June 23, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We remain negative net delta and will continue rolling out to July 10:

BTC 4 MSFT 26Jun20 197.5 calls (MSFT200626C197.5)
STO 4 MSFT 10Jul20 207.5 calls (MSFT200710C207.5) for a debit of $3.20 (selling a diagonal)

BTO 2 MSFT 16Oct20 210 calls (MSFT201016C210)
STC 2 MSFT 18Sep20 195 calls (MSFT200918C195) for a credit of $6.15 (buying a diagonal)

BTO 2 MSFT 16Oct20 200 calls (MSFT201016C200)
STC 2 MSFT 18Sep20 195 calls (MSFT200918C195) for a credit of $1.10 (buying a diagonal)

BTC 2 MSFT 26Jun20 195 puts (MSFT200626P195)
STO 2 MSFT 10Jul20 202.5 puts (MSFT200710P202.5) for a credit of $4.35 (selling a diagonal)

BTO 1 MSFT 16Oct20 210 put (MSFT201016P210)
STC 1 MSFT 18Sep20 195 put (MSFT200918P195) for a debit of $8.90 (buying a diagonal)


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

Happy trading.

Terry