June 10, 2020 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We continue to be negative net delta:
 
BTC 5 MSFT 26Jun20 185 puts (MSFT200626P185)
STO 5 MSFT 26Jun20 195 puts (MSFT200626P195)
BTO 5 MSFT 18Sep20 195 puts (MSFT200918P195)
STC 5 MSFT 18Sep20 185 puts (MSFT200918P185) for a debit of $0.85 (buying 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