June 10, 2020 Terry’s Tips Trade Alert #5 – Wiley Wolf Portfolio

With MSFT up 4% today, we continue to raise strikes to increase delta:
 
BTC 2 MSFT 26Jun20 192.5 calls (MSFT200626C192.5)
STO 2 MSFT 26Jun20 202.5 calls (MSFT200626C202.5)
BTO 2 MSFT 18Sep20 200 calls (MSFT200918C200)
STC 2 MSFT 18Sep20 190 calls (MSFT200918C190) for a credit of $0.40 (selling a vertical roll)

BTC 2 MSFT 26Jun20 192.5 calls (MSFT200626C192.5)
STO 2 MSFT 26Jun20 202.5 calls (MSFT200626C202.5)
BTO 2 MSFT 18Sep20 195 calls (MSFT200918C195)
STC 2 MSFT 18Sep20 190 calls (MSFT200918C190) for a debit of $2.20 (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