June 30, 2020 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio

We remain negative net delta:

BTC 1 MSFT 10Jul20 192.5 call (MSFT200710C192.5)
STO 1 MSFT 10Jul20 202.5 call (MSFT200710C202.5)
BTO 1 MSFT 16Oct20 195 call (MSFT201016C195)
STC 1 MSFT 16Oct20 190 call (MSFT200918C190) for a debit of $3.80 (selling a vertical roll)

BTC 2 MSFT 10Jul20 195 calls (MSFT200710C195)
STO 2 MSFT 10Jul20 205 calls (MSFT200710C205)
BTO 2 MSFT 16Oct20 205 calls (MSFT201016C205)
STC 2 MSFT 16Oct20 195 calls (MSFT201016C195) for a debit of $0.60 (selling a vertical roll)


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

Happy trading.

Terry