July 23, 2020 Terry’s Tips Trade Alert  #2 – Wiley Wolf Portfolio

We continue to roll strikes down and out:

BTC 4 MSFT 24Jul20 215 calls (MSFT200724C215)
STO 4 MSFT 21Aug20 205 calls (MSFT200821C205)
BTO 4 MSFT 16Oct20 205 calls (MSFT201016C205)
STC 4 MSFT 16Oct20 215 calls (MSFT201016C215) for a credit of $2.10 (selling a custom vertical roll)

BTC 3 MSFT 24Jul20 212.5 puts (MSFT200724P212.5)
STO 3 MSFT 21Aug20 205 puts (MSFT200821P205)
BTO 3 MSFT 16Oct20 205 puts (MSFT201016P205)
STC 3 MSFT 16Oct20 215 puts (MSFT201016P215) for a credit of $4.90 (buying a custom vertical roll)

BTC 1 MSFT 24Jul20 212.5 put (MSFT200724P212.5)
STO 1 MSFT 21Aug20 205 put (MSFT200821P205)
BTO 1 MSFT 16Oct20 205 put (MSFT201016P205)
STC 1 MSFT 16Oct20 210 put (MSFT201016P210) for a credit of $1.70 (buying a custom vertical roll)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry