May 11, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 1 MSFT 29May20 177.5 call (MSFT200529C177.5)
STO 1 MSFT 29May20 190 call (MSFT200529C190)
BTO 1 MSFT 18Sep20 190 call (MSFT200918C190)
STC 1 MSFT 18Sepo20 175 call (MSFT200918C175) for a credit of $0.95 (selling a vertical roll)

BTC 2 MSFT 29May20 172.5 puts (MSFT200529P172.5)
STO 2 MSFT 29May20 187.5 puts (MSFT200529P187.5)
BTO 2 MSFT 18Sep20 190 puts (MSFT200918P190)
STC 2 MSFT 18Sep20 175 puts (MSFT200918P175) for a debit of $2.10 (selling a vertical roll)

BTC 1 MSFT 29May20 180 call (MSFT200529C180)
STO 1 MSFT 29May20 195 call (MSFT200529C195)
BTO 1 MSFT 18Sep20 190 call (MSFT200918C190)
STC 1 MSFT 18Sepo20 175 call (MSFT200918C175) for a credit of $1.60 (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