July 21, 2020 Terry’s Tips Trade Alert  #2 – Wiley Wolf Portfolio

We have become negative net delta:

BTC 3 MSFT 24Jul20 202.5 puts (MSFT200724P202.5)
STO 3 MSFT 24Jul20 212.5 puts (MSFT200724P212.5)
BTO 3 MSFT 16Oct20 205 puts (MSFT201016P205)
STC 3 MSFT 16Oct20 195 puts (MSFT201016P195) for a credit 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