March 26, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become too negative net delta:

BTC 1 MSFT 27Mar20 145 call (MSFT200327C145)
STO 1 MSFT 27Mar20 150 call (MSFT200327C150) for a debit of $4.00 (buying a vertical)

BTC 1 MSFT 27Mar20 145 call (MSFT200327C145)
STO 1 MSFT 27Mar20 155 call (MSFT200327C155) for a debit of $6.50 (buying a vertical)

BTO 1 MSFT 18Sep20 150 call (MSFT200918C150)
STC 1 MSFT 17Jul20 145 call (MSFT200717C145) for a credit of $1.00 (buying a diagonal)

BTO 1 MSFT 18Sep20 155 call (MSFT200918C155)
STC 1 MSFT 17Jul20 145 call (MSFT200717C145) for a credit of $3.60 (buying a diagonal)

BTC 1 MSFT 27Mar20 145 call (MSFT200327C145)
STO 1 MSFT 27Mar20 152.5 call (MSFT200327C152.5) 
BTO 1 MSFT 18Sep20 150 call (MSFT200918C150)
STC 1 MSFT 18Sep20 145 call (MSFT200918C145) for a debit of $2.40 (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