July 7, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We remain negative net delta:

BTC 1 MSFT 10Jul20 205 put (MSFT200710P205)
STC 1 MSFT 18Sep20 210 put (MSFT200918P210) for a credit of $9.60 (selling a diagonal)

BTC 1 MSFT 10Jul20 205 put (MSFT200710P205)
STC 1 MSFT 16Oct20 200 put (MSFT201016P200) for a credit of $7.80 (selling a diagonal)

BTC 2 MSFT 10Jul20 207.5 puts (MSFT200710P207.5)
STO 2 MSFT 10Jul20 215 puts (MSFT200710P215) for a credit of $2.40 (selling a vertical)

BTO 1 MSFT 16Oct20 220 put (MSFT201016P220)
STC 1 MSFT 16Oct20 200 put (MSFT201016P200) for a debit of $8.70 (buying a vertical)


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

Happy trading.

Terry