June 12, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become uncomfortably long:
 
BTC 1 MSFT 26Jun20 200 call (MSFT200626C200)
STO 1 MSFT 26Jun20 190 call (MSFT200626C190)
BTO 1 MSFT 18Sep20 190 call (MSFT200918C190)
STC 1 MSFT 18Sep20 200 call (MSFT200918C200) for a debit of $1.40 (selling a vertical roll)

BTC 5 MSFT 26Jun20 195 puts (MSFT200626P195)
STO 5 MSFT 26Jun20 185 puts (MSFT200626P185)
BTO 5 MSFT 18Sep20 185 puts (MSFT200918P185)
STC 5 MSFT 18Sep20 195 puts (MSFT200918P195) for a debit of $0.70 (buying a vertical roll)

BTC 1 MSFT 26Jun20 200 call (MSFT200626C200)
STC 1 MSFT 18Sep20 200 call (MSFT200918C200) for a credit of $6.30 (selling a calendar)


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

Happy trading.

Terry