June 5, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 2 MSFT 26Jun20 177.5 calls (MSFT200626C177.5)
STO 2 MSFT 26Jun20 192.5 calls (MSFT200626C192.5)
BTO 2 MSFT 18Sep20 195 calls (MSFT200918C195)
STC 2 MSFT 18Sep20 175 calls (MSFT200918C175) for a credit of $2.30 (selling a vertical roll)

BTC 2 MSFT 26Jun20 175 puts (MSFT200626P175)
STO 2 MSFT 26Jun20 187.5 puts (MSFT200626P187.5)
BTO 2 MSFT 18Sep20 185 puts (MSFT200918P185)
STC 2 MSFT 18Sep20 175 puts (MSFT200918P175) for a debit of $0.20 (buying 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