May 6, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 1 MSFT 29May20 165 put (MSFT200529P165)
STO 1 MSFT 29May20 182.5 put (MSFT200529P182.5)
BTO 1 MSFT 18Sep20 180 put (MSFT200918P180)
STC 1 MSFT 18Sepo20 165 put (MSFT200918P165) for a debit of $1.10 (selling a vertical roll)

BTC 1 MSFT 29May20 165 put (MSFT200529P165)
STO 1 MSFT 29May20 182.5 put (MSFT200529P182.5)
BTO 1 MSFT 18Sep20 185 put (MSFT200918P185)
STC 1 MSFT 18Sepo20 165 put (MSFT200918P165) for a debit of $3.55 (selling a vertical roll)

BTC 1 MSFT 29May20 175 call (MSFT200529C175)
STO 1 MSFT 29May20 190 call (MSFT200529C190)
BTO 1 MSFT 18Sep20 195 call (MSFT200918C195)
STC 1 MSFT 18Sepo20 170 call (MSFT200918C170) for a credit of $4.90 (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