June 8, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 1 MSFT 26Jun20 180 call (MSFT200626C180)
STO 1 MSFT 26Jun20 190 call (MSFT200626C190)
BTO 1 MSFT 18Sep20 200 call (MSFT200918C200)
STC 1 MSFT 18Sep20 180 call (MSFT200918C180) for a credit of $3.70 (selling a vertical roll)

BTC 2 MSFT 26Jun20 177.5 puts (MSFT200626P177.5)
STO 2 MSFT 26Jun20 187.5 puts (MSFT200626P187.5)
BTO 2 MSFT 18Sep20 190 puts (MSFT200918P190)
STC 2 MSFT 18Sep20 180 puts (MSFT200918P180) for a debit of $1.35 (buying a vertical roll)

BTO 2 MSFT 18Sep20 195 calls (MSFT200918C195)
STO 2 MSFT 26Jun20 195 calls (MSFT200626C195) for a debit of $5.80 (buying a calendar)


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

Happy trading.

Terry