June 9, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 2 MSFT 26Jun20 182.5 calls (MSFT200626C182.5)
STO 2 MSFT 26Jun20 192.5 calls (MSFT200626C192.5)
BTO 2 MSFT 18Sep20 195 calls (MSFT200918C195)
STC 2 MSFT 18Sep20 180 calls (MSFT200918C180) for a credit of $2.30 (selling a vertical roll)

BTC 2 MSFT 26Jun20 180 puts (MSFT200626P180)
STO 2 MSFT 26Jun20 190 puts (MSFT200626P190)
BTO 2 MSFT 18Sep20 190 puts (MSFT200918P190)
STC 2 MSFT 18Sep20 180 puts (MSFT200918P180) for a debit of $0.85 (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