July 20, 2020 Terry’s Tips Trade Alert  #2 – Wiley Wolf Portfolio

We remain negative net delta:

BTC 4 MSFT 24Jul20 205 calls (MSFT200724C205)
STO 4 MSFT 24Jul20 215 calls (MSFT200724C215)
BTO 4 MSFT 16Oct20 215 calls (MSFT201016C215)
STC 4 MSFT 16Oct20 205 calls (MSFT201016C205) for a credit of $0.50 (selling a vertical roll)

BTC 2 MSFT 24Jul20 197.5 puts (MSFT200724P197.5)
STO 2 MSFT 24Jul20 210 puts (MSFT200724P210) for a credit of $4.85 (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