June 22, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 26Jun20 195 calls (MSFT200626C195)
STO 2 MSFT 26Jun20 205 calls (MSFT200626C205)
BTO 2 MSFT 18Sep20 210 calls (MSFT200918C210)
STC 2 MSFT 18Sep20 200 calls (MSFT200918C200) for a debit of $0.30 (selling a vertical roll)

BTC 2 MSFT 26Jun20 192.5 puts (MSFT200626P192.5)
STO 2 MSFT 26Jun20 202.5 puts (MSFT200626P202.5) for a credit of $3.75 (selling a vertical)

BTO 1 MSFT 18Sep20 210 put (MSFT200918P210)
STC 1 MSFT 18Sep20 190 put (MSFT200918P190) for a debit of $9.80 (buying a vertical)


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

Happy trading.

Terry