March 17, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We need to reduce delta a bit:

BTC 1 MSFT 27Mar20 150 put (MSFT200327P150)
STO 1 MSFT 27Mar20 135 put (MSFT200327P135)
BTO 1 MSFT 18Sep20 135 put (MSFT200918P135)
STC 1 MSFT 18Sep20 150 put (MSFT200918P150) for a credit of $0.40 (selling a vertical roll)

BTC 1 MSFT 27Mar20 155 call (MSFT200327C155)
STO 1 MSFT 27Mar20 140 call (MSFT200327C140)  
BTO 1 MSFT 18Sep20 140 call (MSFT200918C140)
STC 1 MSFT 18Sep20 155 call (MSFT200918C155) for a debit of $0.30 (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