July 9, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We remain negative net delta:

BTC 2 MSFT 10Jul20 207.5 puts (MSFT200710P207.5)
STO 2 MSFT 17Jul20 215 puts (MSFT200717P215) for a credit of $3.90 (selling a diagonal)

BTO 1 MSFT 16Oct20 220 put (MSFT201016P220)
STC 1 MSFT 16Oct20 210 put (MSFT201016P210) for a debit of $4.90 (buying a vertical)

BTC 4 MSFT 10Jul20 212.5 calls (MSFT200710C212.5)
STO 4 MSFT 10Jul20 217.5 calls (MSFT200710C217.5) for a debit of $2.50 (buying a vertical)

BTO 2 MSFT 16Oct20 220 calls (MSFT201016C220)
STC 2 MSFT 16Oct20 210 calls (MSFT201016C210) for a credit of $5.10 (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