June 26, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to reduce delta. We continue to roll our shorts to July 10 and our longs to October 16:

BTC 2 MSFT 26Jun20 200 puts (MSFT200626P200)
STO 2 MSFT 10Jul20 192.5 puts (MSFT200710P192.5) for a debit of $0.85 (selling a diagonal)

BTC 1 MSFT 26Jun20 200 call (MSFT200626C200)
STO 1 MSFT 10Jul20 195 call (MSFT200710C195) for a credit of $5.62 (selling a diagonal)

BTO 1 MSFT 16Oct20 195 call (MSFT201016C195)
STC 1 MSFT 18Sep20 200 call (MSFT200918C200) for a debit of $4.20 (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