June 10, 2020 Terry’s Tips Trade Alert #4 – Wiley Wolf Portfolio

We continue to be negative net delta:
 
BTC 1 MSFT 26Jun20 190 call (MSFT200626C190)
STO 1 MSFT 26Jun20 200 call (MSFT200626C200)
BTO 1 MSFT 18Sep20 200 call (MSFT200918C200)
STC 1 MSFT 18Sep20 190 call (MSFT200918C190) for a debit of $0.35 (selling a vertical roll)

BTC 3 MSFT 26Jun20 187.5 puts (MSFT200626P187.5)
STO 3 MSFT 26Jun20 197.5 puts (MSFT200626P197.5)
BTO 3 MSFT 18Sep20 200 puts (MSFT200918P200)
STC 3 MSFT 18Sep20 190 puts (MSFT200918P190) for a debit of $1.20 (buying a vertical roll)

BTC 1 MSFT 26Jun20 187.5 put (MSFT200626P187.5)
STC 1 MSFT 18Sep20 185 put (MSFT200918P185) for a credit of $5.90 (selling a diagonal)

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

Happy trading.

Terry