June 23, 2020 Terry’s Tips Trade Alert #3 – Wiley Wolf Portfolio

We remain negative net delta:

BTC 1 MSFT 26Jun20 195 put (MSFT200626P195)
STC 1 MSFT 18Sep20 195 put (MSFT200918P195) for a credit of $8.60 (selling a calendar)

BTC 1 MSFT 26Jun20 195 put (MSFT200626P195)
STO 1 MSFT 26Jun20 205 put (MSFT200626P205) for a credit of $2.60 (selling a vertical)

BTO 1 MSFT 16Oct20 210 put (MSFT201016P210)
STC 1 MSFT 18Sep20 200 put (MSFT200918P200) for a debit of $6.80 (buying a diagonal)

BTC 2 MSFT 26Jun20 197.5 puts (MSFT200626P197.5)
STO 2 MSFT 26Jun20 205 puts (MSFT200626P205) for a credit of $2.40 (selling a vertical)

BTO 1 MSFT 16Oct20 210 put (MSFT201016P210)
STC 1 MSFT 18Sep20 195 put (MSFT200918P195) for a debit of $8.70 (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