June 17, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 3 MSFT 26Jun20 185 puts (MSFT200626P185)
STO 3 MSFT 26Jun20 195 puts (MSFT200626P195)
BTO 3 MSFT 18Sep20 195 puts (MSFT200918P195)
STC 3 MSFT 18Sep20 185 puts (MSFT200918P185) for a debit of $1.30 (buying a vertical roll)

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 credit of $0.05 (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