July 6, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We remain negative net delta:

BTC 1 MSFT 10Jul20 200 put (MSFT200710P200)
STC 1 MSFT 16Oct20 200 put (MSFT201016P200) for a credit of $8.40 (selling a calendar)

BTC 1 MSFT 10Jul20 200 put (MSFT200710P200)
STO 1 MSFT 10Jul20 212.5 put (MSFT200710P212.5)
BTO 1 MSFT 16Oct20 215 put (MSFT201016P215)
STC 1 MSFT 16Oct20 200 put (MSFT201016P200) for a debit of $3.40 (buying a vertical roll)

BTC 1 MSFT 10Jul20 200 put (MSFT200710P200)
STO 1 MSFT 10Jul20 212.5 put (MSFT200710P212.5)
BTO 1 MSFT 16Oct20 210 put (MSFT201016P210)
STC 1 MSFT 16Oct20 200 put (MSFT201016P200) for a debit of $0.90 (buying a vertical roll)

BTC 2 MSFT 10Jul20 207.5 calls (MSFT200710C207.5)
STO 2 MSFT 10Jul20 215 calls (MSFT200710C215) for a debit of $3.70 (buying a vertical)

BTO 1 MSFT 16Oct20 220 call (MSFT201016C220)
STC 1 MSFT 16Oct20 205 call (MSFT201016C205) for a credit of $7.60 (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