July 20, 2020 Terry’s Tips Trade Alert  #3 – Wiley Wolf Portfolio

We remain negative net delta:

BTC 1 MSFT 24Jul20 200 put (MSFT200724P200)
STO 1 MSFT 24Jul20 212.5 put (MSFT200724P212.5) for a credit of $5.05 (selling a vertical)

BTC 1 MSFT 24Jul20 200 put (MSFT200724P200)
STO 1 MSFT 24Jul20 207.5 put (MSFT200724P207.5) for a credit of $2.50 (selling a vertical)

BTC 2 MSFT 24Jul20 207.5 calls (MSFT200724C207.5)
STO 2 MSFT 24Jul20 212.5 calls (MSFT200724C212.5) for a debit of $2.50 (buying a vertical)

BTC 1 MSFT 24Jul20 207.5 call (MSFT200724C207.5)
STO 1 MSFT 24Jul20 217.5 call (MSFT200724C217.5) for a debit of $4.20 (buying a vertical)

BTO 1 MSFT 16Oct20 220 call (MSFT201016C220)
STC 1 MSFT 16Oct20 205 call (MSFT201016C205) for a credit of $7.10 (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