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

We remain negative net delta:

BTC 1 MSFT 10Jul20 207.5 call (MSFT200710C207.5)
STO 1 MSFT 10Jul20 217.5 call (MSFT200710C217.5)
BTO 1 MSFT 16Oct20 215 call (MSFT201016C215)
STC 1 MSFT 16Oct20 205 call (MSFT201016C205) for a debit of $0.50 (selling a vertical roll)

BTC 1 MSFT 10Jul20 202.5 put (MSFT200710P202.5)
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 $2.00 (buying a vertical roll)

BTC 1 MSFT 10Jul20 202.5 put (MSFT200710P202.5)
STO 1 MSFT 10Jul20 212.5 put (MSFT200710P212.5)
BTO 1 MSFT 16Oct20 215 put (MSFT201016P215)
STC 1 MSFT 16Oct20 205 put (MSFT201016P205) for a debit of $2.60 (buying a vertical roll)

BTC 3 MSFT 10Jul20 210 calls (MSFT200710C210)
STO 3 MSFT 10Jul20 215 calls (MSFT200710C215)
BTO 3 MSFT 16Oct20 215 calls (MSFT201016C215)
STC 3 MSFT 16Oct20 210 calls (MSFT201016C210) for a debit of $0.40 (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