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

We have become 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 200 call (MSFT201016C200)
STC 1 MSFT 18Sep20 190 call (MSFT200918C190) for a debit of $2.50 (selling a custom vertical roll)

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 185 call (MSFT201016C185) for a debit of $0.10 (selling a vertical roll)

BTC 2 MSFT 10Jul20 192.5 calls (MSFT200710C192.5)
STO 2 MSFT 10Jul20 202.5 calls (MSFT200710C202.5)
BTO 2 MSFT 16Oct20 200 calls (MSFT201016C200)
STC 2 MSFT 16Oct20 190 calls (MSFT201016C190) for a debit of $0.70 (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