June 11, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become uncomfortably long:
 
BTC 1 MSFT 26Jun20 202.5 call (MSFT200626C202.5)
STC 1 MSFT 18Sep20 200 call (MSFT200918C200) for a credit of $6.50 (selling a diagonal)

BTC 3 MSFT 26Jun20 202.5 calls (MSFT200626C202.5)
STO 3 MSFT 26Jun20 192.5 calls (MSFT200626C192.5) for a credit of $2.60 (selling a vertical)

BTO 2 MSFT 18Sep20 190 calls (MSFT200918C190)
STC 2 MSFT 18Sep20 200 calls (MSFT200918C200) for a debit of $4.50 (buying a vertical)

BTC 3 MSFT 26Jun20 197.5 puts (MSFT200626P197.5)
STO 3 MSFT 26Jun20 187.5 puts (MSFT200626P187.5) for a debit of $5.90 (buying a vertical)

BTO 3 MSFT 18Sep20 190 puts (MSFT200918P190)
STC 3 MSFT 18Sep20 200 puts (MSFT200918P200) for a credit of $5.40 (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