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

We have become negative net delta:

BTC 2 MSFT 24Jul20 192.5 puts (MSFT200724P192.5)
STO 2 MSFT 24Jul20 207.5 puts (MSFT200724P207.5)
BTO 2 MSFT 16Oct20 210 puts (MSFT201016P210)
STC 2 MSFT 16Oct20 195 puts (MSFT201016P195) for a debit of $1.50 (buying a vertical roll)

BTC 1 MSFT 24Jul20 202.5 call (MSFT200724C202.5)
STO 1 MSFT 24Jul20 212.5 call (MSFT200724C212.5)
BTO 1 MSFT 16Oct20 210 call (MSFT201016C210)
STC 1 MSFT 16Oct20 200 call (MSFT201016C200) for a credit of $0.80 (selling a vertical roll)

BTC 2 MSFT 24Jul20 195 puts (MSFT200724P195)
STO 2 MSFT 24Jul20 210 puts (MSFT200724P210)
BTO 2 MSFT 16Oct20 210 puts (MSFT201016P210)
STC 2 MSFT 16Oct20 195 puts (MSFT201016P195) for a debit of $0.50 (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