June 19, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 26Jun20 190 puts (MSFT200626P190)
STO 2 MSFT 26Jun20 200 puts (MSFT200626P200)
BTO 2 MSFT 18Sep20 200 puts (MSFT200918P200)
STC 2 MSFT 18Sep20 190 puts (MSFT200918P190) for a debit of $1.40 (buying 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 200 calls (MSFT200918C200)
STC 2 MSFT 18Sep20 190 calls (MSFT200918C190) for a debit of $0.20 (selling a vertical roll)

BTC 1 MSFT 26Jun20 192.5 call (MSFT200626C192.5)
STO 1 MSFT 26Jun20 202.5 call (MSFT200626C202.5)
BTO 1 MSFT 18Sep20 200 call (MSFT200918C200)
STC 1 MSFT 18Sep20 195 call (MSFT200918C195) for a debit of $3.20 (selling a vertical roll)

BTC 3 MSFT 26Jun20 195 calls (MSFT200626C195)
STO 3 MSFT 26Jun20 202.5 calls (MSFT200626C202.5) for a debit of $4.10 (buying a vertical)

BTO 2 MSFT 18Sep20 210 calls (MSFT200918C210)
STC 2 MSFT 18Sep20 195 calls (MSFT200918C195) for a credit of $7.00 (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