March 20, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 27Mar20 135 put (MSFT200327P135)
STO 1 MSFT 27Mar20 145 put (MSFT200327P145)
BTO 1 MSFT 18Sep20 145 put (MSFT200918P145)
STC 1 MSFT 18Sep20 135 put (MSFT200918P135) for a debit of $1.20 (selling a vertical roll)

BTC 1 MSFT 27Mar20 140 call (MSFT200327C140)
STO 1 MSFT 27Mar20 145 call (MSFT200327C145) 
BTO 1 MSFT 17Jul20 145 call (MSFT200717C145)
STC 1 MSFT 17Jul20 140 call (MSFT200717C140) for a debit of $0.60 (selling a vertical roll)

BTC 1 MSFT 27Mar20 140 call (MSFT200327C140)
STO 1 MSFT 27Mar20 150 call (MSFT200327C150) 
BTO 1 MSFT 18Sep20 150 call (MSFT200918C150)
STC 1 MSFT 18Sep20 140 call (MSFT200918C140) for a debit of $0.90 (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