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

We remain negative net delta:

BTC 2 MSFT 10Jul20 200 puts (MSFT200710P200)
STO 2 MSFT 10Jul20 210 puts (MSFT200710P210)
BTO 2 MSFT 16Oct20 210 puts (MSFT201016P210)
STC 2 MSFT 16Oct20 200 puts (MSFT201016P200) for a debit of $2.20 (buying a vertical roll)

BTC 1 MSFT 10Jul20 205 call (MSFT200710C205)
STO 1 MSFT 10Jul20 212.5 call (MSFT200710C212.5)
BTO 1 MSFT 16Oct20 210 call (MSFT201016C210)
STC 1 MSFT 16Oct20 205 call (MSFT201016C205) for a debit of $2.00 (selling a vertical roll)

BTC 1 MSFT 10Jul20 205 call (MSFT200710C205)
STO 1 MSFT 10Jul20 212.5 call (MSFT200710C212.5)
BTO 1 MSFT 16Oct20 215 call (MSFT201016C215)
STC 1 MSFT 16Oct20 205 call (MSFT201016C205) for a credit of $0.60 (selling 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