June 24, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to reduce delta:

BTC 3 MSFT 26Jun20 205 puts (MSFT200626P205)
STO 3 MSFT 10Jul20 200 puts (MSFT200710P200) for a debit of $0.35 (selling a diagonal)

BTO 1 MSFT 16Oct20 200 put (MSFT201016P200)
STC 1 MSFT 18Sep20 210 put (MSFT200918P210) for a credit of $3.50 (buying a diagonal)

BTO 1 MSFT 16Oct20 195 put (MSFT201016P195)
STC 1 MSFT 18Sep20 200 put (MSFT200918P200) for a credit of $0.60 (buying a diagonal)

BTC 2 MSFT 26Jun20 205 calls (MSFT200626C205)
STO 2 MSFT 10Jul20 200 calls (MSFT200710C200) for a credit of $4.60 (selling a diagonal)

BTO 1 MSFT 16Oct20 200 call (MSFT201016C200)
STC 1 MSFT 18Sep20 210 call (MSFT200918C210) for a debit of $6.30 (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