May 8, 2020 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We have become negative net delta:
 
BTC 2 MSFT 29May20 170 puts (MSFT200529P170)
STO 2 MSFT 29May20 185 puts (MSFT200529P185)
BTO 2 MSFT 18Sep20 185 puts (MSFT200918P185)
STC 2 MSFT 18Sep20 170 puts (MSFT200918P170) for a debit of $1.85 (selling a vertical roll)

BTC 2 MSFT 29May20 177.5 calls (MSFT200529C177.5)
STO 2 MSFT 29May20 185 calls (MSFT200529C185)
BTO 2 MSFT 18Sep20 185 calls (MSFT200918C185)
STC 2 MSFT 18Sepo20 175 calls (MSFT200918C175) 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