June 29, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to lower delta and continue rolling out our longs to October. We’ll start on the call side:

BTC 3 MSFT 10Jul20 207.5 calls (MSFT200710C207.5)
STO 3 MSFT 10Jul20 192.5 calls (MSFT200710C192.5) for a credit of $5.40 (selling a vertical)

BTC 1 MSFT 10Jul20 207.5 call (MSFT200710C207.5)
STO 1 MSFT 10Jul20 200 call (MSFT200710C200) for a credit of $1.70 (selling a vertical)

BTO 2 MSFT 16Oct20 190 calls (MSFT201016C190)
STC 2 MSFT 18Sep20 200 calls (MSFT200918C200) for a debit of $7.00 (buying a diagonal)

BTO 1 MSFT 16Oct20 185 call (MSFT201016C185)
STC 1 MSFT 18Sep20 195 call (MSFT200918C195) for a debit of $7.55 (buying a diagonal)

BTO 1 MSFT 16Oct20 200 call (MSFT201016C200)
STC 1 MSFT 16Oct20 210 call (MSFT201016C210) for a debit of $4.20 (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