSFT200710P207.5)
BTO 1 MSFT 16Oct20 200 put (MSFT201016P200)
STC 1 MSFT 16Oct20 190 put (MSFT201016P190) for a debit of $1.10 (buying a vertical roll)

BTC 1 MSFT 10Jul20 197.5 put (MSFT200710P197.5)
STO 1 MSFT 10Jul20 207.5 put (MSFT200710P207.5)
BTO 1 MSFT 16Oct20 205 put (MSFT201016P205)
STC 1 MSFT 16Oct20 195 put (MSFT201016P195) for a debit of $1.60 (buying a vertical roll)

BTC 5 MSFT 10Jul20 202.5 calls (MSFT200710C202.5)
STO 5 MSFT 10Jul20 212.5 calls (MSFT200710C212.5) for a debit of $5.50 (buying a vertical)

BTO 3 MSFT 16Oct20 215 calls (MSFT201016C215)
STC 3 MSFT 16Oct20 200 calls (MSFT201016C200) for a credit of $7.80 (selling a vertical)

BTO 1 MSFT 16Oct20 210 call (MSFT201016C210)
STC 1 MSFT 16Oct20 200 call (MSFT201016C200) for a credit of $5.50 (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